Reserving Actuary

W. R. Berkley Corporation; Lawrenceville (GA); On-site; USD 120,000 - 180,000; Full time

Job summary

Berkley Southeast Insurance Group (BSIG) in Georgia seeks an experienced actuarial professional to support pricing, reserving, and forecasting. You will lead loss ratio forecasting and collaborate across underwriting, analytics, and risk management to drive profitability.

The role requires 7–10 years of P&C actuarial experience and four actuarial exams, with strong Excel, SQL, and Power BI skills. BSIG offers competitive compensation and full benefits for full-time employees.

Qualifications

• Advanced actuarial analysis.
• Data collection, compilation, and interpretation.
• Forecasting and modeling.
• Pricing and reserving methodologies.
• Collaboration and judgment in decision-making.

Responsibilities

• Lead loss ratio forecasting process using research, analysis and judgment.
• Provide support for Rate Reviews, Ratemaking, and Indications by analyzing data on price, exposure, losses and counts.
• Provide regular estimates of adequate loss and expense reserves.
• Assist Underwriting in identifying profitable segments and corrective actions.
• Support advanced analytics and modeling techniques.
• Contribute to enterprise risk management including catastrophe modeling and internal rate of return studies.
• Develop rating methodologies for existing and new products.
• Provide tools and analysis to support pricing decisions for large accounts.

Skills

Actuarial analysis

Data analysis

Forecasting

Pricing & reserving

SQL

Power BI

Excel

Education

Bachelor’s degree in actuarial science, mathematics, economics, applied mathematics, statistics, computer programming, business or any related field

Tools

SQL

Power BI

Excel

Job description

Company Details

Berkley Southeast Insurance Group (BSIG) is a member company of W. R. Berkley Corporation, a Fortune 500 Company, whose insurance company subsidiaries are rated A+(Superior) by A. M. Best Company. BSIG provides local underwriting, risk services, claim, marketing and audit services for agents and policyholders in Alabama, Georgia, Mississippi, South Carolina, North Carolina and Tennessee. We take a broad approach to underwriting for best in class businesses, primarily in construction, light manufacturing, wholesale, distribution and business service industries.

The Company is an equal employment opportunity employer.

www.berkleysoutheast.com

Responsibilities

The primary responsibility is to procure and organize data and perform advanced actuarial analysis to support pricing, reserving, and forecasting processes. This position will take the lead role in the loss ratio forecasting process, using research, analysis, collaboration, and judgment.

Key Functionswill include but not be limited to:

• Provide support for Rate Reviews, Ratemaking, and Actuarial Indications by collecting, compiling and analyzing data on price, exposure, losses, policy, and claim counts pertaining to same
• Provide regular estimates of adequate loss and expense reserves
• Provide support for the company’s planning processes
• Assist Underwriting in identifying segments with profitable growth potential and identify underperforming segments and propose corrective actions to improve profitability
• Provide support for advanced analytics and modeling techniques
• Provide support in enterprise risk management, including support for catastrophe management, economic capital modeling, internal rate of return studies
• Provide assistance in the development of rating methodologies concerning both existing and new company products
• Provide tools and analysis in support of Underwriting’s pricing decisions with respect to large accounts

Qualifications

• 7-10 years of Property & Casualty actuarial work
• The position requires successful completion of at least four actuarial exams
• Excellent knowledge of Excel spreadsheet software. Experience with SQL and Power BI is a plus
• Advanced actuarial analysis
• Data collection, compilation, and interpretation
• Forecasting and modeling
• Collaboration and judgment in decision-making
• Pricing and reserving methodologies
• Risk management and financial analysis
• Proficiency with spreadsheet software and databases

Education

• Bachelor’s degree in actuarial science, mathematics, economics, applied mathematics, statistics, computer programming, business or any related field

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full-time regular employees. 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