Chief Actuary

Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge will focus on small to mid-sized risks through a wholesale only distribution model.

The Company is an equal employment opportunity employer.

The VP Chief Actuary will report to the President of the Company and is responsible for directing the Actuarial department in both reserving and pricing for the organization and contributing to the overall strategic direction of the company as part of the Executive Team. The Chief Actuary will ensure favorable corporate financial results by performing actuarial and underwriting analysis determining rates for all lines of business and recommend actuarial and underwriting policy. This role will provide input on company policies particularly in the area of risk assumption and provide actuarial assistance on legislative/regulatory matters affecting the company.

• Provide management support to the Actuarial department and develop plans for meeting company objectives. Assure that a well-trained staff and other resources are available to accomplish plans.
• Work closely with the CFO CUO and President when it comes to meeting with Corporate Headquarters to report quarterly results.
• Support the development of new products and benefits by using actuarially sound principles.
• Review and evaluate loss experience for market segments and lines of business; and make rating product and market focus recommendations as needed. Prepare periodic forecasts and the annual budget for premium revenues and claims costs.
• Develop monthly & quarterly actuarial reports considering historical trends and current events. Prepare any analyses needed to explain unusual variations and direct the implementation monitoring updating and adjustment of administrative charge formulas.
• Present Executive Staff with an update on actual expenses versus formula expenses by line of business and ensure the company complies with federal rating and underwriting laws and regulations.
• Establish division objectives that support company goals and produce regular status reports.
• Prepare an operating budget that reflects the forecasted needs of the department and control expenditures to assure adherence to approved budgets.
• Ensure effective workflows improve system efficiencies lead quality performance measures and confirm appropriate completion of work assignments.
• Initiate personnel actions such as hiring disciplinary termination and salary recommendations.
• Participate in training mentoring and motivation of employees including career path development. Assess individual employee performance and conduct timely performance appraisals.
• Promote teamwork discussion and cooperation among staff and with other department by ensuring timely communication and sharing of information with team members.
• Work with staff to resolve work-related issues and concerns. Promote a respectful and diverse workplace.
• Develop and maintain departmental policies and procedures

Edge operates in a fast-paced environment that requires the ability to manage multiple complex assignments and competing priorities. Candidates must be comfortable working in an ambiguous and dynamic environment.

• Bachelors Degree in Mathematics Actuarial Sciences or other related field; or equivalent work experience.
• 8 to 10 years of experience in the professional/ commercial actuarial field to include management experience.
• Fellow Casualty Actuarial Society
• Member American Academy of Actuaries is preferred

Please note: Berkley Edge is open to relocating talent for this opening to help with the move we will offer some relocation assistance to the Tampa FL area.

W. R. Berkley Corporationis establishing a new operating unitBerkley Edge.

Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge will focus on small to mid-sized risks through a wholesale only distribution model.

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 have been listed on the New York Stock Exchange seen our revenue soar well past $10 billion and become a well-respected Fortune 500 Company.

Position Summary:

The VP Chief Actuary will report to the President of the Company and is responsible for directing the Actuarial department in both reserving and pricing for the organization and contributing to the overall strategic direction of the company as part of the Executive Team. The Chief Actuary will ensure favorable corporate financial results by performing actuarial and underwriting analysis determining rates for all lines of business and recommend actuarial and underwriting policy. This role will provide input on company policies particularly in the area of risk assumption and provide actuarial assistance on legislative/regulatory matters affecting the company.

Key Functions/Duties of Position:

Provide management support to the Actuarial department and develop plans for meeting company objectives. Assure that a well-trained staff and other resources are available to accomplish plans.

Work closely with the CFO CUO and President when it comes to meeting with Corporate Headquarters to report quarterly results.

Support the development of new products and benefits by using actuarially sound principles.

Review and evaluate loss experience for market segments and lines of business; and make rating product and market focus recommendations as needed. Prepare periodic forecasts and the annual budget for premium revenues and claims costs.

Develop monthly & quarterly actuarial reports considering historical trends and current events. Prepare any analyses needed to explain unusual variations and direct the implementation monitoring updating and adjustment of administrative charge formulas.

Present Executive Staff with an update on actual expenses versus formula expenses by line of business and ensure the company complies with federal rating and underwriting laws and regulations.

Establish division objectives that support company goals and produce regular status reports.

Prepare an operating budget that reflects the forecasted needs of the department and control expenditures to assure adherence to approved budgets.

Ensure effective workflows improve system efficiencies lead quality performance measures and confirm appropriate completion of work assignments.

Initiate personnel actions such as hiring disciplinary termination and salary recommendations.

Participate in training mentoring and motivation of employees including career path development. Assess individual employee performance and conduct timely performance appraisals.

Promote teamwork discussion and cooperation among staff and with other department by ensuring timely communication and sharing of information with team members.

Work with staff to resolve work-related issues and concerns. Promote a respectful and diverse workplace.

Develop and maintain departmental policies and procedures.

Qualifications and Education:

Working Conditions and Requirements

• Office Setting Sitting for extended periods of time No specific physical requirements. Occasional travel may be required.