Actuarial Analyst
West Hartford, CT - USA
Job Summary
Company Details
Berkley Small Business Solutions (BSB)is committed to providing small business customers with the next generation of small business solutions including offering operational underwriting and marketing opportunities. We offer insurance products to Small Business Owners for transportation and other main street businesses. We leverage underwriting expertise data and analytics and automation for risk assessment selection pricing retention. We champion our customers distribution always seeking a smarter way to provide a more efficient and better user experience.
We are a proud member of W. R. Berkley Corporation one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500 corporation and the flexibility of a small company we exclusively work with select independent agents to bring technology solutions that help them build their business.
Responsibilities
The Actuarial Analyst will support pricing underwriting and strategic initiatives for small commercial Property & Casualty insurance products. This role blends traditional actuarial analysis with modern data science programming and AI-enabled techniques. The analyst will work closely with actuarial underwriting product claims and technology teams to drive insight improve risk selection and enhance pricing sophistication.
- Perform actuarial analyses supporting pricing profitability and portfolio management for small-commercial P&C products.
- Analyze loss experience trends and rate adequacy using internal and external data sources.
- Develop andmaintainrating indications segmentation analyses and predictive models whereappropriate.
- Partner with underwriting and product teams to evaluate coverage limits deductibles and pricing structures.
- UtilizePython and related libraries to automate analyses build reproducible workflows and improve analytical efficiency.
- LeverageAI tools and APIs (e.g. large language models data enrichment services) to support research automation and insight generation.
- Assistwith regulatory filings documentation and support materials asrequired.
- Support adhoc actuarial financial and strategic analyses for leadership.
- Contribute to data quality initiatives and collaborate with technology teams on data and analytics architecture.
- Communicate results clearly to both technical and nontechnical stakeholders.
May perform other functions as assigned
Qualifications
- 1-5 years of relevant work experience.
- Progress towards Casualty Actuarial Society designation is a plus.
- Experience or strong interest in small-commercial Property & Casualty insurance.
- Proficiencyin Python for data analysis and automation (e.g. pandasnumpy matplotlib scikit-learn).
- Experience using or integrating AI tools and APIs for analysis automation or decision support.
- Solid understanding of actuarial pricing concepts loss modeling and insurance fundamentals.
- Strong analytical problemsolving and criticalthinking skills.
- Ability to work with large complex datasets from multiple sources.
- Effective written and verbal communication skills; ability to explain technical concepts clearly.
- High levelof attention to detail intellectual curiosity and ownership mindset
Education
Four-year college degree preferably in area of Actuarial Mathematics or Statistics.
Additional Company Details
We do not accept unsolicited resumes from third party recruiting agencies or firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
Base Salary
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.
Additional Requirements
Sponsorship Details
Required Experience:
IC
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.