Actuary-Property & Casualty
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Naperville, IL 60540
At Berkley Program Specialists, we are dedicated exclusively to program business and excel at partnering with program administrators who possess significant underwriting expertise for homogeneous, niche classes of business. We enjoy the strength and stability that comes with being a Berkley Company and underwrite our programs through our member insurance companies, which are A+ (Superior), Financial Size Category XV, by A.M. Best.
The Program Actuary provides pricing and reserving support for Berkley Program Specialist’s diverse book of programs. This includes program pricing reviews, rate monitoring, in depth business reviews and rate filings. This position will also be involved with the vetting of new business opportunities. The Program Actuary position works closely with the Underwriting, Claims, Finance and IT departments to help set the strategy for each program with an eye towards optimal growth and profitability.
+ Profitability reviews of each program. Includes full financial view of losses, expenses and ROE.
+ Strategic partnership with Underwriting, Claims, Finance and IT departments for the programs
+ Monthly monitoring of rate change and claim statistics
+ Program rate filings (where necessary)
+ Pricing analyses & due diligence for new business opportunities
+ Quarterly reserving support
+ Typically a minimum of 4+ years of property/casualty actuarial experience
+ ACAS or near- ACAS
+ Excellent interpersonal, communication and presentation skills
+ Strong financial, analytical and problem solving skills with the ability to translate findings in a fashion that will help inform business decisions
+ Requires Strong technical skills with Excel and SQL
+ Prefer VBA experience
+ Prefer Reinsurance pricing experience
+ Prefer Predictive modeling capabilities
Job ID: 2019-3055
Street: 1250 E Diehl Road