Senior Actuarial Analyst

Berkshire-Hathaway-Direct-Insurance-Company; Stamford (CT); On-site; USD 100,000 - 150,000; Full time

Job summary

Berkshire Hathaway Direct Insurance Company seeks an actuarial analyst to support pricing, business analysis and product development. You will serve as a technical resource for rating and policy administration systems across assigned lines of business.

The role requires a math or related degree, SQL experience, and actuarial exam progress; knowledge of E&O insurance is a plus. Expect a fast-paced, collaborative environment with exposure to multiple areas of the organization.

Qualifications

• Bachelor's degree in mathematics or related field or equivalent experience.
• Good spreadsheet software proficiency.
• Excellent oral and written communication.
• Proofreading.
• Knowledge of SQL preferred; Python a plus.
• 2–5 years related work experience preferred.
• 2+ passed actuarial exams preferred.
• Experience with E&O insurance a plus.

Responsibilities

• Designs and/or initiates analyses, compiles data and computes statistics for use in statistical rating studies.
• Applies advanced levels of knowledge of mathematics, statistics, principles of finance and business to casualty insurance problems.
• Develops methods of tracking rate history experience and other data to study rate level indications.
• Initiates analyses and proposes changes in rate levels and rating structures based on analyses.
• Prepare and present quarterly results to senior management.
• Revises company rate manual pages and cost components for statistical studies.
• Compiles exhibits, explanations and statistical analyses for rate filings and manual pages.
• Oversees actuarial filing submissions and answers inquiries from Insurance Departments.
• Researches and communicates state law requirements affecting coverages.

Skills

Spreadsheet software

SQL

Python familiarity

Communication skills

Proofreading

Actuarial exams

E&O insurance knowledge

Education

Bachelor’s degree in mathematics or related field

Equivalent experience

Job description

Description

\"The Berkshire Hathaway Group of Insurance Companies is looking for an actuarial analyst to support functions across various Insurtech initiatives. This person will be part of a small, fast-paced team and gain exposure to many parts of the company. The ideal candidate will be able to juggle multiple priorities with accuracy and have an entrepreneurial spirit. They will support Pricing, Business Analysis and Product Development units and serve as a technical resource in the development and testing of rating and policy administration systems for assigned lines of business.

Job Responsibilities

• Designs and/or initiates analyses, compiles data and computes statistics for use in statistical rating studies. Compilations may require downloading and manipulating data from mainframe, vendor, and company developed software application databases.


• Applies advanced levels of knowledge of mathematics, statistics, principles of finance and business to casualty insurance problems.


• Develops methods of tracking rate history experience, statistical information, etc. from company data and other industry sources to study rate level indications in states and nationwide as initiated by the individual or management.


• Initiates analyses and proposes changes in rate levels and rating structures based on statistical analyses, company experience, competition, market conditions, legal climate and underwriting practices to management and underwriting.


• Prepare and present quarterly results to senior management


• Revises company rate manual pages according to decisions of management and underwriting recommending appropriate cost components for use in statistical studies such as loss development factors, trend factors increased limit factors, expense loads, etc.


• Compiles exhibits, explanations, justifications and statistical analysis for the submission of company rate filings, state filing forms and manual pages to the Insurance Departments.


• Oversees actuarial filing submissions, answers routine questions and otherwise assists in answering more difficult inquiries from Insurance Departments regarding submission, such as actuarial justification of filed rates, etc.


• Researches, interprets, and communicates state law requirements affecting coverages. Submits complex issues to manager and/or actuarial or regulatory personnel for review.


• Performs related duties as directed or as situation dictates such as special actuarial projects, monitoring regulatory and legislative activities affecting filing requirements, reviewing materials such as industry organization journals, material received from service organizations, insurance departments, etc.

Qualifications

• Bachelor’s degree in mathematics or related field or equivalent experience


• Personal computer-related spreadsheet software


• Excellent oral and written communication


• Proofreading


• Experience with SQL preferred. Familiarity with Python an advantage


• 2-5 years related work experience preferred


• 2+ passed actuarial exams preferred


• Experience with E&O insurance a plus

About Us

biBerk is where commercial insurance buyers can obtain coverage for their businesses from insurers of the Berkshire Hathaway group of Insurance Companies, one of the best capitalized insurance groups in the world. Our ultimate parent, Berkshire Hathaway Inc. (berkshirehathaway.com) is a holding company with diversified interests in a host of industries, including insurance, energy, transportation and manufacturing. Most policies issued through biBerk.com will be underwritten by Berkshire Hathaway Direct Insurance Company (\"BHDIC\"), which is an AM Best rated A++ insurer.

BHDIC is domiciled in Omaha, Nebraska. BHDIC and the team at biBerk are focused on helping small business owners quickly and easily buy affordable insurance directly from a financially strong insurance company they can trust.

BHDIC is excited to announce our comprehensive benefits package with some new and enhanced features for 2026 that include:

• Medical (PPO/HDHP), vision, disability, and life insurance.


• Enhanced dental plan with orthodontia coverage in addition to a standard plan.


• Generous PTO plan for all benefit-time eligible employees.


• Paid company holidays and 4 floating holidays.


• Paid parental leave.


• Employee Retirement Savings Plan/401(k) with company match and immediate vesting.


• Education Assistance Program that offers 100% upfront tuition reimbursement after 6 months of service for approved degree programs.


• Service Recognition Program that provides a monetary award to be used toward a vacation every 5 years of employment.


• Wellness Initiatives that include Fitness Center and Weight Watchers Reimbursement programs.


• Voluntary benefits that include accident, critical illness, and hospital indemnity.


• Employee discount and rewards program on travel, tickets, electronics, home, and more.

In accordance with pay transparency laws and regulations, the following good faith compensation range estimate is being provided. The salary range for this position is $100,000 to $150,000 per year. Final compensation will be based on candidate qualifications, geographic location, and other considerations permitted by law.