Senior Actuarial Analyst

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

ABOUT THE ROLE
As a Senior Actuarial Analyst in the Arium group, part of the Verisk Extreme Event Solutions division, you will support the development of the insurance industry’s leading liability catastrophe modeling solution for the global insurance and reinsurance market. The Arium models quantify the systemic and emerging liability risks that can lead to significant aggregations and clash risks across portfolios, ranging from climate change to recessions to chemical exposures and across major commercial liability lines, including commercial general liability and professional/management liability lines. Your actuarial, modeling, and (re)insurance knowledge will have a direct impact on model development and support this fast-growth space in the liability industry. This role is part of the Arium research and analytics team, and will be based out of the Verisk headquarters in Jersey City, USA.

ABOUT THE DAY TO DAY RESPONSIBILITIES OF THE ROLE

• Apply actuarial and predictive modeling techniques to enhance the Arium model, such as developing new trending methodologies, and modeling settlements on pending cases
• Act as the go-to expert for actuarial insights and approaches for commercial liability lines of business, including technical peer review of models and model components
• Support alignment of Arium modeling methodologies with the best-in-class approaches and insurance industry expectations
• Support Arium client services through responses to relevant client inquiries and presentations to clients, as needed, including insurers, reinsurers, and brokers
• Collaborate closely with other business units and experts across Verisk, including other catastrophe modeling and research teams in Extreme Event Solutions and actuarial, coverage, and emerging issues research departments within Verisk Underwriting Solutions

Qualifications

• Bachelor's Degree in Mathematics, Economics, Statistics, or other related majors
• Associate of the CAS (ACAS) or near-ACAS with 5+ Casualty Actuarial Society exams passed
• Minimum of 5 years industry experience preferred
• Experience in pricing, reserving, and/or modeling for multiple commercial liability lines, including commercial general liability and professional lines
• Catastrophe (CAT) modeling experience would be a plus
• Proficiency in Microsoft Excel
• Experience with data cleaning and pre-processing
• Experience in predictive modeling and machine learning using Python or R
• Strong interest in modeling and data science applications in insurance and risk management
• Familiarity with SQL would be a plus, as would familiarity with GitHub and Bitbucket, but not required
• Ability to work independently and as part of a team
• Strong interpersonal, oral, and written communication skills, including presentation skills

#LI-MC1

Additional Information

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, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, 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 and Best Employer for Women, 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