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- Tasks: Lead actuarial analysis and collaborate with underwriting for profitable growth.
- Company: Nautilus Insurance Group provides innovative insurance solutions for over 35 years.
- Benefits: Enjoy paid parental leave, flexible work options, and exclusive discounts on travel and entertainment.
- Why this job: Join a culture committed to service and professional growth with opportunities for impactful work.
- Qualifications: Bachelor's degree in a related field and 5 years of actuarial experience required.
- Other info: Flexible arrangements and a newly renovated fitness centre available for employees.
The predicted salary is between 48000 - 72000 £ per year.
As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide. We have specialized in providing these solutions for more than 35 years. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis. Our offerings are distributed through partnerships with appointed wholesale surplus lines producers.
Benefit Highlights:
- Paid Parental Leave: Childbirth Recovery Leave and Primary Caregiver Leave for up to a maximum of 12 weeks of paid leave.
- Medical, Dental, and Vision coverage options, along with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) choices.
- 401(k) program, profit sharing, stock purchase plan, life insurance, and travel accident insurance options.
- One paid day off per year to volunteer at a local charity.
- Tuition Assistance and Industry-Related Education and Exam programs.
- Special cell phone service discounts with Verizon and AT&T.
- Cost-free access to thousands of exclusive travel and entertainment discounts through the Plum Benefits program.
- Flexible work arrangements.
- On-site newly renovated fitness center - free to use for employees.
- Yoga and other classes available for a nominal fee.
Responsibilities:
- The Lead Actuary will be part of the growing Berkley team working closely with the Chief Actuary and be the primary liaison with Underwriting.
- Perform advanced actuarial analysis, inclusive of advanced analytics and modeling, resulting in suggestions for actions.
- Lead processes for the department such as Rate Reviews, Reserving Analyses, Modeling, Budget, Price Monitoring, etc.
- Translate the needs of business leaders into insightful exhibits, analyses, and/or tools.
- Assist Underwriting in identifying segments with profitable growth potential; identify under-performing segments and propose corrective actions to improve profitability.
- Provide assistance in the development of rating methodologies concerning both existing and new company products.
- Manage priorities to meet mandated deadlines and keep discretionary projects moving with a sense of urgency.
- Support the monthly and quarter financial close with reporting requirements.
- Automate routine processes for greater efficiencies.
- Share the results of actuarial analyses with non-actuarial peers and executives through effective verbal and written communication and effective exhibits.
- May perform other functions as assigned.
Qualifications:
- Bachelor’s degree in actuarial science, mathematics, economics, statistics, or any related field.
- At least 5 years of Property/Casualty actuarial work, Commercial Lines Pricing and Reserving experience preferred.
- ACAS designation or higher preferred.
- Proficient in Microsoft Excel, SQL, Visual Basic, R, PowerBI.
- Practical experience using statistical techniques to build predictive models addressing underwriting or claim issues.
The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full-time regular employees.
Director, Actuary employer: W. R. Berkley Corporation
Contact Detail:
W. R. Berkley Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Actuary
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work in Property and Casualty insurance. Attend industry events or webinars to connect with potential colleagues at Nautilus Insurance Group and gain insights into their company culture.
✨Tip Number 2
Familiarise yourself with the latest trends in actuarial science and analytics, particularly in relation to commercial lines pricing and reserving. This knowledge will not only enhance your expertise but also demonstrate your commitment to staying current in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully collaborated with underwriting teams in the past. Highlight your ability to translate complex actuarial analyses into actionable insights that drive profitable growth.
✨Tip Number 4
Showcase your proficiency in tools like SQL, R, and PowerBI during discussions. Be ready to explain how you've used these tools to automate processes or improve efficiencies in previous roles, as this aligns with the responsibilities of the Director, Actuary position.
We think you need these skills to ace Director, Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial science, particularly in Property/Casualty work. Emphasise your skills in advanced analytics, modelling, and any specific software like SQL or PowerBI that the company values.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with their needs, particularly your experience in leading actuarial processes and collaborating with underwriting teams.
Showcase Your Achievements: Include specific examples of past successes in your application. Highlight instances where your actuarial analyses led to profitable growth or improved efficiency, as this will resonate with the company's focus on profitability.
Proofread and Edit: Before submitting your application, thoroughly proofread all documents. Ensure there are no grammatical errors or typos, as clear communication is crucial for this role. A polished application reflects your attention to detail.
How to prepare for a job interview at W. R. Berkley Corporation
✨Understand the Company and Its Values
Before your interview, take some time to research Nautilus Insurance Group. Familiarise yourself with their core values, especially 'Committed to Serve', and think about how your own values align with theirs. This will help you demonstrate your fit for the company culture.
✨Prepare for Technical Questions
Given the technical nature of the Director, Actuary role, be ready to discuss your experience with advanced actuarial analysis, pricing, and reserving. Brush up on relevant statistical techniques and tools like SQL, R, and PowerBI, as you may be asked to provide examples of how you've used them in past roles.
✨Showcase Your Communication Skills
As this position requires collaboration with non-actuarial peers and executives, be prepared to demonstrate your ability to communicate complex actuarial concepts clearly. Think of examples where you've successfully translated technical information into actionable insights for stakeholders.
✨Discuss Your Leadership Experience
The role involves leading processes and managing priorities, so be ready to share your leadership experiences. Highlight instances where you've led teams or projects, particularly in a fast-paced environment, and how you ensured successful outcomes while meeting deadlines.
