Associate Actuary

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an Associate Actuary to join our Global Actuarial Team in our Boston, New York, or Chicago offices. We are looking for an individual who has both an ability to excel and an excellence of character. Our culture is innovative and fast-paced, and this position will be the perfect fit for an individual who is intellectually curious, self-motivated and a collaborative team member.

As part of the North American Casualty Team, this teammate will be responsible large account pricing as well as in depth analyses for use in both our experience and exposure rating models. This teammate will have frequent communication with the entire Casualty underwriting team as well as actuaries around the globe and be a significant asset to the overall Team.

Duties & Responsibilities:

• Price individual, large casualty accounts, working closely with underwriting throughout the process.
• Develop and maintain quantitative rating and diagnostic tools to be used by underwriters in pricing individual risks and managing portfolios of business.
• Analyze external claims and exposure data to enhance proprietary pricing factors and models.
• Assess profitability of Casualty portfolio by creating new tools and methods of analysis.
• Research new pricing techniques and enhance existing methods.
• Collaborate with other departments (IT, Claims, Underwriting) in the development of actuarial systems and data as the company continues to grow and evolve.
• Collaborate with offshore resources to improve business processes and increase efficiency.

Qualifications, Skills and Experience:

• ACAS or near-ACAS
• 4+ years of experience in an actuarial role, preferably in commercial insurance.
• Proficiency in SQL, R and VBA strongly preferred.
• Exceptional oral and written communication skills.
• Strong interpersonal skills and the ability to work in a team environment as well as independently.
• Strong desire to learn from and share knowledge with teammates.
• Effective time management, with the ability to juggle multiple projects at the same time.

BHSI Offers:
• A competitive package and exciting growth opportunities for career-oriented teammates
• A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders
• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework

The base salary range for this position in New York is from $130,000.00 to $160,000.00, along with annual bonus eligibility; a candidate’s salary is determined by their relevant skills and experience. We value our teammates – both their capabilities and character – as demonstrated by our amazing culture.

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization