Actuarial - 2022 Early Career Foundations Program (CR)
Location: Jersey City
Posted on: January 15, 2022
ISO, a Verisk business, has been a leading source of information
about property/casualty insurance risk since 1971. For a broad
spectrum of commercial and personal lines of insurance, ISO
provides statistical, actuarial, underwriting, and claims
information and analytics; compliance and fraud identification
tools; policy language; information about specific locations; and
technical services. ISO serves insurers, reinsurers, agents and
brokers, insurance regulators, risk managers, and other
participants in the property/casualty insurance marketplace. To
learn more about ISO please visit us at: ---www.verisk.com/iso. We
are proud to be a part of the Verisk family of companies!
At the heart of what we do is help clients manage risk. Verisk
(Nasdaq: VRSK) provides data and insights to our customers in
insurance, energy and the financial services markets so they can
make faster and more informed decisions.
Our global team uses AI, machine learning, automation, and other
emerging technologies to collect and analyze billions of records.
We provide advanced decision-support to prevent credit, lending,
and cyber risks. In addition, we monitor and advise companies on
complex global matters such as climate change, catastrophes, and
But why we do our work is what sets us apart. It stems from a
commitment to making the world better, safer and stronger.
It's the reason Verisk is part of the UN Global Compact
sustainability initiative. It's why we made a commitment to
balancing 100 percent of our carbon emissions. It's the aim of our
"returnship" program for experienced professionals rejoining the
workforce after time away. And, it's what drives our annual
Innovation Day, where we identify our next first-to-market
innovations to solve our customers' problems.
At its core, Verisk uses data to minimize risk and maximize value.
But far bigger, is why we do what we do.
At Verisk you can build an exciting career with meaningful work;
create positive and lasting impact on business; and find the
support, coaching, and training you need to advance your career. We
have received the Great Place to Work-- Certification for the fifth
consecutive year. We've been recognized by Forbes as a World's Best
Employer and a Best Employer for Women, testaments to our culture
of engagement and the value we place on an inclusive and diverse
workforce. Verisk's Statement on Racial Equity and Diversity
supports our commitment to these values and affecting positive and
lasting change in the communities where we live and work.
Verisk's Early Career Foundations Program (ECFP) is the perfect
place for you to launch your career. When you join Verisk in your
first professional role, you become part of an ECFP cohort with
other recent grads working across several of our businesses around
During your first year with Verisk, you will get to experience a
special developmental journey in which you'll have access to senior
leaders, job shadowing assignments, stretch opportunities, and
learning and development programming designed to fully acclimate
you into the Verisk community.
The ISO unit of Verisk is looking for an Actuarial Analyst. This is
an opportunity for May 2022 graduates to begin their career. The
start date for this position is July 2022.
Actuarial Analyst Responsibilities
- Prepare products for regulators and internal & external
customers in a timely and accurate manner. Products may include
loss cost reviews, filings, circulars, annual statistical filings,
and customized data products to meet customer needs.
- Work on other projects such as class plan reviews, territorial
reviews, regulatory reports and fulfilling contractual
- Writing and running computer programs to extract data for
review and report compilation.
- Review the quality of data submitted by insurance companies
both on transactional and aggregate levels.
- Develop more efficient, automated ways to improve processing
including data quality and error detection processes. This can
include providing suggestions for improvements in ratemaking and
data quality review procedures.
- Help respond to questions from regulators and insurers on
filings, circulars and other products.
- Contact ISO's insurer customers and other organizations
regarding the reasonableness of reported data.
- Make actuarial and data management presentations to Insurer
Panels, insurers who report data to us and ISO users of data.
- Collaborate with other ISO divisions (actuarial, analytical and
technology) on improving data, products and procedures.
- Become a subject matter expert on one or more lines of
property-casualty insurance business.
- Perform other duties as assigned.
- Graduate or Bachelor's degree with a major in Mathematics, Data
Science, Statistics, Economics, Risk Management, Operational
Research or related discipline.
- Passing of at least one actuarial exam is preferred.
- Data management skills or knowledge of insurance data
management principles is a plus.
- Experience in quantitative and qualitative data analysis.
- Some familiarity with insurance coverages, actuarial
methodologies and quality control.
- Technical background should include a working knowledge of MS
Office applications and understanding of computer programming
- Knowledge of SQL, SAS, R, ETL tools or Business Rules Engines
is a plus
- Background experience in Tableau, Spotfire, COGNOS, or other
data visualization software would be advantageous.
- Strong written and oral communication skills.
- Ability to work independently and as part of a team.
- Ability to work under time constraints, multi-task, and adjust
plans in the face of changing priorities.
- Continued desire and ability to learn.
- Ability to perform essential job duties with or without
Verisk Analytics is an equal opportunity employer.
All members of the Verisk Analytics family of companies are equal
opportunity employers. We consider all qualified applicants for
employment without regard to race, religion, color, national
origin, citizenship, sex, gender identity and/or expression, sexual
orientation, veteran's status, age or disability.
Unsolicited resumes sent to Verisk, including unsolicited resumes
sent to a Verisk business mailing address, fax machine or email
address, or directly to Verisk employees, will be considered Verisk
property. Verisk will NOT pay a fee for any placement resulting
from the receipt of an unsolicited resume.
Consumer Privacy Notice
At Verisk, the health and safety of our people is our number one
priority. Effective November 15, 2021, and subject to applicable
law, all prospective hires for office based roles or roles that
support any of our businesses' government contracts will be
required to demonstrate that they are fully vaccinated against
COVID-19 by their start date, or qualify for a legally-required
medical or religious accommodation to this vaccination requirement,
as a condition of employment. Hired candidates who do not
demonstrate that they are fully vaccinated against COVID-19 by
their start date, and who have not been approved for a
legally-required medical or religious accommodation will no longer
meet the requirements for employment and their offers of employment
will be immediately rescinded, in accordance with applicable
Keywords: ISO, Jersey City , Actuarial - 2022 Early Career Foundations Program (CR), Other , Jersey City, New Jersey
Didn't find what you're looking for? Search again!