Senior Actuarial Analyst at INSURANCE SERVICES OFFICE INC in Jersey City, New Jersey

Job Description:

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 will enjoy identifying and solving complex actuarial problems, be comfortable working with team members on 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 focus on supporting ISO Commercial Property ratemaking and loss cost reviews, therefore a strong understanding of basic ratemaking and proficiency in data analysis are strongly preferred. This person will be expected to make recommendations and selections under the existing ratemaking framework as well as guide further enhancements to the process. It will require frequent communication with many of the functional areas of the ISO Underwriting organization.

• Work on projects independently or in collaboration with other functional areas that target on developing enhancements and innovations to actuarial products and procedures for Commercial Property ratemaking


• 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 Commercial Property actuarial products


• 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 three or more actuarial exams; ACAS or near-ACAS preferred


• 3+ years of P&C actuarial experience; property and/or pricing experience preferred


• Experience in quantitative and qualitative data analysis strongly preferred


• 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

About Us
For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland. We value learning, caring and results and make inclusivity and diversity a top priority. In addition to our Great Place to Work® Certification, we've been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World's Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We're 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions - provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions - supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions - offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions - provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions - provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions - delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement

Life Insurance Solutions - offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft - provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

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. Verisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

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