Actuarial Director

Responsibilities

• Aid the Actuarial department in providing a full range of responsibilities necessary for the company to achieve its overall goals.
• Assist in organizing and performing modeling and actuarial analysis using WR Berkley systems and procedures to support pricing, reserving, predictive modeling, and forecasting processes.
• Build actuarial and other predictive models using proprietary client data and analytics.
• Perform complex multivariate pricing analysis; build complex models using generalized linear modeling and related techniques; leverage theoretical understanding and apply practical adjustments to extreme value profitability distributions.
• Use these models in predictive modeling applications.
• Prepare model data using pricing and general data warehouses and by combining data from internal systems with data from external sources.
• Cross-check data using actuarial reports, pricing and reserving data repositories; examine data and model results with respect to consistency with product features and business goals; evaluate, verify and validate model stability.
• Prepare data for predictive models and reports involving predictive model outputs; correlate data with other business reports and evaluate model performance in comparison with business expectations.
• Maintain close contact with internal and external customers and supervisor for oversight of data validity, data cleansing, and for obtaining business insight to help with building predictive models; actively seek out peer review input from supervisor, immediate team and others within WRBC and incorporate it into final work product.
• Ad-hoc analysis and support for special projects as needed.

Qualifications

• Bachelor’s degree
• FCAS license needed
• Min of 5 years in P&C commercial lines insurance pricing and quantitative modeling
• Deep experience in commercial auto line of business, particularly trucking
• Experience building price elasticity models
• Proven analytical and problem-solving skills required; detail oriented
• Excellent communication and collaboration skills required
• Strong time management and organizational skills

Benefits

• Base Salary Range: $150,000 - $204,000
• Eligible to participate in annual discretionary bonus.
• Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off
• 401(k) and Profit-Sharing plans.