Senior Actuarial Analyst

Verisk Analytics - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

5,001-10,000 employees

Professional, Scientific, and Technical Services

About the position

The Senior Actuarial Analyst will play a crucial role in the Arium group of Verisk's Extreme Event Solutions division, focusing on the development of advanced liability catastrophe modeling solutions for the global insurance and reinsurance market. This position involves applying actuarial and predictive modeling techniques to enhance existing models, providing expert insights into commercial liability lines, and collaborating with various teams to align methodologies with industry standards.

Responsibilities

• Apply actuarial and predictive modeling techniques to enhance the Arium model.
• Act as the go-to expert for actuarial insights and approaches for commercial liability lines of business.
• Support alignment of Arium modeling methodologies with best-in-class approaches and insurance industry expectations.
• Support Arium client services through responses to relevant client inquiries and presentations to clients.
• Collaborate closely with other business units and experts across Verisk.

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.
• 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.

Nice-to-haves

• Catastrophe (CAT) modeling experience would be a plus.
• Familiarity with SQL would be a plus.
• Familiarity with GitHub and Bitbucket, but not required.

Benefits

• Work flexibility
• Support, coaching, and training for career success
• Recognition as a Great Place to Work®
• Opportunities for professional development and learning