Sr. Actuarial Analyst

The Senior Actuarial Analyst at Berkley Public Entity is responsible for a range of critical tasks, including conducting specific class reviews, analyzing rate adequacy, and collaborating with the Underwriting and Claims Departments to monitor key strategic business metrics. This role also involves performing extensive pricing analyses for large accounts, addressing pricing model issues with the underwriting team, and assisting in budget preparations alongside the Chief Actuary.

For the Senior Actuarial Analyst role at Berkley Public Entity, candidates should possess a Bachelor's degree in Mathematics or Actuarial Science and have a minimum of three years of experience in the Property/Casualty Insurance sector. It is also preferred to have completed five or more actuarial exams, with a focus on pricing practices, and ideally hold the ACAS designation.

At Berkley Public Entity, tools like Microsoft Access, SQL Server Reporting Services, Tableau, R, and Python are highly valued for the Senior Actuarial Analyst position. Effective communication skills, both verbal and written, along with strong analytical and research abilities, will also be crucial for success in this role.

Berkley Public Entity prides itself on a welcoming culture where every employee's contributions are valued. Their commitment to employees is encapsulated in their motto, 'Everything Counts, Everyone Matters®.' The workplace embodies a dynamic and supportive environment aimed at fostering innovation and collaboration.

Unfortunately, Berkley Public Entity does not offer sponsorship for the Senior Actuarial Analyst role. Candidates interested in this position should ensure they meet all work eligibility requirements prior to applying.

When answering this question, highlight specific instances where you've conducted pricing analyses in your previous roles. Discuss your methodology, any tools you used for data analysis, and the impact your analysis had on premium structures or profitability in the organization.

Emphasize the importance of data validation techniques, cross-referencing multiple data sources, and employing statistical and mathematical methods to ensure accurate results. Mention any checks or reviews you have in place to minimize errors in your analyses.

Discuss your time management strategies, such as prioritizing tasks, utilizing project management tools, and how you communicate with your team to meet deadlines without compromising quality. Provide an example of a past experience where you successfully navigated pressure.

Mention your familiarity with software like Tableau, R, and Python, and share specific projects or analyses where you've applied these tools. Highlight how these programs have enhanced your ability to analyze data effectively.

Provide a concrete example that illustrates your critical thinking and analytical skills. Be sure to discuss the situation, what analysis you performed, the recommendations you made, and the outcome of your suggestions.

Stress the importance of continuous learning by participating in industry conferences, following relevant publications, and being a member of professional organizations like the Casualty Actuarial Society. Share specific resources or networks you engage with to stay informed.

Describe your collaboration style and any examples of successful teamwork. Emphasize your interpersonal communication skills and how you ensure that different departments, like Underwriting or Claims, work in sync with your actuarial efforts.

Be honest about real challenges you've encountered, such as data inconsistency or miscommunication within teams. Discuss the strategies you employed to address these issues and demonstrate your problem-solving skills.

Articulate your enthusiasm for the role and the company, citing specific aspects such as the company culture, commitment to public entities, and the opportunity to impact strategic decisions in pricing and analysis. Show that you've done your homework about Berkley.

Discuss your approach to simplifying statistical concepts, using visuals or analogies, and ensuring that your communication is tailored to the audience's understanding. Provide examples of past experiences where you've successfully done this.