What are the responsibilities and job description for the Actuarial Analyst - Programs position at Berkshire Hathaway GUARD Insurance Companies?
Overview
Actuarial Analyst or Senior Actuarial Analyst
About Us:
Berkshire Hathaway GUARD Insurance Companies provide Property & Casualty insurance products and services through a nationwide network of independent agents/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 the 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 and profit sharing
- Generous paid vacation and sick time
- Hybrid work schedule (three days in the office, two days from home)
- Work/life balance schedule – no nights or weekends/closed for all major holidays
- Longevity awards (every 5 years of employment receive a generous monetary award to be used toward a vacation)
- Tuition reimbursement after six months of employment
- Numerous opportunities for continued training and career advancement
- And much more!
Responsibilities
Berkshire Hathaway GUARD is seeking talented and results-driven professionals to join our team as either an Actuarial Analyst or Senior Actuarial Analyst, support our Program Business key actuarial functions. The position can be located in Wilkes-Barre (PA), New York City (NY), or 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.
We're looking for candidates who excel in technical analysis, process development, and providing valuable insights to support business decisions. Depending on qualifications and experience, we will hire at either the Actuarial Analyst or Senior Actuarial Analyst level.
Key Responsibilities:
- Conduct basic actuarial analysis related to pricing and reserving
- Develop and maintain actuarial tools and processes to improve the quality and efficiency of analysis.
- Implement methodology enhancements and process efficiencies
- Document work to ensure reproducibility and clarity for other team members
- Perform data preparation validation, and analysis using tools like SQL
- Analyze data trends to address business challenges and create actionable insights
- Summarize analysis results into actuarial reports and communicate findings within the department
- Support industry research and studies for actuarial projects
- Mentor 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
