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Verisk
Actuarial Associate - Farmowners. Job in Jersey City Gr8Jobs
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$129,264 / year median in New Jersey
-5% projected decline
Job Description
hackajob is collaborating with Verisk to connect them with exceptional professionals for this role. Description We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners. The Businessowners Product team is responsible for Businessowners and Farmowners. 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 the Farmowners program. This will include ratemaking and loss cost reviews as well as general product support and enhancements. Familiarity with Farmowners insurance or similar coverages is strongly preferred. The ideal candidate will also have an understanding of coverage forms and language, rating rules, and the insurance market. In addition, this person will work closely with our coverage team and may represent Farmowners supporting cross-LOB initiatives and Reimagine initiatives.