What are the responsibilities and job description for the Associate Actuary-Pricing position at Berkshire Hathaway GUARD Insurance Companies?
Overview
Associate Actuary-Pricing
About us:
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 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
We are seeking an Associate Actuary who is interested in making significant contributions to our efforts to transform GUARD into a top tier commercial insurer. In our agile and fast-paced environment, your work will have a direct impact on results. This position is a vocal leader within the department and in working with business partners as we profitably develop and grow our suite of commercial insurance products, including business owners, general liability, and commercial property insurance. The successful candidate will be responsible for completing pricing analyses, making significant contributions to various projects aimed at developing new products, and monitoring and maintaining profitability, and leading, training, and mentoring junior actuarial staff.
**Please note the position will be filled at a level appropriate to the candidate’s experience and qualifications.
Responsibilities:
- Provide strategic input and collaborate with business partners, such as Claims and Product, to profitably grow our commercial business portfolio
- Organize and lead the completion of actuarial analyses for commercial business products, including business owners and GL
- Manage multiple assignments independently and simultaneously with a focus on timeliness and accuracy
- Ensure appropriate documentation is maintained that allows other actuarial staff members to understand and recreate the work product
- Prioritize and drive industry research, studies, and analyses to support actuarial projects
- Communicate results, including insights and recommendations within the department, to other departments, and to senior leadership
- Train and mentor team members as appropriate and advocate for their continued development
Qualifications
Qualifications:
- FCAS, ACAS or near-ACAS with five or more years of actuarial experience and at least two years of actuarial pricing experience. Commercial lines experience preferred.
- Exceptional attention to detail to ensure accuracy and reliability of results
- Ability to communicate results and assumptions
- Experience collecting, analyzing, and interpreting data and model results
- Results-oriented with the ability to adjust priorities when necessary
- Knowledge of VBA, SQL, Python is preferred
Salary Range:
$120,000.00-$190,000.00
The position can be located in New York City or Philadelphia. The successful candidate is expected to work in one of our offices 3 days per week and also be available for travel as required.
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.
Salary : $120,000 - $190,000
