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Berkley Mid-Atlantic Group | a W. R. Berkley Company

POSITION

Actuary

LOCATION

Richmond, VA

DEPARTMENT

Actuarial Services

POSITION REPORTS TO

Chief Actuary

 

COMPANY SUMMARY

Berkley Mid-Atlantic Group (BMAG) is a property & casualty insurance carrier serving the Mid-Atlantic, a member of W.R. Berkley Corporation (NYSE: WRB), one of the largest property casualty insurance holding companies in the United States.  We are backed by the strength of a large fortune 500 corporation and operate with the closeness and flexibility of a small company. We exclusively work with select independent agents to insure the future of business.

Our leadership encourages a culture that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers.  We believe our strength comes from building an exceptional team that embraces collaboration, growth and ownership.  We currently have an opening for an Actuary for our corporate office located in Glen Allen, VA.    If you share our vision and want to work for an organization that values your contributions, we want to hear from you.


POSITION SUMMARY

Work independently to obtain and organize data and perform advanced actuarial analysis to support pricing, reserving, and forecasting processes and effectively communicate with business leaders to support data-guided business solutions.


RESPONSIBILITIES

  • Work independently to obtain and organize data from various sources.
  • Perform advanced actuarial analyses, inclusive of advanced analytics and modeling, resulting in suggestions for actions
  • Translate the needs of business leaders into insightful exhibits, analyses, and/or tools.
  • Mentor and train others in the department
  • Lead processes for the department such as Rate Reviews, Financial Close, Modeling Project, Budget, Price Monitoring, etc.
  • Support the quarterly close with loss reserve analyses and financial reporting requirements. 
  • Assist Underwriting in identifying segments with profitable growth potential; identify underperforming segments and propose corrective actions to improve profitability.
  • Provide assistance in the development of rating methodologies concerning both existing and new company products.
  • In all aspects, share the results of the actuarial analysis with non-actuarial peers and executives through effective verbal and written communication and effective exhibits.

REQUIRED QUALIFICATIONS

  • Bachelor’s degree in actuarial science, mathematics, economics, statistics, or any related field.
  • At least five years of Property/Casualty actuarial work, Commercial Lines Pricing experience preferred.
  • ACAS designation
  • Excellent knowledge of spreadsheet software, Excel preferred.
  • Ability to extract and manipulate data in relational databases, SQL preferred.
  • Practical experience using statistical techniques to build predictive models to address underwriting or claim issues.  

Interested applicants should forward a resume to: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Berkley Mid-Atlantic Group… Insuring the Future of Business®

Delaware • Kentucky • Maryland • New Jersey  • Ohio • Pennsylvania • Virginia • Washington D.C. • West Virginia

Home Careers Actuary, Richmond, VA

Find An Office Near You

1

Home Office / Capital Region, Glen Allen, VA

P: (800) 283-1153, Mail: info@wrbmag.com.
2

Ohio Office, Columbus, OH

P: (800) 283-1153, Mail: info@wrbmag.com
3

Pittsburgh Office, Sewickley, PA

P: (800) 283-1153, Mail: info@wrbmag.com
4

Harrisburg Office, Harrisburg, PA

P: (800) 283-1153, Mail: info@wrbmag.com