Are you passionate about solving complex actuarial challenges and shaping the
future of insurance products? Join our dynamic Business Owners Actuarial Product
team as an Actuarial Associate, specializing in Farmowners insurance. In this
pivotal role, you'll help drive innovation in pricing methodologies, analyze
emerging risks, and support enhancements for our Farmowners program.
As part of the Businessowners Product team, you'll collaborate with
cross-functional partners to develop and refine pricing strategies for new and
existing products. You'll lead and participate in high-impact projects,
contribute to secure regulatory filings, and ensure our offerings remain
competitive and customer-focused.
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.
RESPONSIBILITIES
Work on projects independently or in collaboration with other functional
areas that target on developing enhancements and innovations to actuarial
products and procedures for the ISO Farmowners program
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
Farmowners 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
QUALIFICATIONS
Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related
majors
ACAS preferred
5+ years of P&C actuarial experience; property and/or pricing experience
preferred
Familiarity with Farmowners insurance or similar coverages is strongly
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
#LI-MC1
#Remote
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, the fourth consecutive
year in the UK, Spain, and India, and the second consecutive year in Poland. In
addition, 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, 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
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Verisk invests in a benefits package for all employees that includes the
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