Berkley

Actuarial Analyst

Berkley$80K — $90K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Math, Statistics, Actuarial Science, or Economics.
  • 1-2 Casualty Actuarial Society exams completed or other insurance designations.
  • 0-1 years of actuarial experience, ideally with a personal lines focus.
  • Proficient in Excel, SQL, R, and familiar with Microsoft Office Suite.
  • Strong communication skills, able to convey complex ideas clearly.

Responsibilities

  • Develop and enhance rating methodologies for insurance products.
  • Conduct competitor pricing analysis to identify growth opportunities.
  • Drive state expansion actuarial components, including regulatory filings.
  • Prepare and validate complex datasets for analysis.
  • Maintain frameworks to monitor underwriting performance and profitability.
  • Champion innovation and emerging actuarial tools within the team.

Benefits

  • Health, Dental, and Vision insurance.
  • Life and Disability coverage.
  • Wellness programs and Paid Time Off.
  • 401(k) with Profit-Sharing options.
  • Annual discretionary bonus eligibility.
Full Job Description
Responsibilities

This role will be based in our Boston, MA office.  We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

 

Join a dynamic and forward-thinking actuarial team at a leading High Net Worth Personal Lines Carrier, where your expertise will directly shape pricing strategy, risk management, and business growth. This role offers the opportunity to work on complex, high-impact initiatives in a collaborative and intellectually stimulating environment.

 

As an Actuarial Analyst, you will report to the AVP, Actuary at Berkley One. You will be responsible for working on state rate reviews, actuarial indications and analysis in support of pricing personal lines products, including building actuarial metrics dashboards.

 

We'll count on you for:

 

Rating Development & Competitive Analysis:

  • Develop and enhance rating methodologies for both existing and emerging products, leveraging advanced actuarial techniques and data-driven insights to drive competitive differentiation.
  • Conduct competitor pricing and segmentation analysis to uncover profitable growth opportunities and identify underperforming segments.
  • Recommend targeted corrective actions to optimize portfolio performance.

Advanced Data Analytics & Modeling:

  • Prepare and validate complex datasets from internal systems such as exposure, premium, loss, claims, and pricing data, as well as external data sources, using SQL, R, and other analytical tools.
  • Apply rigorous data quality checks and exploratory analysis.
  • Present actionable recommendations that support strategic decision-making.

Rate Filing Execution & Regulatory Strategy:

  • Drive the actuarial components of state expansion and regulatory filings, including competitor benchmarking, actuarial modeling, and documentation.
  • Collaborate cross-functionally with Product, IT, and Legal teams to ensure timely and compliant filings that support business growth and profitability.

Innovation & Thought Leadership:

  • Champion innovation by identifying emerging trends, tools, and methodologies that enhance actuarial and organizational capabilities.
  • Provide leadership within the actuarial team to foster continuous improvement.

Profitability Monitoring & Reporting:

  • Maintain robust monthly and quarterly reporting frameworks to monitor underwriting performance and profitability.
  • Ensure timely insights that support executive decision-making.
Qualifications

Education:

  • Bachelor's degree or equivalent in Math, Statistics, Actuarial Science, or Economics.
  • Commitment to continuing education demonstrated by progression through the Casualty Actuarial Society exam program (1-2 exams passed) or other insurance professional designations.
  • 0-1 years of actuarial experience in the insurance industry.
  • Ideally, candidate will have at least an actuarial internship experience, possibly with a focus on personal lines auto and property lines of business

Technical Proficiency:

  • Proficiency with Excel, SQL, and R (or other data scripting/statistical language) is expected.
  • Familiarity with Microsoft Office Suite and the ability to quickly learn new software tools is expected.

Customer-Centric Mindset:

  • Deep empathy and understanding of the needs of our customers, both insureds and their agents alike, with commitment to delivering thoughtful data-informed solutions.

Communication Excellence:

  • Exceptional verbal and written communication skills, with the ability to tailor messaging to different audiences clearly to convey complex concepts.

Professionalism & Collaboration:

  • Calm under pressure.
  • Highly organized.
  • Integrity to follow through on tasks.
  • Ability to challenge norms while working collaboratively with colleagues at all levels of the organization.

Leadership:

  • A proactive mindset with a strong sense of accountability, initiative, ownership, and leadership.

Curiosity & Innovation:

  • Naturally curious and passionate about learning how things work.Continuously seeks opportunities for improvement and innovation.
Additional Company DetailsWe do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include: • Base Salary Range: $80,000 - $90,000 • Eligible to participate in annual discretionary bonus. • Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship DetailsSponsorship not Offered for this Role

About Berkley

Berkley is a packaging company that develops innovative solutions to help our customers sell more product and be on the edge. Berkley offers the cost advantages and creative control of an in house/on site agency without the risk and hassle of oversight. Berkley develops turnkey retail environments – including design, manufacturing and installation services.

Berkley Careers

Joining Berkley presents a prime opportunity to be part of a team renowned for its leadership in the industry, fostering innovation and growth. Berkley, a company committed to professional excellence and diversity, offers a range of job opportunities that cater to various skills and career aspirations.

Explore Job Opportunities

Berkley is actively hiring, seeking individuals who are passionate, driven, and ready to contribute to a dynamic team environment. With a variety of positions available, Berkley provides a platform for professionals at every stage of their career, from entry-level to senior leadership roles.

Internship Programs

Kickstart a career with Berkley through comprehensive internship programs designed to provide hands-on experience in a real-world setting. Internships at Berkley are a gateway to full-time employment, offering invaluable industry exposure and networking opportunities.

Professional Growth and Development

Berkley is dedicated to the continuous professional development of its team members. The company supports career advancement through leadership training programs, workshops, and seminars that enhance skills and foster innovation.

Diversity and Inclusion

At Berkley, diversity is celebrated and actively promoted through various initiatives and diversity training programs. The company believes that a diverse workforce is key to driving creativity and innovation.

Benefits and Culture

Employees at Berkley enjoy a range of benefits designed to support their professional and personal lives. The company culture emphasizes teamwork, respect, and integrity, creating an environment where everyone can thrive.

Applying for a Position

To apply for a position at Berkley, candidates are encouraged to submit a resume that highlights relevant experience and skills. The interview process is designed to assess not only professional qualifications but also a candidate's fit with Berkley's culture and values.

Stay Connected with Berkley Careers

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Learn more about Berkley
Size
51 employees
Industry

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