Director Actuary
Director Actuary
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Salary Not Disclosed
1 Vacancy
Job Description
Company Details
Berkley Management Protection offers a modular suite of management liability products through the Grove their bespoke and easy to use platform where users can quote bind & issue. Their Trellis Management Liability Portfolio of coverages include directors and officers employment practices fiduciary cyber crime and miscellaneous professional liability.
Company URL: a member of Berkley Management Protections Companys Actuarial & analytics team you will focus on providing effective leadership and analysis to ensure the successful achievement of the companys business objectives.
You will focus on leveraging the companys data assets to deliver actionable and meaningful business insights using analytics and predictive models. With data-based decision making as one of our core cultural pillars this role will promote and continue to build analytical toolkits that provide actionable insight to the team. You will also play a critical role in designing pricing and filing new and innovative insurance products.
- Create and maintain accurate and dependable financial reporting for the organization which adequately reflects the financial condition of the company.
- Assist with determination of loss and loss adjustment expense Incurred but not Reported (IBNR) reserves for all lines of insurance.
- Conducts rate review ratemaking rate adequacy and price monitoring processes to achieve profitability and growth targets.
- Develop and implement predictive models and other analytical tools.
- Perform data statistical and trend analysis.
- Delivers the actuarial perspective and spreads the analytical mindset in a credible manner.
- Collaborates on the long-range planning and forecasting of the company to maximize company performance over time.
- Product Design and Development: design state rate rule stress testing and product filings.
- Understands business and the factors that affect its success.
- Communicate regularly and effectively with underwriting and other teams as needed.
- Keeps abreast of industry developments particularly those which impact his or her area(s) of responsibility.
Qualifications
Requires in-depth knowledge of actuarial concepts and methods regarding rate and reserve analyses. Must be able to develop studies and recommend changes based on such knowledge.
Requires a college degree in mathematics statistics economics or finance as well as a minimum of five years related experience in property and casualty insurance. ACAS designation is required FCAS designation is preferred.
- Bachelors degree in actuarial science math/statistics Economics finance or other related disciplines
- ACAS designation is required FCAS designation is preferred
- 10 years of experience developing strategies managing major initiatives and delivering results within a complex matrix environment
- 2 years of people leadership experience in building managing and/or developing high-performing teams
- Experience collaborating with key resources and stakeholders influencing decisions and managing work to achieve strategic goals
- Demonstrated successes in product management and technology modernization initiatives
- Experience leading teams through changes in processes tools techniques and organization
- Experience in predictive modeling bridging pricing to analytics
- Experience reserving and pricing management liability is a plus.
The Company is an equal employment opportunity employer.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
Base Salary Range: $140-180k
Eligible to participate in annual discretionary bonus
Benefits include: Health dental vision dental life disability wellness paid time off 401(k) and profit-sharing plans
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
Sponsorship Details
Required Experience:
Director
Employment Type
Full-Time
