Actuarial Reserving Director

Company Details

Berkley Mid-Atlantic Insurance Group is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500.

W. R. Berkley Corporation's insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong) by Standard & Poor's. Berkley's competitive advantage lies in its long-term strategy of decentralized operations. This structure provides each Berkley business the agility of a small business and the strength and resources of a Fortune 500 organization, as well as the financial accountability and incentives to attract and retain the highest-caliber professionals.

Berkley Mid-Atlantic Insurance Group works with a small and select number of appointed agents to deliver customized coverage for our clients' unique insurance needs. We focus on small and middle market commercial accounts within the Service, Manufacturing, Retail, Construction, Wholesale, Finance and Real Estate industries.

Company URL: https://www.wrbmag.com/

The company is an equal opportunity employer.

Responsibilities

The Actuarial Reserving Director will support the actuarial function and other internal constituencies by performing actuarial analysis and delivering insights to support the company's objectives. Main responsibilities include and are not limited to:

• Perform quarterly reserve reviews. This will include analysis of historical loss development, claim frequency, severity, and actual vs. expected loss emergence.

• Lead monthly and quarterly close activities.

• Lead research and development projects, including performing in-depth analyses of strategic areas of interest, developing new reporting tools and new analytics solutions.

• Interact with stakeholders across diverse functions and with diverse skillsets to define problems, propose solutions, address questions, incorporate feedback and subject matter expertise, and iterate towards a final work product. Interpret the output of analysis to determine business implications and present results to non-technical stakeholders verbally and in writing.

• Support transition from legacy systems to newly developed data solutions by collaborating with the data development team.

Qualifications

• Bachelor's degree or MS in mathematics, statistics, actuarial science, economics or equivalent.

• ACAS or FCAS designations.

• 7+ years of actuarial experience, preferably in commercial lines.

• Proficiency in Microsoft Excel and in programming languages like SQL, R, and/or Python.

• Ability to communicate clearly and with purpose.

• High level of integrity, with a strong sense of urgency and results-orientation.

• Natural curiosity and a love for learning.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting 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 Responsibilities The Actuarial Reserving Director will support the actuarial function and other internal constituencies by performing actuarial analysis and delivering insights to support the company's objectives. Main responsibilities include and are not limited to: - Perform quarterly reserve reviews. This will include analysis of historical loss development, claim frequency, severity, and actual vs. expected loss emergence.

• Lead monthly and quarterly close activities.

• Lead research and development projects, including performing in-depth analyses of strategic areas of interest, developing new reporting tools and new analytics solutions.

• Interact with stakeholders across diverse functions and with diverse skillsets to define problems, propose solutions, address questions, incorporate feedback and subject matter expertise, and iterate towards a final work product. Interpret the output of analysis to determine business implications and present results to non-technical stakeholders verbally and in writing.

• Support transition from legacy systems to newly developed data solutions by collaborating with the data development team.