Chief Actuary
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Job Location:
Glen Allen, VA - USA
Monthly Salary:
Not Disclosed
Posted on:
12 hours ago
Vacancies:
1 Vacancy
Job Summary
Company Details
Berkley Specialty Excess provides excess and surplus lines coverages for mid-market companies with hardto place specialized risks including environmental (excess and primary); excess energy and excess for other industry verticals to be developed with the possibility of including excess general casualty that involve moderate to high degrees of hazard and require highly negotiated terms to meet buyers needs. The distribution of products is limited to industry specialized brokers wholesale for all products and large retail brokers for environmental products.
Company URL: company is an equal opportunity employer.
Responsibilities
The Chief Actuary is responsible for contributing to the overall strategic direction of the Operating Unit and direct responsibility for the vision and direction for all actuarial and analytical aspects of the Operating Unit.
Duties and responsibilities will include but not be limited to:
- Develop and execute pricing models for new product(s) and coverage(s)
- Develop and manage portfolio tools and predictive models to ensure profitability
- Build infrastructure to monitor competitive position
- Formulate filing and company placement strategy
- Monitor emerging issues and trends impacting profitability and appetite
- Partner on the development of training modules on underwriting guidelines strategies or emerging issues
- Establish partnership across Operating Units and serve as liaison on Actuary and Analytics issues
- Establish strong Actuary Data and Analytics governance
- Design and lead Portfolio Reviews in collaboration with Underwriting Claims and Finance
- Partner with OU president segment leader and Ceded reinsurance team to develop a reinsurance buying strategy and to represent the Operating Unit via meetings with the reinsurance marketplace as appropriate
- Communicate key information to Operating Unit staff in a timely and efficient manner
Qualifications
- Minimum of 10 years of Actuary Experience
- 5 years of Experience within the Liability suite of products (CGL Excess Environmental Energy Professional etc.)
- Demonstrated ability to develop and execute strategic plans; that are driven by empirical analysis and include stated goals and delivery dates
- Experience with filing products and working with state regulators
- Execution oriented with attention to details driven by natural curiosity and competitive spirit
- Must have strong written and verbal communication negotiation and interpersonal skills
Education Requirement
- BA/BS degree required
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: $240000 $280000
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:
Chief
Key Skills
- Mold Remediation
- Succession Planning
- Employee Evaluation
- Basic Math
- Host/Hostess Experience
- Restoration
- Restoration Industry Experience
- Water Damage Restoration
- Emergency Management
- Auto Restoration
- Fire Restoration
- Financial Report Interpretation
About Company
Berkley is a leader in commercial lines insurance, with over 60+ specialized businesses - each with deep expertise in an industry, product, or regional niche.
