Senior Actuarial Analyst
Senior Actuarial Analyst
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Job Description
Company Details
Berkley One is a modern insurance provider for a modern generation of affluence. We serve clients who live dynamic adventurous lives and expect their insurance experience to match. Our mission is to deliver highly personalized risk and claims management through a blend of expert independent agents cutting-edge digital tools and the strength of the Berkley brand.
Why Join Us
At Berkley One youll be part of a forward-thinking team thats reimagining personal insurance. Were building solutions that are as sophisticated and agile as the clients we serveindividuals and families who value innovation simplicity and exceptional service. Youll collaborate with passionate professionals leverage modern technology and help shape the future of our industry.
What We Value
- A client-first mindset with a passion for delivering exceptional experiences
- Curiosity creativity and a drive to challenge the status quo
- Collaboration across disciplines to build smarter more intuitive solutions
- Integrity expertise and a commitment to excellence
Join us in creating a new standard in personal insurancewhere protection meets possibility.
This role will be based in our Boston office. We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.
#LI-AV1 #LI-hybrid
The Company is an equal employment opportunity employer.
Responsibilities
Join a dynamic and forward-thinking actuarial team at a leading High Net Worth Personal Lines Carrier where your expertise will directly shape pricing strategy risk management and business growth. This role offers the opportunity to work on complex high-impact initiatives in a collaborative and intellectually stimulating environment.
As a Senior Actuarial Analyst youll report to the AVP/Actuary at Berkley One. You will be responsible for working on rate and reserving reviews actuarial indications participating in companys planning processes providing tools and analysis in support of pricing personal lines products such as building actuarial metrics dashboards.
What you can expect:
- Culture of innovation teamwork supportive colleagues and leaders willing to invest in talent
- Internal mobility opportunities
- Visibility to senior leaders and partnership with cross functional teams
- Opportunity to impact change
- Benefits competitive compensation paid time off comprehensive wellness benefits and programs employer funded health savings account profit sharing 401k paid parental leave employee stock purchase plan tuition assistance and professional continuing education
Well count on you for:
- Rating Development & Competitive Analysis: Develop and enhance rating methodologies for both existing and emerging products leveraging advanced actuarial techniques and data-driven insights to drive competitive differentiation. Conduct competitor pricing and segmentation analysis to uncover profitable growth opportunities and identify underperforming segments recommending targeted corrective actions to optimize portfolio performance.
- Advanced Data Analytics & Modeling: Prepare and validate complex datasets from internal systems (e.g. exposure premium loss claims pricing) and external sources using SQL R and other analytical tools. Apply rigorous data quality checks and exploratory analysis to present actionable recommendations that support strategic decision-making.
- Rate Filing Execution & Regulatory Strategy: Drive the actuarial components of state expansion and regulatory filings including competitor benchmarking actuarial modeling and documentation. Collaborate cross-functionally with Product IT Legal to ensure timely and compliant filings that support business growth and profitability.
- Financial Planning & Forecasting: Contribute to the companys annual planning cycle by developing and refining actuarial projections for Loss and LAE ratios.
- Risk Management & Reinsurance Support: Support enterprise risk initiatives including catastrophe modeling exposure management and reinsurance strategy. Apply actuarial judgment to assess risk concentrations and optimize risk transfer solutions.
- Innovation & Thought Leadership: Champion innovation by identifying emerging trends tools and methodologies that enhance actuarial and organizational capabilities. Provide leadership within the actuarial team to foster continuous improvement.
- Profitability Monitoring & Reporting: Maintain robust monthly and quarterly reporting frameworks to monitor underwriting performance and profitability. Ensure timely insights that support executive decision-making.
- Reserving: Lead quarterly reviews of Loss and ALAE reserves applying sound actuarial principles and judgment to ensure reserve adequacy and financial integrity. Communicates findings effectively to finance and senior leadership.
Qualifications
- Bachelors degree or equivalent in math statistics actuarial science or economics
- Commitment to continuing education demonstrated by progression through the Casualty Actuarial Society exam program (3-5 exams passed) or other insurance professional designations.
- Actuarial Experience: Minimum of 3 years of actuarial experience in the insurance industry with a focus on personal lines auto and property lines of business. Pricing experience in these lines is essential; exposure to the high net worth market is preferred but not required.
- Technical Proficiency: Advanced proficiency with Excel SQL and R (or other data scripting/statistical language) is expected. Familiarity with Microsoft Office Suite and the ability to quickly learn new software tools is expected.
- Customer-Centric Mindset: Deep empathy and understanding of the needs of our customers both insureds and their agents alike with commitment to delivering thoughtful data-informed solutions.
- Communication Excellence:Exceptional verbal and written communication skills with the ability to tailor messaging to different audiences clearly to convey complex concepts.
- Professionalism & Collaboration: Calm under pressure highly organized integrity to follow-through on tasks and able to challenge the norms while working collaboratively with colleagues at all levels of the organization
- Leadership: A proactive mindset with strong sense of accountability ownership and leadership. Take initiative and drive projects forward with minimal oversight.
- Curiosity & Innovation: Naturally curious and passionate about learning how things. Continuously seeks opportunities for improvement and innovation.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $
Eligible to participate in annual discretionary bonus.
Benefits: Health Dental Vision 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:
Senior IC
Employment Type
Unclear
