Actuarial Consultant - Government Relations

Posted 4 Days Ago
Be an Early Applicant
Hiring Remotely in Jersey City, NJ, USA
In-Office or Remote
Senior level
Analytics
The Role
Supports insurance underwriting and catastrophe modeling businesses with actuarial regulatory filings, state regulator engagement, predictive model initiatives, rate-making peer review, and regulatory strategy. The role prepares presentations, responds to filing inquiries, advises on state-specific recommendations, maintains regulator relationships, and supports approval of ISO products. Occasional travel to regulator meetings and industry conferences is required.
Summary Generated by Built In

Verisk’s' Government Relations Department (GRD) is in search of a talented ACAS/FCAS for the role of Government Relations Actuarial Consultant. As part of the Government Relations team, you will support as needed the Verisk business as a whole with focus on our Underwriting Solutions group including their flagship product of ISO Core Lines Programs (forms, rules, & loss costs) and other underwriting products, as well as our catastrophe modeling products from Verisk’s Catastrophe & Risk Solutions (CRS). 

Responsibilities
  • Work with the business units and the GRD team to support and secure timely approval from state regulation of ISO's core products (loss costs, related rules, statistical data) for all lines of business.
  • Work with the business units in support of predictive modeling initiatives. 
  • Support Verisk’s Catastrophe & Risk Solutions (CRS) team as needed with model review, regulator acceptance, etc. 
  • Grow understanding of CRS models and usage between Verisk business units and products.
  • Make regular visits to or have regular contact with state regulators to resolve issues and maintain relationships.
  • Develop and implement strategies to achieve positive regulatory action in response to new ISO programs and high priority filings. 
  • Make presentations to state regulators and other audiences as necessary to secure regulatory acceptance of ISO initiatives. 
  • Provide complete and timely actuarial support for regulatory inquiries on ISO filings.
  • Provide actuarial peer review to new or modified ratemaking methodologies. Stay abreast of all relevant ASOPs and NAIC activity for their impact on ISO products.
  • Provide business units with state-specific Government Relations input and filing recommendations in response to actuarial ALERT indications for assigned lines / states.
  • Foster positive regulatory environment and provide support for ISO's interactions with the independent bureaus.
  • Occasional travel required for industry conferences, regulator visits, etc. 
Qualifications
  • Bachelor’s degree in actuarial science, mathematics, statistics, or related majors. 
  • Associate (ACAS) or Fellow (FCAS) of Casualty Actuarial Society. 
  • Minimum 7 years insurance experience desired. Deep knowledge of regulatory issues, industry, market, etc. desired. 
  • Broad familiarity with most ISO lines of business preferred.
  • Excellent interpersonal, oral and written communication skills, including presentation skills. 
  • Excellent negotiating skills.
  • Ability to work independently and as part of a team.
  • Familiarity with catastrophe and predictive analytics modeling preferred.
  • Familiarity with filing process and regulatory concerns preferred.
  • Computer skills: Excel, Word, PowerPoint required; basic understanding of programming preferred.
  • Some travel required.

#LI-MC1

About Us

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, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, 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, 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 and Restoration 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

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

Catastrophe and Risk Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.

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

Verisk Analytics is an equal opportunity employer.

Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

Verisk Employee Privacy Notice

Skills Required

  • Bachelor’s degree in actuarial science, mathematics, statistics, or a related major
  • Associate (ACAS) or Fellow (FCAS) of the Casualty Actuarial Society
  • Minimum 7 years of insurance experience
  • Deep knowledge of regulatory issues, the insurance industry, and markets
  • Broad familiarity with most ISO lines of business
  • Excellent interpersonal, oral, written, and presentation skills
  • Excellent negotiating skills
  • Ability to work independently and as part of a team
  • Familiarity with catastrophe and predictive analytics modeling
  • Familiarity with filing processes and regulatory concerns
  • Computer skills with Excel, Word, and PowerPoint
  • Basic understanding of programming
  • Willingness to travel as required

Verisk Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Verisk and has not been reviewed or approved by Verisk.

  • Retirement Support A strong company 401(k) match is specified, with additional references to profit‑sharing. Together these create a solid foundation for long‑term savings.
  • Healthcare Strength Medical, dental, vision, HSA/FSA, and life and disability coverage are described positively. Mental‑health support and broader well‑being programs are also highlighted.
  • Leave & Time Off Breadth Generous PTO and paid holidays are noted alongside flexible/remote work options and volunteer time. Companywide well‑being days further expand time‑off options.

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The Company
HQ: Jersey City, NJ
2,129 Employees
Year Founded: 1971

What We Do

Verisk is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Our team of nearly 9,000 helps customers make crucial decisions every day about risk—with greater precision, efficiency, and discipline.

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