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Chief Actuary

Hartford, CT, USA | W. R. Berkley Corporation

  • Industry:
    Insurance - General
  • Position Type:
    Full-Time
  • Functions:
    Financial Services Professional
    General Management
  • Experience:
    10-12 years
Job Description:
91 people have viewed this job

As a founding member of a new Operating Unit focused on Private Company Management Liability, the Chief Actuary is responsible for contributing to the overall strategic direction of the Operating Unit and direct responsibility for the vision and direction for all actuarial and analytical aspects of the Operating Unit.The position will be based in Connecticut and required travel will be approximately 10%.Duties and responsibilities will include but not be limited to:

Develop and execute a pricing models for new product(s) and coverage(s)

Develop and manage portfolio tools and predictive models to ensure profitability

Build infrastructure to monitor competitive position 

Formulate filing and company placement strategy

Monitor emerging issues and trends impacting profitability and appetite

Partner on the development of training modules on underwriting guidelines, strategies or emerging issues

Establish partnership across Operating Units and serve as liaison on Actuary and Analytics issues

Establish strong Actuary, Data and Analytics governance

Design and lead Portfolio Reviews in collaboration with Underwriting, Claims and Finance

Partner with OU president, segment leader and Ceded reinsurance team to develop a reinsurance buying strategy and to represent the Operating Unit via meetings with the reinsurance marketplace as appropriate

Communicate key information to Operating Unit staff in a timely and efficient manner

Qualifications

BA/BS degree required

Minimum of 10 years of Actuary Experience

5+ years of Experience within the Management Liability suite of products (D&O, Cyber, EPL, Crime, Fiduciary)

Demonstrated ability to develop and execute strategic plans; that are driven by empirical analysis and include stated goals and delivery dates

Experience with filing products and working with state regulators

Execution oriented with attention to details driven by natural curiosity and competitive spirit

Must have strong written and verbal communication, negotiation and interpersonal skills


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