Berkley Public Entity (a Berkley Company) · 16 hours ago
Lead Pricing Actuary
Morristown, NJ
Full-time
Onsite
Senior Level
$160K/yr - $175K/yr
5+ years expBerkley Public Entity is a growing, dynamic company focused on providing innovative insurance and reinsurance solutions to public entities. The Lead Pricing Actuary supports the Chief Actuary by performing pricing analyses, monitoring key business metrics, and managing data needs for developing proprietary rates while mentoring analysts in pricing workflow.
ConsultingInsuranceRisk Management
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
Required
Bachelor's Degree required, preferably in Mathematics or Actuarial Science
Minimum of 5-7 years of experience in the Property/Casualty Insurance industry
Member of the Casualty Actuarial Society
ACAS designation required
Effective communication skills, both verbal and writing
Strong research and analytical skills
Proficiency with MS Office Suite; knowledge of SQL language
Preferred
Public Entity sector experience preferred
Primary focus on the Pricing Practice area preferred
Knowledge of R, Python, etc. is a plus
Benefits
Health
Dental
Vision
Life
Disability
Wellness
Paid Time Off
401(k)
Profit-Sharing plans
Company
Berkley Public Entity (a Berkley Company)
Berkley Public Entity is exclusively focused on tailoring liability coverages that meet the unique needs of cities, counties, schools, community colleges, transit districts, special districts, and public utilities.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Scott Barraclough
CEO
Company data provided by crunchbase