Actuarial Analyst
Company: Berkley
Location: Naperville
Posted on: May 13, 2022
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Job Description:
Company Details:
-"Our Company provides a state of predictability which allows
brokers and agents to act with confidence."Founded in 1967, W. R.
Berkley Corporation has grown from a small investment management
firm into one of the largest commercial lines property and casualty
insurers in the United States.Along the way, we've been listed on
the New York Stock Exchange, seen our revenue soar well past $7
billion, and become a well-respected Fortune 500 Company.Today, the
Berkley brand comprises 53 Berkley companies worldwide. Still
managed by our Executive Chairman, founder and largest shareholder,
W. R. Berkley Corporation is well-positioned to respond to
opportunities for future growth.In April 2017, W. R. Berkley
Corporation celebrated the 50th anniversary of its founding.
Responsibilities:
We are seeking a skilled and motivated Actuarial Analyst to work
from our downtown Chicago or Naperville office to perform pricing
analyses and provide actuarial support for state regulatory
filings. -This Actuarial Analyst position is part of the Enterprise
Product Support Services (EPSS) organization, which provides
product support services for several decentralized operating units
within the W.R. Berkley Group. The Actuarial Analyst works closely
within an internal team of actuaries, regulatory filing analysts,
product managers, data consultants, and policy systems
administrators to develop and maintain appropriate pricing and
product support on behalf of the supported operating units. This
position reports to the Vice President and head actuary of EPSS.
-The Actuarial Analyst has an essential role in the state filing
process by producing rate indications, actuarial analyses,
actuarial memoranda, and actuarial filing forms and applications;
by providing measurements of rate change impacts; and by
corresponding with regulators.Preferred candidates are pursuing an
actuarial credential (ACAS/FCAS), if not yet attained. ---- Provide
support for filing of rates and rules of affiliated insurance
companies for various commercial lines of business in all U.S.
jurisdictions--- Use traditional ratemaking methods to develop and
support indicated rate changes--- Complete rate change
applications, actuarial exhibits, calculation of loss cost
multiplier worksheets, and transmittal forms for state regulatory
filings--- In association with others, reform rate/rule manuals and
filing documents and formulate responses to address state insurance
regulators' objection letters to rate and rule filings--- Use
various databases and websites to access information from rating
bureaus' manual pages, circulars, and filings, and from affiliated
insurance companies' manuals, filings, and financial statements---
Use SQL to retrieve company data from relational databases needed
for actuarial analyses and reports--- Analyze rate impacts of
rating bureau loss cost / rate changes and prepare recurring
reports for operating units--- Perform research and analysis of
rating bureau programs and filings, industry practices, and
competitor filings for the development of programs, rating plans,
rates, rules, and forms--- Assist in developing, maintaining, and
overseeing various templates, databases, and other technology tools
in support of the operations of EPSS and affiliated companies---
Develop effective working relationships with the internal team of
regulatory filing analysts, product managers, data consultants, and
policy systems administrators and extended teams of supported
operating unit underwriters and actuaries through demonstrated
technical expertise, insurance product knowledge and
professionalism--- Conduct actuarial analyses, reports, and
presentations as needed - -
Qualifications:
--- Minimum 3 years' experience in actuarial analysis---
Demonstrated progress with passing CAS actuarial examinations---
Proficiency with Microsoft Excel and other Microsoft Office
applications--- Proficiency at accessing relational databases /
practical skills with SQL--- Knowledge of actuarial concepts and
ratemaking practices and techniques--- Knowledge of P commercial
lines insurance coverages (e.g., ISO, NCCI, AAIS products)---
Knowledge of insurance company operations--- Knowledge of NAIC
Annual Statement--- Knowledge of U.S. insurance regulatory
environment--- Excellent analytical skills--- Strong written and
verbal communication skills--- Strong organizational and time
management skills--- Ability to manage multiple projects within
deadlines--- Compliance mindset and attention to detail--- Ability
to think creatively to solve problems--- Pride of ownership when
dispatching assignments with a focus on results -Education
Requirement ---- Bachelor's degree; preferably in mathematics,
statistics, actuarial science, data analytics, or business
Additional Company Details:
The Company is an equal employment opportunity employer.
Additional Requirements:
Must be fully vaccinated and remain fully vaccinated against
COVID-19. *, unless prohibited by law.
Keywords: Berkley, Naperville , Actuarial Analyst, Professions , Naperville, Illinois
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