Chief Actuary (Boston) Job at BERKLEY TECHNOLOGY SERVICES, Boston, MA

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  • BERKLEY TECHNOLOGY SERVICES
  • Boston, MA

Job Description

Company Details

Gemini Transportation Underwriters is a leading provider of excess liability insurance for companies in the transportation industry. We offer excess liability coverage for all types of vehicles and excess liability and railroad protection for freight and passenger railroads and public transit systems.As part of W. R. Berkley Corporation, one of the nations premiere commercial lines property casualty insurance providers, we combine the resources of a Fortune 500 company with the underwriting expertise and personalized service of a specialty carrier.We are pleased to underwrite and issue policies on behalf of Gemini Insurance Company*, also a W.R. Berkley member company, which carries an A. M. Best Financial Strength Rating of A+ (Superior) and a Financial Size Category of XV.

Company URL:

The company is an equal opportunity employer.

Responsibilities

Directs the Property and Casualty actuarial functions of the organization. Oversees the monitoring, evaluating, and reporting of the effectiveness of the existing rating formulas. Approves prospective rates for experience-rated categories of business. Advises management in the selection of major rating assumptions. Provides support by participating in the development of new products and meeting with key stakeholders to present rating/financial information.

Key functions include but are not limited to:

  • Applies actuarial techniques, including predictive analytics, while collaborating with other executives to achieve rate level and loss reserve adequacy for the company.
  • Participates in and contributes to Executive Team in the development and execution of overall actuarial direction to the company through strategic planning.
  • Drives operational performance and delivers outstanding actuarial support for the company and provides direction through models.
  • Along with the President and executive team, contributes to managing relationships with auditors and reinsurers.
  • Coordinates the quarterly Reserve Review. Analyzes and evaluates the effectiveness of the companys rates, pricing, and loss reserving to ensure company solvency.
  • Monitors developments and trends within the Property/Casualty insurance industry. Communicates significant development/trends to the department and executive teams.
  • Thorough working knowledge of insurance contracts, state legal requirements, and current business and industry trends/practices as pertain to Chief Actuary duties.
  • Collaborates with other leaders to ensure consistent compliance with state and federal departments of insurance and other regulatory agencies.
  • Participates and contributes to the development and execution of company strategies and plans.
  • Supports an environment that is transparent and open, where others are encouraged to achieve, in which new ideas surface easily, favorable change is embraced, and where leadership abilities are recognized and encouraged.
Qualifications
  • Bachelors degree in actuarial science, math/statistics, Economics, finance or other related disciplines
  • Fellow of the Casualty Actuarial Society (FCAS) designation
  • 10 years of experience developing strategies, managing major initiatives and delivering results within a complex matrix environment
  • 8 years of people leadership experience in building, managing and/or developing high-performing teams
  • Experience collaborating with key resources and stakeholders, influencing decisions and managing work to achieve strategic goals
  • 5+ years leading teams in an actuarial role in property and casualty lines of insurance
  • Demonstrated successes in product management and technology modernization initiatives
  • Experience leading teams through changes in processes, tools, techniques and organization
  • Experience in predictive modeling, bridging pricing to analytics
  • Experience reserving and pricing excess liability in the transportation sector is a plus.
Additional Company DetailsWe do not accept any unsolicited resumes from external recruiting agencies or firms. 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 #J-18808-Ljbffr

Job Tags

Full time, Visa sponsorship,

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