Associate Actuarial Consultant - Commercial Property

Verisk Careers | Verisk; Jersey City (NJ); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Verisk is seeking an Associate Actuarial Consultant to join its Commercial Property Actuarial Product team, a high-visibility group shaping pricing solutions across Commercial Property, Inland Marine, Equipment Breakdown and related lines. The role emphasizes collaboration with team directors, guiding analysis, and communicating results to senior management and customers.

You will perform actuarial analyses of rating factors and loss costs, develop new factors, support filings, and collaborate

Job description

We are seeking an Associate Actuarial Consultant to join our Commercial Property Actuarial Product team, a highly visible group responsible for shaping and innovating pricing solutions across Commercial Property, Commercial Inland Marine, Equipment Breakdown, and related specialty property lines.This is an opportunity to play a meaningful role in the development of actuarial products that address new and emerging insurance risks, influence market-leading pricing strategies, and support customers in managing increasingly complex exposures. Our team blends deep actuarial expertise with strong business partnership and customer focus to deliver solutions that are both technically sound and commercially relevant.

The successful candidate for this role is expected to initiate proposals and work closely together with team members to identify and solve complex actuarial problems. Given a project, they will be able to guide the solution together with the team directors, manage other team members' work product to support the solution, as well as produce their own work product to support the solution, all while following actuarial standards of practice. They will work on high-profile projects and be able to justify and explain the solution and resulting work product to senior management, customers, and insurance departments.

This actuarial product development role will focus on guiding and performing actuarial analyses of both current rating factors and loss costs as well as creation of new rating factors and loss costs to support updates to Commercial Property and other lines. A solid understanding of basic ratemaking and proficiency in data analysis are required. Additional requirements include but are not limited to analyzing data and making recommendations, providing actuarially sound justification for selections, assumptions and conclusions, and documenting the work product. Supporting the product through the filing process is expected. This role will require frequent communication with many of the functional areas of the ISO Underwriting organization.