Carolina Casualty is seeking an Actuarial professional who has a passion for pushing the limits of their actuarial knowledge. This role offers more variety and exposure to the business than a typical actuarial role. The ideal candidate will have the drive to lead projects, provide meaningful insights into the business impact of changes in actuarial analyses, processes, and/or analytical methods. This role will interact regularly with other departments as well as with senior management. Having strong communication skills with the ability to express technical concepts to broader audiences will be key to this role. The position also requires an aptitude for computer programming and model development.
Contribute to rate level targeting by assisting in the design, construction, and implementation of tools and processes for assessing rate adequacy.
Perform regular rate level adequacy reviews of various lines of business and coverages. Make recommendations to the company Actuary.
Help review, develop and maintain the company’s proprietary rating models.
Support the company’s rating plans, rates, factors, and pricing tools, including providing actuarial support of state rate filings.
Assist in the continued development and maintenance of the company’s actuarial database.
Work with other departments in a company-wide effort to improve company efficiency.
Develop data sets for predictive modeling. Participate in predictive modeling efforts. Recommend data elements and structures for adding value to the analysis.
Contribute to the regular business monitors including required corporate reporting. Assist in improvement and development of new reporting tools to help others understand the business.
Assist the Company Actuary with the quarterly reserve analysis. This includes the development of Schedule P as well as actuarial supported financial exhibits.
Work with the underwriters on the modeling of individual accounts as necessary.
Assist other departments with technical needs as necessary.
Our ideal candidate will have the following:
Bachelor’s Degree in Actuarial Science or relatable Academic Discipline (e.g., mathematics, economics, finance)
An Associate or Fellow of the Casualty Actuarial Society preferred
5+ years of related experience
6+ casualty actuarial exams completed
Experience with all or part of: Excel-based pricing model maintenance/development including VBA capabilities, SQL query development and data management, and predictive analytics, XML, R and other
Relatable primary experience and a familiarity with the rate filing process
A familiarly with loss reserving and the financial reporting process
About Carolina Casualty Insurance Group (Berkley Insurance Company)
For 75 years, Carolina Casualty has been a premier insurance brand in the commercial auto industry. We specialize in writing liability, physical damage and cargo insurance for trucking, public auto and other commercial markets. Carolina Casualty is a member company of W. R. Berkley Corporation, an insurance holding company that is among the largest commercial lines writers in the United States.