Berkley Health Care – Actuarial Job Posting (P&C Role)

Hello Students in Actuarial Science,

We are pleased to share with you an actuarial job posting from Berkley Healthcare. They are ideally looking for a recent graduate or a pending December graduate to hit the ground running in the New Year with this dynamic organization

Please note that this posting is for a role in the P&C sector, in case there was some confusion based on the organization’s name. It should also be clear to you in the Qualifications section of the posting below. You can also access the posting directly at the following link:

 https://careers-berkley.icims.com/jobs/5656/actuarial-analyst/job

Feel free to reach out to the hiring manager directly. You may contact Jeremy Johnson, SVP – Actuarial, at jjohnson@berkleyhealthcare.com and send your resume directly to get the process started.

Responsibilities

The Actuarial Analyst position will be part of the Berkley Healthcare Actuarial/Data/Analytics team.  In this role, you will support all aspects of pricing for several key lines of business including medical malpractice, financial lines, and commercial auto for Berkley Healthcare.   Areas of responsibility include:

  • Develop and upgrade pricing models as needed
  • Review and update actuarial assumptions underlying pricing models
  • Drive improvements in data collection and management of data supporting pricing
  • Work closely with underwriting on account specific and aggregate pricing issues
  • Enhance underwriting support tools including metrics and dashboards

As a member of the Actuarial/Data/Analytics team, you will have opportunities to also contribute to reserving, analytics and other non-pricing projects as they arise.  Our team is highly collaborative and values flexibility in job duties and responsibilities.  This environment provides for multi-dimensional career growth.  A successful candidate will demonstrate eagerness to continually learn and work hard in a fast-paced environment

Qualifications

  • Bachelor’s degree from an accredited university or college
  • 3+ years of experience working in property/casualty insurance
  • Successful completion of 3 or more actuarial exams preferred but not required
  • Proficient in Microsoft Excel, Access, SQL, Visual Basic
  • Excellent communication skills
  • Willing and able to continuously learn and adapt in a dynamic environment

Berkley Core Competencies:

 At Berkley Healthcare, we expect employees not only to have the required Technical Skills and Competencies to perform their jobs, but also to exhibit the following Company Core Behaviors:

  • Managing Self (You know how to manage your emotions and apply critical thinking skills instead)
  • Courage (You aren’t afraid to speak up and have your opinion and voice heard; you do what is right)
  • Reflective Listening (You seek to understand before being understood)
  • Challenging Status Quo (You ask “why” or “why not”; you don’t accept, “just because”)
  • Evidenced-based Decision Making (You seek out the facts to make informed decisions)
  • Effective Collaboration (You work well with others to accomplished team goals; you understand that individuals win when the team wins)
  • Resilience (You don’t let failures or mistakes set you back; you see mistakes as learning opportunities)

ASRM Course Updates

Hello Students in Actuarial Science,
As the Fall 2021 term comes to an end, we wanted to emphasize the importance of some of the course offerings for Spring 2022. While many of you may have already completed your course registration, the information below may be of interest to some of you:
ASRM 472
For those students who are studying for SOA/CAS exams, ASRM 472 prepares students for a very significant portion of SOA Exam LTAM and covers core actuarial mathematics that will be the foundation for application in several actuarial career streams. With the coming changes to the SOA curriculum, the course material will be also relevant for the new FAM and ALTAM exam components.
We have observed that some students may be considering ASRM 409 instead of ASRM 472. The course material in ASRM 409 covers approximately 25% of the CAS MAS-I exam and some concepts in STAM such as the poisson process and aggregate compound models. It also covers some concepts in LTAM such as homogeneous/non- homogenous Markov Chain used in multi-state models. Comparatively, ASRM 472 covers the most critical components of the existing LTAM exam and the future ALTAM exam.
ASRM 410
Similarly, students who are studying for SOA/CAS exams, ASRM 410 will prepare students for exam IFM/3F in 2022, with the last sitting in November 2022 before the transition to the new curriculum. If you can pass exam IFM, you will not need to take the new Exam ATPA (Advanced Topics in Predictive Analytics) that will come into effect after the transition. The first offering of Exam ATPA will be in June 2022.
Our suggestion is that you prepare for Exam IFM as early as possible unless you want to take Exam ATPA instead. The ATPA exam is expected to be more programming focused. Keep in mind that the IFM exam is much more well established than the new exams. There are already more readily available study materials to prepare for this exam, e.g. study manuals, question banks, online exam prep programs, etc. Most new exams introduced by the SOA are advanced levels of existing exams, which we expect may have a higher level of difficulty compared to the exams being removed. We want students to be aware and understand the risks of forgoing the opportunity to prepare for and pass a well-established exam.
One additional note about ASRM 410 for ASRM students interested in concepts of financial mathematic: for students completing the MS program, the restriction on receiving credit for only one of ASRM 410 or ASRM 510 has been removed, so now students can receive degree credit for both courses.
Feel free to reach out to the Actuarial Science Office if you have any questions.
Regards
Paul

Milliman x Northwestern Mutual Actuarial Career Day: Save the Date

Good Morning Students in Actuarial Science,

The Milliman Milwaukee and Chicago offices will be hosting a virtual Actuarial Career Day event for undergraduate and graduate students on Thursday, January 6, 2022. This is an all-day event that will feature educational topics and case studies designed to help students learn more about actuarial science. This year Milliman has begun a hosting partnership with Northwestern Mutual. Both organizations believe this will help present a more complete picture of actuarial careers.

Please see the attached flyer for more details.

Actuarial Career Day – Save the Date – 2022

Actuarial Science @ Illinois: Advising & Opportunities
Computing Applications Building
Room 264, 605 E. Springfield
Champaign, IL 61820
217-300-0111
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