Berkley

Actuarial Analyst

Berkley$70K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in mathematics, business, finance, or related field.
  • 2+ years in a data-related role with familiarity in information systems.
  • At least 4 exams toward ACAS/FCAS designation passed.
  • Proficiency in MS Office tools, particularly Excel, and strong VBA skills.
  • Proficient in SQL; knowledge of insurance industry and associated IT systems is essential.
  • Intermediate understanding of Power BI, R, and Python is preferred.
  • Demonstrated problem-solving capabilities and strong communication skills.

Responsibilities

  • Analyze data to enhance and adapt rating methodologies for existing products.
  • Incorporate new variables to improve underwriting performance and competitive positioning.
  • Participate in IBNR reserve estimates using various techniques for profitability assessment.
  • Prepare monthly reports for financial processes and to support underwriting improvement.
  • Represent actuarial needs in cross-functional initiatives.
  • Continuously enhance reporting and actuarial processes.
  • Assist in planning ultimate loss ratios based on leadership directions and guideline changes.

Benefits

  • Health, Dental, and Vision insurance.
  • Life and Disability coverage.
  • Wellness programs and Paid Time Off.
  • 401(k) and Profit-Sharing plans.
  • Opportunity to participate in an annual discretionary bonus program.
Full Job Description
Responsibilities

The Actuarial Analyst supports the underwriting function by analyzing data, developing and enhancing rating methodologies, and producing reports and analyses that improve underwriting and financial results, while collaborating with cross-functional teams and providing high-quality support to the actuarial department.
  • Analyze internal and external data to adapt and develop intermediate rating methodologies for existing company products.
  • Use intermediate techniques to incorporate new variables to gain competitive advantage and improve underwriting results.
  • Utilize intermediate loss development and other methods to participate in determining incurred but not reported (IBNR) reserve estimates for profitability analyses.
  • Produce regular monthly reports and analyses used in the financial close process and to improve underwriting results.
  • Represent the needs of the actuarial department on cross-functional projects.
  • Continuously seek to improve current reporting and actuarial processes.
  • Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines.


Qualifications

  • Bachelor's degree in a related field (mathematics, business, finance, technical).
  • 2+ years of experience in a data-related role with working knowledge of information systems.
  • Minimum of 4 exams passed toward ACAS/FCAS designation offered by the Casualty Actuarial Society.
  • Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
  • Strong knowledge of VBA.
  • Strong knowledge of SQL.
  • Knowledge of the insurance industry and IT systems.
  • Preferred: intermediate knowledge of Power BI.
  • Preferred: intermediate knowledge of R and Python.
  • Ability to adapt to changing priorities and environments.
  • Strong problem-solving and communication skills.
  • Strong organization skills with ability to multitask and prioritize multiple tasks at once.
  • Ability to work outside normal work schedule to fulfill responsibilities.
  • Ability to travel on an occasional basis.
  • Reasonable, regular, and predictable attendance.

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Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:

Base Salary Ranges:
Senior Actuarial Analyst: $110K - $150K
Actuarial Analyst II: $90K - $110K
Actuarial Analyst I: $70k - $90k

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.

Eligible to participate in the annual discretionary bonus program
Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Additional Requirements

The application window for this role is estimated to be open through June 30, 2026, but may be extended, if necessary. Please submit your application as soon as possible prior to July 31, 2026.

Location and Travel:
• Primary location Scottsdale, AZ but can also sit in Englewood CO or Glen Allen, VA.
• Travel: Ability to travel on an occasional basis.

Sponsorship Details

Sponsorship 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.

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Learn more about Berkley
Size
51 employees
Industry

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