Life Science Actuarial Assistant

Berkley Small Business Solutions (a Berkley Company); Ewing Township (NJ); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Competitive compensation

Robust benefits package

Job summary

Berkley Life Sciences seeks a motivated Actuarial Trainee for an entry-level opportunity in Ewing, NJ. You will gain actuarial experience under the Chief Actuary, collaborate with underwriting, claims, and finance, and contribute to pricing, reserving, forecasting and strategic decision-making.

Ideal candidates hold a bachelor’s degree in a quantitative field, have completed at least one actuarial exam, and possess Python/R/SQL programming experience along with strong Excel skills and effective

Qualifications

• Bachelor’s degree with coursework in actuarial science or related quantitative field.
• Programming experience in Python, R or SQL is required.
• Microsoft Excel proficiency is expected.
• Successful completion of at least one actuarial exam.
• Strong analytical, problem-solving and communication skills.

Responsibilities

• Work with Chief Actuary on pricing, reserving, risk analysis, forecasting and strategic decisions.
• Develop tools and scripts to improve actuarial processes and outputs.
• Maintain and improve actuarial models for pricing and reserving.
• Prepare exhibits and reports for stakeholders.
• Conduct market research and competitor rate analyses.
• Document work clearly and communicate findings across teams.

Skills

Python

R

SQL

Excel

Analytical thinking

Communication

Education

Bachelor’s degree in actuarial science, mathematics, statistics, economics, data science, or related field

Tools

Excel

Job description

Company Details

W. R. Berkley Corporation is a Fortune 500 Company, listed on the New York Stock Exchange. The Company is made up of dedicated and passionate people committed to delivering the highest quality insurance products and services to specialized markets worldwide.

Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the life science marketplace. You will join a highly respected team of experienced, successful professionals with deep expertise in this market as they build the company of the future.

At Berkley Life Sciences, we insure the future of life science innovators today. We do so by serving as a preferred market for the life science industry around the globe, offering a broad range of sophisticated property & casualty products and services designed to meet our customers’ individualized needs.

Berkley Life Sciences professionals cohesively respond to the unique challenges faced by our life science customers. We are seeking a motivated and detail-oriented Actuarial Trainee to join our team in Ewing, NJ.

Responsibilities

This full-time, regular entry-level position provides hands-on actuarial experience and structured professional development, including actuarial exam support. The Actuarial Trainee will work alongside the Chief Actuary and collaborate with business partners on projects supporting pricing, reserving, risk analysis, forecasting, and strategic decision-making.

Under the direction of the Chief Actuary:

• Work closely with underwriting, claims, and finance professionals to understand business needs and provide data-driven insights that support the profitable growth of the company.
• Build and enhance tools and scripts to increase the efficiency and business impact of actuarial processes.
• Maintain, improve, and develop actuarial models for pricing, reserving, and forecasting.
• Update and refine profitability reviews for the company’s book of business.
• Collect, validate, clean, and analyze policy and claim data.
• Prepare exhibits, reports, and presentations for stakeholders inside and outside of Berkley Life Sciences.
• Perform competitor rate comparisons and market research.
• Document work clearly and communicate findings to actuarial and business partners.
• Support additional actuarial analyses and projects as assigned

Qualifications

• Bachelor’s degree from an accredited four-year institution with significant coursework in actuarial science, mathematics, statistics, economics, data science, or a related quantitative field, completed or expected before the start date.
• Coursework or project experience using a programming language such as Python, R, or SQL.
• Experience with Microsoft Excel.
• Successful completion of at least one actuarial exam.

• Strong analytical and problem-solving skills with careful attention to detail.

• Exceptional oral and written communication skills, with the ability to communicate clearly and with purpose.

• Excellent organization, integrity, accountability, and follow-through.

• Ability to manage priorities, meet deadlines, and remain calm under pressure.

• Natural curiosity and a desire to learn how the business works and identify innovative improvements.

• Ability to work collaboratively with colleagues across functions and at all levels of the organization.

• Interest in building a long-term career in actuarial science and the property and casualty insurance industry.

Additional Company Details

The company is an equal employment opportunity employer.

Additional Requirements

The company offers a competitive compensation plan and robust benefits package for full-time regular employees which for this role includes: Base Salary: $80,000-90,0000 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.

Sponsorship Details

Sponsorship not Offered for this Role