Lead Actuary

W.R. Berkley Corporation Wilmington , DE 19801

Posted 2 months ago

Company Details

As a member of the Berkley Small Business Solutions team, the lead actuary will collaborate with other functional areas to guide the profitable growth of the company. The role will involve a mix of reserving and ratemaking.


ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

  • Creates accurate and dependable financial reporting for the organization which adequately reflects the financial condition of the company.

  • Assists with determination of loss and loss adjustment expense Incurred but Not Reported ("IBNR") reserves for all lines of insurance.

  • Conducts rate review, ratemaking, rate adequacy and price monitoring processes to achieve profitability and growth targets.

  • Collaborate with the data science team to integrate predictive modeling into the ratemaking process

  • Performs data, statistical and trend analysis.

  • Delivers the actuarial perspective and spreads the analytical mindset in a credible manner.

  • Collaborates on the long-range planning and forecasting of the company to maximize company performance over time.

  • Prepares state rate, rule and product filings.


  • Requires an ACAS or (FCAS)

  • Requires a graduate degree in Actuarial Science, Mathematics, Statistics or related field

  • Requires at least 7 to 12 years of experience working experience in the P&C insurance industry

  • Requires at least 5 years of small commercial business experience

  • Requires at least 5 years of reserving and or pricing experience

  • Strongly prefers experience in building and maintaining models working in R or Python

  • Proven analytical, quantitative, and communication skills

  • Experience pulling, managing, and cleansing data

  • It is preferable for an applicant to have people-management background.

  • Team Player ability to work effectively with cross-functional teams to gather inputs and align objectives and recommendations through quantitative analysis

  • Have reinsurance experience, pricing experience, and insurance risk management exposure

  • Have extensive experience building pricing models using external and industry data

  • Have extensive experience building sophisticated mathematical and statistical models, with a demonstrable history of successful implementation (preferably with Bayesian modeling or machine learning experience)

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Actuary Model Validation

Metlife, Inc.

Posted 4 weeks ago

VIEW JOBS 3/23/2019 12:00:00 AM 2019-06-21T00:00 Job Location: United States : Delaware : Wilmington     Role Value Proposition:  As part of Global Risk Management, the Actuary of Model Validation will be a key team member in supporting validation of models used throughout the Global Enterprise and include those used in Financial Reporting, Cash Flow Testing, Pricing, Asset-Liability Management, Economic Capital and Hedging. The Actuary will report to the Assistant Vice President of the Enterprise Model Validation.   Key Responsibilities: * Build independent challenger models. * Assess the conceptual and theoretical soundness of each model based on mathematical, actuarial and finance theories. * Evaluate the appropriateness of assumptions, data sources and reliability of inputs. * Test model output through back testing, sensitivity analysis, stress testing or other analysis as applicable. * Assist in writing and reviewing validation reports illustrating the relevant results of theoretical review and testing, calling attention to areas of concern, and/or uncertainty. * Monitor findings, recommendations and management action plans resulting from validation reports, ensuring actions taken appropriately to address concerns. * Review and challenge annual model risk assessments. * Prepare metrics reporting as necessary.   Essential Business Experience and Technical Skills: Required: * Bachelor's degree in mathematics, statistics, actuarial science, finance, investment and securities and investment management. * 5+ years’ experience working in the insurance industry. * ASA or FSA designation. * Prior modeling experience and knowledge of programming languages. * Excellent verbal and written communication skills. * Ability to complete assignments with attention to details within established time frames.   Preferred: * FSA preferred. * Graduate degree in Mathematics or Physics. * Competency in high level programming languages such as C++. * Strong financial engineering background with experience in derivatives. * Knowledge in asset and liability modeling.   Business Category Global Risk Management – Model Risk Management   Number of Openings 1   At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers. MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law. MetLife maintains a drug-free workplace. For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job. Requisition #: 108175 Metlife, Inc. Wilmington DE

Lead Actuary

W.R. Berkley Corporation