Senior Actuarial Analyst

$95,000 - $115,000/Yr

Verisk Analytics - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

Professional, Scientific, and Technical Services

About the position

The Senior Actuarial Analyst role at Verisk's Arium group involves supporting the development of advanced liability catastrophe modeling solutions for the global insurance and reinsurance market. This position requires expertise in actuarial and predictive modeling techniques to enhance existing models and provide insights into systemic and emerging liability risks. The analyst will collaborate with various teams and engage with clients to ensure alignment with industry standards and expectations.

Responsibilities

• Enhance the Arium model using actuarial and predictive modeling techniques, including 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 best-in-class approaches and insurance industry expectations.
• Assist Arium client services by responding to client inquiries and presenting to clients, including insurers, reinsurers, and brokers.
• Collaborate closely with other business units and experts across Verisk, including catastrophe modeling and research teams.

Requirements

• Bachelor's Degree in Mathematics, Economics, Statistics, or 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.
• 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.
• Ability to work independently and as part of a team.
• Strong interpersonal, oral, and written communication skills, including presentation skills.

Nice-to-haves

• Catastrophe (CAT) modeling experience would be a plus.
• Familiarity with SQL would be a plus, as would familiarity with GitHub and Bitbucket.