Verisk Analytics

Actuarial Consultant

Verisk Analytics$110K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in actuarial science, mathematics, statistics, or related field.
  • ACAS or FCAS designation from the Casualty Actuarial Society.
  • Minimum of 7 years of insurance experience, with a strong understanding of regulatory issues.
  • Broad familiarity with ISO lines of business preferred.
  • Excellent interpersonal, oral, and written communication skills, including presentations.
  • Strong negotiation skills necessary for regulatory interactions.
  • Ability to work independently and collaboratively within a team environment.

Responsibilities

  • Collaborate with business units to secure timely regulatory approval for ISO's core products.
  • Assist in predictive modeling initiatives supporting various business units.
  • Provide model review support for the Catastrophe & Risk Solutions team.
  • Enhance understanding of CRS models across business units and products.
  • Establish and maintain relationships with state regulators through regular visits or contact.
  • Develop strategies for positive regulatory outcomes regarding new ISO programs and filings.
  • Deliver presentations to secure regulatory acceptance of ISO initiatives.

Benefits

  • Opportunities for professional development and advancement within the organization.
  • Exposure to high-profile regulatory interactions and strategic decision-making roles.
  • Collaborative work environment within a dedicated Government Relations team.
  • Opportunity to influence industry regulatory practices and standards through direct engagement with regulators.
Full Job Description
Job Description

Verisk's' Government Relations Department (GRD) is in search of a talented ACAS/FCAS for the role of Government Relations Actuarial Consultant. As part of the Government Relations team, you will support as needed the Verisk business as a whole with focus on our Underwriting Solutions group including their flagship product of ISO Core Lines Programs (forms, rules, & loss costs) and other underwriting products, as well as our catastrophe modeling products from Verisk's Catastrophe & Risk Solutions (CRS).

Responsibilities

  • Work with the business units and the GRD team to support and secure timely approval from state regulation of ISO's core products (loss costs, related rules, statistical data) for all lines of business.
  • Work with the business units in support of predictive modeling initiatives.
  • Support Verisk's Catastrophe & Risk Solutions (CRS) team as needed with model review, regulator acceptance, etc.
  • Grow understanding of CRS models and usage between Verisk business units and products.
  • Make regular visits to or have regular contact with state regulators to resolve issues and maintain relationships.
  • Develop and implement strategies to achieve positive regulatory action in response to new ISO programs and high priority filings.
  • Make presentations to state regulators and other audiences as necessary to secure regulatory acceptance of ISO initiatives.
  • Provide complete and timely actuarial support for regulatory inquiries on ISO filings.
  • Provide actuarial peer review to new or modified ratemaking methodologies. Stay abreast of all relevant ASOPs and NAIC activity for their impact on ISO products.
  • Provide business units with state-specific Government Relations input and filing recommendations in response to actuarial ALERT indications for assigned lines / states.
  • Foster positive regulatory environment and provide support for ISO's interactions with the independent bureaus.
  • Occasional travel required for industry conferences, regulator visits, etc.


Qualifications

  • Bachelor's degree in actuarial science, mathematics, statistics, or related majors.
  • Associate (ACAS) or Fellow (FCAS) of Casualty Actuarial Society.
  • Minimum 7 years insurance experience desired. Deep knowledge of regulatory issues, industry, market, etc. desired.
  • Broad familiarity with most ISO lines of business preferred.
  • Excellent interpersonal, oral and written communication skills, including presentation skills.
  • Excellent negotiating skills.
  • Ability to work independently and as part of a team.
  • Familiarity with catastrophe and predictive analytics modeling preferred.
  • Familiarity with filing process and regulatory concerns preferred.
  • Computer skills: Excel, Word, PowerPoint required; basic understanding of programming preferred.
  • Some travel required.

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About Verisk Analytics

Verisk Analytics is a data analytics company that provides data, analytics, and decision-support services to professionals in insurance, energy, healthcare, financial services, government, and risk management. The company uses proprietary data sets and algorithms to provide predictive analytics and decision support solutions to its clients. Verisk Analytics was founded in 1971 and is headquartered in Jersey City, New Jersey.
Learn more about Verisk Analytics
Size
9,367 employees
Market Cap
$27.2 billion
Industry
Net Income
$712.7 million
Founded
1971
5 Year Trend
+8.5%
Revenue
$2.7 billion
NASDAQ

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