Senior Actuarial Analyst - Excess and Surplus

The Excess and Surplus Lines unit is looking for an E&S Actuary to contribute their knowledge and experience to developing Verisk’s product suite supporting the non-admitted market. The E&S Actuary will join our growing actuarial team and be responsible for supporting our development of innovative actuarial product solutions to help the industry better price and manage non-admitted risks. 
 

In this role, you will bring your technical expertise and industry experience to bear onto some of the most challenging, unconventional, and complex risks and problems in the property & casualty market. Working in a space of ambiguity and uncertainty, you will be able to apply your actuarial creativity in a fast-moving segment not subject to standard rate and form requirements and build solutions for a rapidly evolving industry segment with significant growth potential. Your work will have a direct impact on Verisk’s strategic vision to provide data-driven analytical solutions to the E&S industry. 

Hybrid from the Jersey City, NJ office preferred, but open to remote.

About the Day-to-Day Responsibilities of the Role

• Develop creative actuarial solutions for complex risks and problems that don’t fit the traditional admitted market framework.

• Navigate and synthesize disparate data sources of varying granularity and complexity typical of the E&S space.

• Provide actuarial expertise to support the buildout of data intake processes for contributory E&S premium, loss, and exposure data, and to translate data into actionable actuarial and underwriting insights and analytics. 

• Analyze contributory, proprietary and other third-party data to support the development of analytics and pricing solutions for E&S customers. 

• Solve technical client problems with minimal guidance, including working directly with client data and actuarial teams. 

• Collaborate with Verisk E&S team colleagues and other Verisk cross-functional teams to deliver solutions to customers. Liaise closely with other business units and experts across Verisk, including data operations, analytics, and commercial and personal lines actuarial. 

• Assist in other relevant customer- and market-facing projects and engagements.

   

About You and How You Can Excel in This Role

• Bachelor’s degree in actuarial science, mathematics, statistics, or related majors. 

• At least 3 – 5 years of diverse actuarial experience, with a focus on commercial casualty pricing (E&S and non-admitted market experience strongly preferred) 

• Associate of the Casualty Actuarial Society (ACAS) required.

• Proficiency in actuarial software and tools (e.g., SAS, R, Python, and Excel). Proficiency in SQL required. Experience with generative AI tools in a production environment would be a plus. 

• Data management skills or knowledge of insurance data management and databases required. 

• Demonstrated ability to work effectively under uncertainty and ambiguity. Experience working with complex and diverse datasets and non-standardized processes.

• Good interpersonal, oral, and written communication skills. Ability to convey technical actuarial concepts to non-actuarial or technical stakeholders. 

• Comfort working simultaneously with multiple external client teams and internal stakeholders to advance actuarial solutions to their unique technical problems.

• Reserving experience and predictive modeling experience is a plus.

 

#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, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, 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 and Best Employer for Women, 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

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

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