Actuarial Assistant

Who are we?

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 Actuarial Assistant to join our Global Modeling & Analytics Team in our Boston office. 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.

The Actuarial Assistant in this role will engage in a wide variety of projects, with a heavy emphasis on the enhancement of technical actuarial raters and the analysis of large datasets for multiple lines of business. Programming in VBA, SQL and Python will be a key part of this role. A strong passion for problem solving and a desire to constantly learn and apply new skills is required. The ability to master a process from start to finish and become a subject matter expert by diving into details will be critical for success in the role.

Duties & Responsibilities:

• Develop, implement and maintain quantitative diagnostic tools to be used by underwriters in pricing individual risks and managing a portfolio of business.
• Assist in programming pricing algorithms using Excel, VBA, and Python
• Assist in developing new portfolio pricing models through statistical analysis, including GLMs and machine learning techniques.
• Help optimize existing processes and data structures by designing and writing new code.
• Provide technical/programming support, as needed, to other actuaries as well as BHSI teammates in other functions.
• Collaborate with offshore resources to improve business processes and increase efficiency.

Qualifications, Skills and Experience:

• 0 - 3 years of experience
• A commitment to pursuing the FCAS designation.
• Successful completion of at least two actuarial exams is preferred.
• Proven math and analytical skills as normally acquired through the pursuit of a bachelor's degree in mathematics, economics, actuarial science, or related field.
• Open to new graduates, career changers, and candidates with previous actuarial experience
• Proficiency in SQL, VBA, and Python/R is preferred although not required if the candidate has proficiency in other languages or an aptitude for programming.
• Solid 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.

Benefits that support your life and well-being, which include:

• Comprehensive Health, Dental and Vision benefits
• Disability Insurance (both short-term and long-term)
• Life Insurance (for you and your family)
• Accidental Death & Dismemberment Insurance (for you and your family)
• Flexible Spending Accounts
• Health Reimbursement Account
• Employee Assistance Program
• Retirement Savings 401(k) Plan with Company Match
• Generous holiday and Paid Time Off
• Tuition Reimbursement
• Paid Parental Leave

The base salary range for this position in Boston is $60,000 to $70,000, along with annual bonus eligibility. Total compensation for a candidate is determined by their relevant skills, location, 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.