Top Actuarial Executive jobs in Bergenfield, NJ

Company Details

Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of America’s largest commercial lines writers in the United states. Berkley is an A.M. Best A rated Fortune 500 holding company comprised of individual operating units that serve defined insurance market segments. At Berkley Luxury Group we offer tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties and fine dining restaurants.

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our two niches. Our specialized expertise has enabled us to maintain a stable approach to the market for over 30 years. We uphold a standard of prompt and fair settlement of claims, and endeavor to treat our insureds and brokers in a partnership like manner. We also have the ability to provide an array of value-added consultative risk management services designed to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be the best at what we do, as evidenced by our reputation amongst our customers and competitors.

The company is an equal employment opportunity employer.

Responsibilities

The AVP, Actuary is responsible for ensuring that price levels and loss reserves are adequate, assessing the profitability of business being underwritten and fulfilling corporate reporting requirements on a monthly and quarterly basis. Provide management with data analysis required to support strategic initiatives.  Key functions include but are not limited to:

• Responsible for quarterly reserving analysis including presenting reserve position to company leadership.
• Responsible for month-end reporting including price monitoring and Actual vs. Expected calculations for all segments of business.
• Identify, retrieve, and prepare data in support of actuarial analysis through database programming.
• Evaluate all current actuarial processes and create efficiencies / automations through programming language.
• Perform advanced analytics and modeling techniques to support business strategic initiatives.
• Participate in enterprise risk management initiatives, including catastrophe management and evaluation of industry model output.
• Provide rate filing support to regulatory and compliance team.
• Lead the actuarial component of the company’s planning process.
• Create Data Visualization reports / dashboards to facilitate the tracking and monitoring of company initiatives.
• Develop pricing benchmarks and monitoring tools to empower underwriters when pricing business.

Qualifications

• Bachelor's degree or equivalent with emphasis in Mathematics, Statistics or Actuarial Science.
• Associate or Fellowship Designation from the Casualty Actuarial Society.
• Minimum of 7 years actuarial experience in the Property and Casualty insurance industry.
• Strong written and verbal communication skills.
• Proficiency with MS Office Suite, knowledge of programming languages such as Visual Basic, SQL, R, Python or others.
• Knowledge of Data Visualization software such as Power BI and Tableau a plus.
• Ability to write reports, business correspondence, and create slide presentations. 
• Ability to effectively present information and respond to questions from other company disciplines: Finance, Underwriting & Claims.
• Strong attention to details, must produce accurate work products and proactively identify issues to be resolved.

Additional Company Details

Sponsorship Details