Morristown NJ

Part Qualified

Associate

Property & Casualty

Risk

Systems

Pricing

Excel

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace. As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities.We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important, and every accomplishment makes a difference in our results. Come join us!The company is an equal opportunity employer.The Actuarial Technician is primarily responsible for data analysis & organization as it pertains to the Actuarial and Underwriting functions, including for individual account pricing and broader pricing analyses. This role will have a high level of interaction within both the Underwriting and Actuarial teams in support of pricing large and complex Public Entity risks.<ul><li>Support the Underwriting team in scrubbing, organizing, and analyzing account specific loss and exposure data to aid in pricing large individual risks.</li><li>Assist in regular preparation and analysis of proprietary statistical data to inform loss costs, severity distributions, and other pricing considerations.</li><li>Interface with Underwriting and Actuarial departments to ensure data quality standards are met.</li><li>Assist in the development/maintenance/distribution of actuarial reports and databases.</li><li>Provide support in the analysis of various segments of the business for claim trends & profitability.</li><li>Assist the Pricing Actuary with various data requests and pricing analyses.</li><li>Perform other duties as assigned.</li></ul><ul><li>Bachelor’s degree required (or equivalent work experience).</li><li>Advanced knowledge of Microsoft Excel required.</li><li>Excellent capability to organize and analyze various forms of statistical data.</li><li>Some actuarial / applicable problem-solving experience preferred.</li><li>2-5+ years relevant work experience.</li></ul>The company offers a competitive compensation plan and robust benefits package for full-time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship not Offered for this Role.

Company DetailsBerkley One exists to insure and protect the lifestyles of a modern generation of affluence. We seek clients that are sophisticated individuals and families who require world-class risk and claims management customized to their needs.Our culture is one of innovation, creativity, and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the personal insurance marketplace. The company is an equal opportunity employer.ResponsibilitiesWe have an opportunity for a Regional Product Manager to join our Berkley One team! As a key member of our Product Team, you will develop and introduce new or enhanced pricing and product strategies, manage product performance, and help us build our regional product management practice.You'll work collaboratively with various stakeholders including underwriting, actuarial, state filings, compliance, and IT while interacting with external entities including vendors and state insurance departments. Note: this is not an IT position; we are looking for insurance professionals who work in the product management arena.We have a welcoming culture valuing our employees - we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!Key functions include but are not limited to:<ul><li>Manage states to meet profitability and growth targets</li><li>Understand the assigned markets, develop specific state strategies related to price, coverage, and underwriting that lead to profitable growth, and are compliant and competitive in the marketplace</li><li>Work collaboratively with cross-functional teams, notably Actuarial, Analytics, Underwriting, Legal, IT, and Agents, to strategically address needs as they relate to the product</li><li>Measure the impact of product changes and key initiatives to ensure the implementation matches what was planned or expected</li><li>Manage ongoing product performance, research market trends and competitor actions, and make relevant recommendations to ensure continued success</li><li>Assist with evaluating usage/effectiveness of third-party data and in researching and developing new product solutions</li><li>Define detailed product requirements; work with Product Analysts to ensure policy administration systems are programmed according to established requirements</li><li>Creatively solve problems and enhance current processes</li><li>Other projects as assigned</li></ul>Qualifications<ul><li>Bachelor's Degree or equivalent experience</li><li>5+ years of P&C experience with a minimum of 2+ years of product management experience</li><li>Experience with Personal Lines/High Net Worth carrier preferred</li><li>Strong familiarity with insurance contract design, including ISO and others</li><li>Meticulous work quality and accuracy of all forms, filings, documentation, and other work</li><li>Strong analytical skills with an ability to identify trends, communicate results, and take action</li><li>Working knowledge of insurance regulation and related business constraints</li><li>Incredible empathy and understanding of the needs of our customers, both insureds and their agents alike; a strong, pro-active advocate for Berkley One customers and passionate about customer brand and coverage experience</li><li>Exceptional oral and written communication skills; a communication style that is flexible to the situation; able to communicate clearly and with a purpose</li><li>A strong sense of accountability and resourcefulness</li><li>Natural curiosity, a love for learning how things work, and always looking for innovative improvements</li></ul>Sponsorship DetailsSponsorship not Offered for this Role

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