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Actuarial Analyst - Property

Company: Verisk Analytics
Location: Jersey City
Posted on: November 19, 2021

Job Description:

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: ? 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 geopolitical issues. 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. The ISO Commercial Property Actuarial Product team is seeking an Actuarial Analyst Sr. to join the Commercial Property Actuarial Product team. The Commercial Property Product team is responsible for Commercial Property, Commercial Inland Marine, Equipment Breakdown, and a few minor property lines. The team is responsible for analyzing and creating pricing for new and emerging insurance risks; performing deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages; leading efforts in secure filing of pricing changes; providing supports for filings of coverage changes; and maintaining customer focus in all their work. The successful candidate shall enjoy identifying and solving complex actuarial problems, be comfortable working with team members in high-profile projects and own part of the processes, and have the ability to explain work in non-technical contexts to internal and external customers. The role will require frequent communication with many of the functional areas of the ISO Underwriting organization. More specifically, we expect you to: * Work on projects independently that target on developing enhancements and innovations to actuarial products and procedures for CP * Collaborate closely with other ISO divisions on new products that may be actuarial or underwriting focused * Maintain a high level of customer engagement through product presentations and responses to customer inquiries * Provide actuarial analyses in supporting, maintaining and enhancing existing CP actuarial products * Be a key contributor in the effort to develop a more modern rating infrastructure for class rated and specifically rated property risks * Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers * Interact with regulatory authorities to support filings of loss cost reviews and new/enhanced products * Bachelor's degree in Mathematics, Statistics, Actuarial Science or related majors * Passing of 2 or more actuarial exams. Striving to attain ACAS or FCAS * 2 years' experience working on team(s) and or projects, with strong records of building great internal or external customer relationships that focus on gaining actionable insights and forming collaborative partnerships with the goal of innovation, product improvement, or ease of use * Demonstrated ability to lead initiatives, work independently and as part of a team * Strong interpersonal, oral, and written communication skills, including presentation skills * Knowledge of market, industry, customer, and competitor trends * Familiarity with predictive analytics modeling preferred but not required * Strong computing skills desired, such as SAS, SQL, Python,, Access, and Excel #LI-YD1 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 law.

Keywords: Verisk Analytics, Jersey City , Actuarial Analyst - Property, Professions , Jersey City, New Jersey

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