The Excess and Surplus Lines unit is looking for an Actuarial Associate to contribute property pricing knowledge and experience to Verisk's product suite supporting non-admitted/E&S property lines of business.
The Actuarial Associate will join our growing actuarial team and be responsible for supporting the development of innovative actuarial product solutions to help the industry better price and manage non-admitted risks in the property market.
In this role, you will bring your technical expertise and industry experience to bear on some of the most challenging, unconventional, and complex risks and problems in the property market. Working in a space of ambiguity and uncertainty, you will be able to apply your actuarial creativity in a fast-moving segment not subject to standard rate and form requirements and build solutions for a rapidly evolving industry segment with significant growth potential.
Your work will have a direct impact on Verisk's strategic vision to provide data-driven analytical solutions to the E&S industry.
This position is hybrid from the Jersey City, NJ office or remote from elsewhere in the Eastern time zone. We are open to Central or Mountain time zones for the right candidate.
For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.
At Verisk, you''ll have the chance to use your voice and build a rewarding career that''s as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.
For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work for outstanding workplace culture in the US, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, we've been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World's Best Employer, testaments to the value we place on workplace culture.
We're 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.
Verisk Businesses
Underwriting Solutions - provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision
Claims Solutions - supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences
Property Estimating Solutions - offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient
Specialty Business Solutions - provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance
Catastrophe and Risk Solutions - provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.
Marketing Solutions - delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement
Life Insurance Solutions - offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.
Verisk Maplecroft - provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger
Verisk Analytics is an equal opportunity employer.
Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.
All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran''s status, age or disability. Verisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.
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Bachelor's degree in actuarial science, mathematics, statistics, or a related major.
At least 4 - 6 years of actuarial experience with a focus on E&S property (commercial and/or personal) pricing required.
Associate of the Casualty Actuarial Society (ACAS) preferred. Exam 5 required.
Proficiency in actuarial software and tools (e.g., SAS, R, Python, and Excel). Proficiency in SQL required.
High degree of agency and ownership; demonstrated ability to operate independently, drive projects forward with limited oversight, and take accountability for outcomes across the full lifecycle of a process or product build.
Data management skills or knowledge of insurance data management and databases required. Familiarity with Snowflake and DBT is a plus.
Experience with generative AI tools in a production environment would be a plus. Familiarity with CAT models such as AIR and/or RMS would be a plus.
Demonstrated ability to work effectively under uncertainty and ambiguity. Experience working with complex and diverse datasets and non-standardized processes.
Good interpersonal, oral, and written communication skills. Ability to convey technical actuarial concepts to non-actuarial or technical stakeholders.
Comfort working simultaneously with multiple external client teams and internal stakeholders to advance actuarial solutions to their unique technical problems.
Reserving experience and predictive modeling experience are a plus.
#LI-MC1
Develop creative actuarial solutions for complex risks and problems that don't fit the traditional admitted market framework.
Navigate and synthesize disparate data sources of varying granularity and complexity typical of the E&S property space.
Provide actuarial expertise to support the buildout of data intake processes for contributory E&S premium, loss, and exposure property data for both commercial and personal lines, and translate data into actionable actuarial and underwriting insights and analytics.
Analyze contributory, proprietary, and other third-party data to support the development of property analytics and pricing solutions for E&S customers.
Solve technical client problems with minimal guidance, including working directly with client data and actuarial teams.
Collaborate with Verisk E&S team colleagues and other Verisk cross-functional teams to deliver solutions to customers. Liaise closely with other business units and experts across Verisk, including data operations, analytics, and commercial and personal lines actuarial.
Own workstreams end-to-end, from problem definition and data discovery through analysis, stakeholder alignment, implementation support, and delivery of client solutions.
Proactively identify roadblocks, drive next steps, and move ambiguous or undefined processes toward scalable, repeatable solutions.
Develop creative actuarial solutions for complex risks and problems that don't fit the traditional admitted market framework.
Navigate and synthesize disparate data sources of varying granularity and complexity typical of the E&S property space.
Provide actuarial expertise to support the buildout of data intake processes for contributory E&S premium, loss, and exposure property data for both commercial and personal lines, and translate data into actionable actuarial and underwriting insights and analytics.
Analyze contributory, proprietary, and other third-party data to support the development of property analytics and pricing solutions for E&S customers.
Solve technical client problems with minimal guidance, including working directly with client data and actuarial teams.
Collaborate with Verisk E&S team colleagues and other Verisk cross-functional teams to deliver solutions to customers. Liaise closely with other business units and experts across Verisk, including data operations, analytics, and commercial and personal lines actuarial.
Own workstreams end-to-end, from problem definition and data discovery through analysis, stakeholder alignment, implementation support, and delivery of client solutions.
Proactively identify roadblocks, drive next steps, and move ambiguous or undefined processes toward scalable, repeatable solutions.