Sr. Actuarial Analyst - Personal Lines Analytic Products

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

ISO's Personal Lines Analytic Products unit in Jersey City is looking for actuarial talent. This individual will contribute to the production of analytic rating products that are driven by predictive modeling, including the Risk Analyzer solutions suite for personal lines.  

You will be responsible for the key technical aspects of updating and enhancing the Risk Analyzer rating products, demonstrating actuarial and business value to customers, and ideating, researching, and deploying of new modeled products.  In this role, you will be collaborating with not just members of the PL Analytic Products team, but various other teams across the organization to support the products.  The ideal candidate is highly inquisitive, organized and detail oriented, able to work independently and customer solution minded. 
  

Responsibilities 

• Maintain high-performing products 
• Lead efficient production update cycles for accurate and timely product releases 
• Utilize actuarial knowledge to properly contextualize Risk Analyzer models within the ISO rating plans and loss costs 
• Help respond to questions from regulators and insurers on analytic product filings and circulars. 
• Use strong analytical skills to perform pilot tests on insurer portfolios and concisely communicate the results to demonstrate value of implementing Risk Analyzer 
• Work with other actuarial, data and line areas to ensure timely and accurate delivery of products. 
• Collaborate with the data management and modeling teams to develop useful models that you will then 'productize' into customer-ready rating products 
• Perform other duties as assigned 

Qualifications

• Bachelor's degree or equivalent experience in a quantitative discipline such as statistics, actuarial, computer science, mathematics, economics, or operations research  
• Strong Excel skills are required, along with the ability to learn programming languages. Prior experience with SQL, SAS, R, and/or Python are a plus. 
• P&C insurance experience (1+ years) is required. Familiarity with ISO's personal lines rating plans and loss cost filings is preferred 
• Proactive, customer focused candidate who operates with a sense of urgency 
• Strong verbal and written communications skills, listening and teamwork skills, and effective presentation skills 
• Pursuit of ACAS or FCAS credentials is desirable, but not required 
• Familiarity with statistical modeling techniques such as linear regression, GLMs, tree models, cluster analysis, and model validation 
• Aptitude in performing multiple tasks and dealing with changing deadline requirements. This includes knowing when to escalate issues. Maintains a focused, flexible, organized, and proactive approach 

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Additional Information

In 2022, Verisk received Great Place to Work® Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We’re also one of the 38 companies on the UK’s Best Workplaces™ list and one of 18 companies on Spain’s Best Workplaces™ list.

For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we’ve grown to provide analytic insights that help transform industries focused on some of the world’s most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.

Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.

We’re 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.

Everyone at Verisk—from our chief executive officer to our newest employee—is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
• Be Remarkable by doing something better each day in service to our customers and each other
• Add Value by d