What are the responsibilities and job description for the Actuarial Analyst – Commercial Auto position at Berkshire Hathaway GUARD Insurance Companies?
Overview
Good things are happening at Berkshire Hathaway GUARD Insurance Companies. We provide Property & Casualty insurance products and services through a nationwide network of independent agents and brokers. Our companies are all rated A “Superior” by AM Best (the leading independent insurance rating organization) and ultimately owned by Warren Buffett’s Berkshire Hathaway group – one of the financially strongest organizations in the world! Headquartered in Wilkes-Barre, PA, we employ over 1,000 individuals (and growing) and have offices across the country. Our vision is to be a leading small business insurance provider nationwide.
Founded upon an exceptional culture and led by a collaborative and inclusive management team, our company’s success is grounded in our core values: accountability, service, integrity, empowerment, and diversity. We are always in search of talented individuals to join our team and embark on an exciting career path!
Benefits:
We are an equal opportunity employer that strives to maintain a work environment that is welcoming and enriching for all. You’ll be surprised by all we have to offer!
- Competitive compensation
- Healthcare benefits package that begins on first day of employment
- 401K retirement plan with company match
- Enjoy generous paid time off to support your work-life balance plus 9 ½ paid holidays
- Up to 6 weeks of parental and bonding leave
- Hybrid work schedule (3 days in the office, 2 days from home)
- Longevity awards (every 5 years of employment, receive a generous monetary award to be used toward a vacation)
- Tuition reimbursement after 6 months of employment
- Numerous opportunities for continued training and career advancement
- And much more!
Responsibilities
Berkshire Hathaway GUARD currently offers an excellent opportunity for an Actuarial Analyst or Senior Actuarial Analyst to join the Actuarial Department. The position can be located in New York City (NY), Parsippany (NJ), and Philadelphia (PA). The successful candidate is expected to work in one of our offices 3 days per week and also be available for travel as required. This position supports the organization's key actuarial functions through conducting analysis, providing valuable insights, and developing and maintaining actuarial processes for the Commercial Auto line of business.
Duties Include:
- Complete basic actuarial analysis related to pricing.
- Collaborate within the team to develop and maintain actuarial tools and processes to improve the quality and efficiency of actuarial analyses.
- Implement methodology enhancements and process efficiencies within the department.
- Maintain appropriate documentation that allows another actuarial staff member to understand and recreate the work product.
- Assist with industry research and studies to support actuarial projects.
- Perform basic data preparation, balancing, and reasonability checks using SQL or other data tools to support actuarial analyses and reporting requirements.
- Analyze data and trends to uncover solutions to business challenges.
- Create actuarial reports summarizing analysis results and communicate within the department.
- Grow and develop team members as appropriate through peer review.
Qualifications
Actuarial Analyst
- Bachelor's degree in actuarial science, mathematics, statistics, or a related field with a strong mathematics background
- 2-5 years of actuarial experience, with commercial lines exposure preferred
- Successful completion of 2 or more exams from the Casualty Actuarial Society (CAS)
- Strong technical skills, including proficiency in Microsoft Excel and programming
- Experience with relational databases required; SQL preferred
Senior Actuarial Analyst
- Bachelor's degree in actuarial science, mathematics, statistics, or a related field with a strong mathematics background
- 3 years of actuarial experience, with commercial lines exposure preferred
- Successful completion of 4 or more exams from the Casualty Actuarial Society (CAS)
- Advanced technical skills, including expertise in Microsoft Excel and programming
- Experience with relational databases required; SQL preferred
Key Competencies
- Results oriented with strong multitasking and prioritizing of skills
- Ability to collaborate effectively within a team
- Commitment to process improvement and efficiency
Compensation Ranges:
Actuarial Analyst: $60,000.00 - $115,000.00
Senior Actuarial Analyst- $73,000.00-$135,000.00
The annual base salary range posted represents a broad range of salaries around the U.S. and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
This role offers opportunities to grow within a collaborative team environment and contribute to impactful actuarial initiatives. We are excited to welcome talented individuals to our team who are eager to drive results and deliver actionable insights!
Salary : $60,000 - $115,000
