Assistant Vice President & Actuary

Posted 5 Days Ago
Be an Early Applicant
2 Locations
In-Office
160K-230K Annually
Senior level
Insurance
The Role
We seek a qualified Actuary to join our pricing team, focusing on management liability products. Responsibilities include pricing, profitability analysis, and collaboration with underwriters.
Summary Generated by Built In

Who are we? 


A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity: 

BHSI has an exciting opportunity for a fully qualified Actuary to join our US Executive and Professional lines pricing team in either our New York City or Atlanta office. We are looking for an individual who has both an ability to excel and an excellence of character. Our culture is innovative and fast-paced, and this position will be the perfect fit for an individual who is intellectually curious, self-motivated and a collaborative team member. 

This is a senior Actuarial role focused on pricing, profitability, and analytical support for management liability products, including Directors & Officers (D&O), Errors & Omissions (E&O), Cyber, and Financial Institutions. The individual will have a portfolio-management minded approach and the ability to communicate and collaborate effectively with underwriters at a variety of levels. There is the possibility of managing one to two actuarial analysts, dependent on the candidate’s experience and interest level in managing. 

This teammate will take ownership of specific areas of the business and have the freedom to design new analyses or implement improvements. Depending on the teammate’s skills, this could encompass pricing models, portfolio analyses, and database management. 

Duties & Responsibilities:

  • Interpret analytical results, identify trends and drivers, and uncover the “story behind the data”
  • Communicate findings clearly and effectively to underwriting, product, and senior leadership audiences, bridging technical detail with business implications
  • Partner closely with underwriting and product teams to support pricing decisions, new initiatives, and portfolio management
  • Recalibrate benchmark premiums, loss costs, and pricing assumptions based on emerging experience, market conditions, and underwriting strategy
  • Perform detailed profitability and performance analyses across Executive & Professional lines, evaluating results by product, segment, limit profile, and industry
  • Lead rate change analyses
  • Build, enhance, and maintain rating tools and raters used by underwriters
  • Execute ad hoc data pulls and exploratory analyses to respond to underwriting, claims, and management requests
  • Identify opportunities to redesign, streamline, or improve pricing and analytical processes to support growth and profitability

 

 Qualifications, Skills and Experience:

  • FCAS designation required
  • 7 – 10+ year of experience
  • Ability to work independently, manage multiple priorities, and deliver high-quality analysis with limited oversight
  • Demonstrated expertise in raters, pricing models, and large, complex datasets
  • Proficiency in SQL, R and VBA strongly preferred.
  • Proven strength in interpreting results, forming clear conclusions, and effectively communicating insights to both technical and non-technical stakeholders
  • Strong interpersonal skills and the ability to work in a team environment as well as independently. 
  • Effective time management, with the ability to juggle multiple projects at the same time.

    BHSI Offers:

  • A competitive package and exciting growth opportunities for career-oriented teammates.
  • A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
  • A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.
  • Benefits that support your life and well-being, which include:
    • Comprehensive Health, Dental and Vision benefits
    • Disability Insurance (both short-term and long-term)
    • Life Insurance (for you and your family)
    • Accidental Death & Dismemberment Insurance (for you and your family)
    • Flexible Spending Accounts
    • Health Reimbursement Account
    • Employee Assistance Program
    • Retirement Savings 401(k) Plan with Company Match
    • Generous holiday and Paid Time Off
    • Tuition Reimbursement
    • Paid Parental Leave

The base salary range for this position is $160,000 to $230,000, along with annual bonus eligibility. Total compensation for a candidate is determined by their relevant skills, location, and experience. We value our teammates – both their capabilities and character – as demonstrated by our amazing culture.

Skills Required

  • FCAS designation required
  • 7 - 10+ years of experience
  • Ability to work independently and manage multiple priorities
  • Expertise in raters, pricing models, and datasets
  • Proficiency in SQL, R, and VBA

Berkshire Hathaway Specialty Insurance Compensation & Benefits Highlights

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

  • Retirement Support Retirement support includes a 401(k) plan with matching contributions, which contributes to the overall value of the package. Performance bonuses are also described as part of the broader financial benefits offering.
  • Leave & Time Off Breadth Time-off provisions are framed as generous, with generous paid time off and company holidays included in the described package. Parental leave and a return-to-work program also add to the overall time-away coverage.
  • Fair & Transparent Compensation Pay is at times characterized as competitive or decent, and some roles include employer-provided salary ranges that help set expectations. This range disclosure suggests at least partial transparency depending on role and location.

Berkshire Hathaway Specialty Insurance Insights

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The Company
HQ: Boston, MA
1,492 Employees

What We Do

Berkshire Hathaway Specialty Insurance is an organization committed to providing long-term risk solutions and claims care to our customers backed by the financial strength of Berkshire Hathaway. We’re passionate about analyzing risk markets and tailoring insurance solutions that provide businesses with the flexibility they need to pursue opportunities. Accessibility, collaboration, responsibility, and integrity are at the core of how we conduct business. Ease of doing business is a priority, which means our teammates are empowered to collaborate and think creatively to achieve customer satisfaction. Our company culture puts a premium on responsiveness so we can get business done effectively, efficiently, and thoroughly. Come learn more about our products and services, our mission and our culture at www.bhspecialty.com. Follow us on Twitter at http://twitter.com/bhspecialty.

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