Sr. Actuarial Analyst - Commercial Property Product

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

The ISO Commercial Property Actuarial Product team is seeking a Senior Actuarial Analyst to join the Commercial Property Actuarial Product team. 

The Commercial Property Product team is responsible for Commercial Property, Commercial Inland Marine, Equipment Breakdown, and a few minor property lines. The team is responsible for analyzing and creating pricing for new and emerging insurance risks; performing deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages; leading efforts to secure filing approval of pricing changes; providing supports for filings of coverage changes; and maintaining customer focus in all their work. 

The successful candidate shall enjoy identifying and solving complex actuarial problems, be comfortable working with team members in high-profile projects, own part of the processes, and explain work in non-technical contexts to internal and external customers. The successful candidate will also understand the Commercial Property rating plan and / or Commercial Property ratemaking, the Commercial Property data collected via Statistical Reporting, and methods, including use of SQL, of downloading and analyzing the statistical data reported to Verisk. 

Some anticipated work assignments include:  

• Provide actuarial analyses in supporting, maintaining, and enhancing existing CP actuarial products. 
• Revision of rating and ratemaking factors using reported statistical data. 
• Data analysis in support of determining if a dataset is suitable for project(s). 
• Support product implementation through creation of rules, documentation and filing support that implement actuarial analyses. 
• Supporting customer questions, regulator questions, and additional projects as they arise. 

You will be part of a culture that embraces learning and innovation, values teamwork, recognizes and rewards achievements and excellence, and provides personal and professional enrichment opportunities.  

Qualifications

• Bachelor’s degree or work equivalent in a quantitative (STEM) discipline with 3+ years of work experience in data / actuarial analysis. Credit for CAS exam 5 preferred. 
• Highly proficient with SQL. Proficiency in Python / R & Power BI or similar a plus. 
• Familiarity with ISO rating manuals, loss cost (rate) filings, and statistical data. 
• Ability to understand and use the Actuarial Standards of Practice, and in particular ASOP numbers 23, 41 and 53.  
• Experience in preparing and conducting extensive data analysis. 
• Excellent verbal and written communication skills required.  

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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 delivering immediate and sustained results that drive positive outcomes
• Innovate by redefining what’s possible, embracing challenges, and pushing bound