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Acadia Insurance (a Berkley Company) · 3 months ago

Lead Pricing Actuary

NJ, Morristown

Full-time

Onsite

Senior Level

$160K/yr - $175K/yr

5+ years exp

Acadia Insurance, a member of W.R. Berkley Corporation, is a dynamic company focused on providing innovative insurance and reinsurance solutions to public entities. The Lead Pricing Actuary will support the Chief Actuary by performing class reviews, analyzing benchmark rates, and working with the Underwriting and Claims Department on trends and metrics.

Commercial InsuranceInsurance

No H1B

Responsibilities

Assists in the monitoring/analysis of key strategic business metrics for claims, underwriting, and management

Performs pricing analyses for large accounts and works with Underwriting to determine appropriate premium, structure, rate need, etc

Prepares pricing studies / rate reviews for the development of proprietary loss costs and severity curves

Prepares special studies as needed (rate indications, rate of return, large loss analysis, frequency & severity trends)

Coach and mentor 1 to 2 analysts as it pertains to pricing workflow/projects consisting of: guidance for workflow, prioritization of pricing projects, and providing overall leadership for BPE’s complex pricing needs

Interface with underwriting and product development on issues related to BPE pricing models, pricing tools and new products

Assists the Finance Department in pricing/price monitoring issues

Assists the Chief Actuary in the planning/budget process preparation

Manages data needs for developing proprietary rates

Qualification

Pricing PracticeProperty/Casualty InsuranceCasualty Actuarial SocietyACAS designationResearchAnalytical SkillsSQLMS Office SuiteRPythonEffective CommunicationMentoring Skills