Actuary jobs in Houston, TX

Company Details

Berkley Oil & Gas, (a W.R. Berkley Company) is an insurance underwriting manager providing unique property and casualty products and risk services to customers engaged in the energy sector.  Our customers recognize the importance of the expertise we provide and appreciate the opportunity to work with professionals who understand their business.  We are in turn committed to delivering innovative products and exceptional service to them, our valued agents and brokers, Berkley Oil & Gas is dedicated in its efforts to be well-informed of the changing dynamics of the industry; support industry efforts to minimize and mitigate risks and hazards in the ‘oil patch’, and to constantly seek ways to improve our products and services to meet customer needs.

Company URL: https://berkleyoil-gas.com/

 The company is an equal opportunity employer.

Responsibilities

The Associate Actuary’s role is to take the lead in coordinating, preparing, performing, and communicating complex actuarial analyses required to estimate expected losses for insurance products on an individual policy level (pricing and operations) or across the entire portfolio and /or project future financial results (reserving). This role may support pricing, reserving, or operations/modeling within the BOG Actuarial department, depending on experience.

The Associate Actuary is also responsible for taking the initiative to identify and recommend necessary enhancements and changes to existing actuarial analysis processes, analytical methods, and related processes and procedures that reflect changing market and operating conditions and enable the department to contribute most effectively to the company’s success.

Under general direction and with limited supervision, core role responsibilities for the assigned functional area(s) (pricing, reserving, operations/modeling) include:

• Leverage advanced knowledge of generally accepted actuarial techniques, as well as database and programming skills, to ensure that pricing and reserving actuarial analyses appropriately and accurately reflect ongoing market and company operational changes – and effectively communicate results to actuarial management. This could include:
  • Produce, deliver, and explain actuarial rate analyses on individual accounts that support the insurance quote process and in-force book maintenance.
  • Provide and interpret actuarial diagnostic data for client service deliverables.
  • Oversee/perform the technical reviews of the quarterly reserve analyses.
  • Maintain pricing models and ensure they are in the most efficient automated tool and process
• Develop, monitor, interpret, and communicate company and department financial metrics. Investigate anomalies and summarize for management.
• Assist actuarial management in being a thought leader in the department, ensuring applicable actuarial methods, techniques, and processes are appropriately sophisticated and reflect current industry standards.
• Participate in strategic and departmental special projects at the request of management and effectively interpret results.
• As needed, work with actuarial leadership to develop external relationships with Berkley corporate staff and actuarial auditors by assisting with periodic project requests and preparing for and participating in joint discussions.
• All other duties as assigned.

Qualifications

• College or university degree in the field of mathematics, statistics, actuarial science, or another similar quantitative field.
• 10 or more years related work experience.
• ACAS credential required and FCAS credential preferred

•  Advanced knowledge in actuarial reserving and ratemaking methodologies.

  Advanced knowledge of data analysis tools, such as Excel, SQL, Power BI, including writing data inquiries.
• Proven practical experience in coordinating efforts with other departments.
• Excellent understanding of the organization’s goals and objectives.
• Experience with relational databases (Access, SQL Server) is preferred.
• Self-motivated, autonomous performer.
• Advanced analytical, mathematical, and creative problem-solving.
• Keen attention to detail.
• Active listener.
• Develops solutions to a variety of problems of advanced scope and complexity.
• Ability to communicate ideas in both technical and user-friendly language.
• Proven ability to effectively prioritize and execute tasks in a high-pressure environment.
• Strong customer service orientation.
• Demonstrated commitment to continuing education in field of expertise.
• Experience working in a team-oriented, collaborative environment.

Additional Requirements

Sponsorship Details