Associate Actuary

Who are we?

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI) provides a broad range of commercial property, casualty, and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway's insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty, and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an Associate Actuary to join our State Affairs team supporting bureau-based and proprietary products across lines including Auto, General Liability, and Property. The State Affairs team supports BHSI's admitted platform holistically to ensure profitable and compliant products are built, filed, implemented, monitored, reported, and maintained.

We are looking for an individual who has a high level of accountability, a sense of urgency, attention to detail, and excellence of character. Our culture is fast-paced, challenging, ever-changing yet rewarding. This position will be a great fit for an outside-the-box problem solver who is self-motivated, adaptable, positive, and collaborative.

Duties & Responsibilities:

Development and Maintenance of:

• Rating algorithms, rates, and rating plans of new and existing admitted products that ensure BHSI is profitable, compliant, and relevant in a rapidly changing competitive landscape
• All supporting filing exhibits, transmittals, and objection responses that will secure timely approvals countrywide
• Compliant Excel pricing tools for new/existing products and working with IT to ensure proper system rating and data requirements are created, tested, and implemented
• Profitability metrics and reporting including but not limited to rate indications and book monitoring dashboards that proactively gauge the health of the business
• Analyses refining pricing and portfolio segmentation using key risk attributes, including communicating findings to Actuarial and Underwriting partners and assessing impacts on current rating plans and systems
• Relationship with business partners including Underwriting and Claims, sharing key insights on a regular basis, and understanding their views of the market and legal environment

Qualifications, Skills, and Experience:

• ACAS or approaching ACAS designation
• 4+ Years of Experience
• Rate Filing / Product Development experience desired
• ISO/AAIS bureau product knowledge desired
• High proficiency in Microsoft Office suite
• Proficiency in SQL, R/Python, and VBA desired
• Advanced multi-tasking and prioritization skills to manage rapidly shifting projects effectively
• Strong interpersonal skills, with the ability to proactively work in a team environment as well as independently

BHSI Offers:• A competitive package and exciting growth opportunities for career-oriented teammates• A dynamic, action-oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework

The base salary range for this position in New York is from $130,000.00 to $160,000.00, along with annual bonus eligibility; a candidate's salary is determined by their relevant skills and experience. We value our teammates - both their capabilities and character - as demonstrated by our amazing culture.

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Members may perform other related duties as negotiated to meet the ongoing needs of the organization