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Berkley Re is a specialty P&C reinsurer that provides solutions for insurers with a successful business model built upon specialization in the products they underwrite. Our experienced underwriting staff partners closely with clients to provide innovative reinsurance solutions that support profitable growth and financial stability over time. We are able to leverage deep institutional knowledge built up over 50 years of specialty underwriting and prudent capital management to expertly server out clients’ needs.
The company is an equal employment opportunity employer.
The Senior Pricing Actuarywill mainly focus on Reinsurance Treaty pricing along with exposure to reinsurance reserving, Cat modeling, Facultative reinsurance, ERM and other projects.
Note: reinsurance experience is preferred, but not required. Plus, we will consider various levels of experience (up to VP level); and the offer will be commensurate with experience.
We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!
Key functions include but are not limited to:
- Independently analyze and price reinsurance submissions and provide recommendations
- Work closely with underwriters to help them understand the conclusions and the key assumptions built into the pricing analysis
- Effectively communicate findings and results to internal and external stakeholders and all levels of management as required
- Present pricing findings to the company President and serve as a key member in the referral process
- Develop, enhance and manage pricing models including updating underlying methodologies, assumptions and parameters to achieve adequate rate levels to meet strategic objectives
- Provide actuarial input into portfolio management, business planning and projections
- Train, mentor and develop junior staff
- Support reserving, financial reporting and management reporting functions as needed
- Lead projects/analyses requiring cross-functional resources including those who are not actuaries
- Assist Chief Actuary with other projects as needed
- Bachelor’s Degree or Equivalent
- FCAS or ACAS Designation preferred. Open to actuarial students
- 10+ years of property casualty actuarial experience. Reinsurance experience is preferred, but not required. We will consider a range of experience for this role and the offer will be commensurate with level of experience.
- Experience in advanced technical programming and modeling tools (RMS or AIR, ReMetrica, MetaRisk, R, Python, VBA etc.) is a plus
- Proficient in Excel
- A team player with strong interpersonal skills, excellent communication with all levels within the company as well as external clients, active participation in group discussion, openness in sharing thoughts and ideas are expected for this role
- Strong work ethic and project management skills. Ability to multi-task and to keep a flexible schedule in meeting deadlines is essential
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
