Sr. Actuarial Analyst

Berkley Public Entity (a Berkley Company); Minneapolis (MN); On-site; USD 90,000 - 140,000; Full time

Job summary

An innovative company is seeking a Senior Actuarial Analyst to support strategic pricing and analysis for public entities. This role involves collaborating with underwriting and claims departments to assess trends, conduct pricing analyses, and prepare special studies. The ideal candidate will have a strong background in actuarial science, excellent analytical skills, and experience in the Property/Casualty Insurance industry. Join a dynamic team that values every contribution and offers a competitive compensation package, including health benefits and a robust 401(k) plan. If you are passionate about making a difference in the insurance sector, this opportunity is for you.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Wellness Programs

Paid Time Off

401(k) Plan

Profit-Sharing Plans

Qualifications

• 3+ years of experience in Property/Casualty Insurance.
• Member of the Casualty Actuarial Society.

Responsibilities

• Perform pricing analyses for large accounts.
• Assist in monitoring key business metrics.

Skills

Analytical Skills

Communication Skills

Research Skills

Pricing Analysis

Actuarial Science

Education

Bachelor’s Degree in Mathematics or Actuarial Science

Tools

Microsoft Access

Microsoft SQL Server Reporting Services

Tableau

R

Python

Job description

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Join to apply for the Sr. Actuarial Analyst role at Berkley Public Entity (a Berkley Company)

Company Details

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace. As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities.

Company Details

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace. As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities.

We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important, and every accomplishment makes a difference in our results. Come join us!

The company is an equal opportunity employer.

https://www.berkleypublicentity.com/

Responsibilities

The Senior Actuarial Analyst supports the Chief Actuary by performing specific class reviews, analysis of rate adequacy, working with the Underwriting and Claims Department on trends and metrics, and performing due diligence analysis for updates to various models and new products.

• Assists in the monitoring/analysis of key strategic business metrics for claims, underwriting, and management.
• Performs pricing analyses for large accounts and works with Underwriting to determine appropriate premium, structure, rate need, etc.
• Interface with underwriting and product development on issues related to BPE pricing models, pricing tools and new products.
• Assists the Chief Actuary in pricing/price monitoring issues.
• Assists the Chief Actuary in the planning/budget process preparation.
• Prepares special studies as needed (rate indications, rate of return, large loss analysis, frequency & severity trends).
• Manages data needs for developing proprietary loss costs and severity curves.
  
  

Qualifications

• Bachelor’s Degree required, preferably in Mathematics or Actuarial Science.
• Minimum of three years of experience in the Property/Casualty Insurance industry.
• Minimum of five or more exams completed.
• Public Entity sector experience preferred.
• Primary focus on the Pricing Practice area required.
• Member of the Casualty Actuarial Society.
• Preferred ACAS designation.
• Effective communication skills, both verbal and writing.
• Strong research and analytical skills.
• Understanding of applications and development using Microsoft Access, Microsoft SQL Server Reporting Services, (SQL language a plus). Tableau, R, Python desirable.
  
  

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms.

Benefits

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:

Base Salary Range: $90,000 - 140,000

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.

Eligible to participate in the annual discretionary bonus program

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

Sponsorship Details

Sponsorship not Offered for this Role

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services and Insurance

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