Actuarial Analyst

Verus Specialty Insurance (a Berkley Company); Glen Allen (VA); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Health benefits

Dental benefits

Vision benefits

Life Insurance

Disability Insurance

Wellness program

401(k) and Profit‑Sharing

Job summary

Verus Specialty Insurance, a Berkley company, is seeking a Senior Actuarial Analyst to analyze data, develop rating methodologies, and support underwriting profitability. The role involves data analysis, SQL/VBA tooling, and cross‑functional collaboration to drive performance.

Primary location is Scottsdale, AZ, with additional sites in Englewood, CO or Glen Allen, VA. Occasional travel may be required. Sponsorship is not offered for this role.

Qualifications

• Bachelor’s degree in a related field.
• 2+ years of experience in a data‑related role with working knowledge of information systems.
• Minimum of 4 exams passed toward ACAS/FCAS designation offered by the Casualty Actuarial Society.
• Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
• Strong knowledge of VBA.
• Strong knowledge of SQL.
• Knowledge of the insurance industry and IT systems.
• Preferred: intermediate knowledge of Power BI.
• Preferred: intermediate knowledge of R and Python.
• Ability to adapt to changing priorities and environments.
• Strong problem‑solving and communication skills.
• Strong organization skills with ability to multitask and prioritize multiple tasks at once.
• Ability to travel on an occasional basis.
• Reasonable, regular, and predictable attendance.

Responsibilities

• Analyze internal and external data to adapt and develop intermediate rating methodologies for existing company products.
• Use intermediate techniques to incorporate new variables to gain competitive advantage and improve underwriting results.
• Utilize intermediate loss development and other methods to participate in determining incurred but not reported (IBNR) reserve estimates for profitability analyses.
• Produce regular monthly reports and analyses used in the financial close process and to improve underwriting results.
• Represent the needs of the actuarial department on cross‑functional projects.
• Continuously seek to improve current reporting and actuarial processes.
• Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines.

Skills

Data analysis

SQL

VBA

MS Office

Power BI

Python

R

Communication

Time management

Education

Bachelor’s degree in a related field

Tools

SQL

VBA

Excel

Power BI

Python

R

Job description

Company Details

At Verus Specialty Insurance, a proud member of the esteemed W.R. Berkley Corporation (NYSE: WRB), we stand as a leading Excess and Surplus Lines provider delivering comprehensive solutions across the United States. Backed by the formidable strength of a Fortune 500 titan and operating with the agility of a nimble startup, we blend the best of both worlds to foster innovation and excellence in everything we do.

Our nationwide operations are supported by a robust network of select wholesale producers, ensuring that our reach and capabilities are always close at hand. We are driven by a forward‑thinking leadership that champions a dynamic culture where questioning the norm is not just welcomed but expected. This ethos empowers our team to consistently surpass customer expectations and drive the industry forward.

At Verus, we are more than just a company; we are a community that thrives on collaboration, growth, and taking ownership of our actions. We are constantly on the lookout for exceptional talent who are eager to contribute, innovate, and grow with us. If you are passionate about making a mark in the insurance industry and align with our vision, we eagerly await your application. Join us and be a part of a team where your contributions are valued, and your potential fully realized!

The Company is an equal employment opportunity employer.

Responsibilities

• Analyze internal and external data to adapt and develop intermediate rating methodologies for existing company products.
• Use intermediate techniques to incorporate new variables to gain competitive advantage and improve underwriting results.
• Utilize intermediate loss development and other methods to participate in determining incurred but not reported (IBNR) reserve estimates for profitability analyses.
• Produce regular monthly reports and analyses used in the financial close process and to improve underwriting results.
• Represent the needs of the actuarial department on cross‑functional projects.
• Continuously seek to improve current reporting and actuarial processes.
• Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines.

Qualifications

• Bachelor’s degree in a related field (mathematics, business, finance, technical).
• 2+ years of experience in a data‑related role with working knowledge of information systems.
• Minimum of 4 exams passed toward ACAS/FCAS designation offered by the Casualty Actuarial Society.
• Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
• Strong knowledge of VBA.
• Strong knowledge of SQL.
• Knowledge of the insurance industry and IT systems.
• Preferred: intermediate knowledge of Power BI.
• Preferred: intermediate knowledge of R and Python.
• Ability to adapt to changing priorities and environments.
• Strong problem‑solving and communication skills.
• Strong organization skills with ability to multitask and prioritize multiple tasks at once.
• Ability to work outside normal work schedule to fulfill responsibilities.
• Ability to travel on an occasional basis.
• Reasonable, regular, and predictable attendance.

Compensation and Benefits

• Senior Actuarial Analyst: $110K - $150K
• Actuarial Analyst II: $90K - $110K
• Actuarial Analyst I: $70K - $90K

Benefits include Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit‑Sharing plans.

Eligible to participate in the annual discretionary bonus program.

Location and Travel

• Primary location: Scottsdale, AZ (also Englewood, CO or Glen Allen, VA).
• Occasional travel required.

Sponsorship

Sponsorship not offered for this role.