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:
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a Senior Actuarial Analyst to join our Global Actuarial Team in our Boston office. We are looking for an individual who has both an ability to excel and 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.
As part of the North American Accident & Health Team, this teammate will be responsible for providing support for our suite of A&H products, including our fast-growing Employer Stop Loss product. This role will have frequent communication with the wider A&H team, including underwriting, operations, IT, and claims, and will share expertise with a global community of actuaries.
Duties & Responsibilities:
- Develop, implement, and maintain quantitative diagnostic tools to be used by underwriters in pricing individual risks and managing a portfolio of business.
- Research and develop new pricing techniques and enhance existing methods.
- Collaborate effectively with the actuarial data and analytics team to enhance processes and maintain a high standard of data integrity.
- Provide support for rate changes and underwriting adjustments.
- Provide insights into the company’s business using the combination of tools needed to best complete each task (e.g. SQL, R, Excel).
Qualifications, Skills and Experience:
- Bachelor’s degree or equivalent training in computer science, actuarial science, mathematics, economics, statistics or related field.
- Actively pursuing the FSA designation.
- Successful completion of at least five actuarial exams is required.
- 3+ years of relevant work experience, preferably in medical stop loss or other accident & health products.
- Intermediate to advanced Excel skills.
- Proficiency with SQL or R is preferred.
- Exceptional verbal and written communication skills.
- Strong interpersonal skills and the ability to work in a team environment as well as independently.
- Strong desire to learn from and share knowledge with teammates.
- 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 in Boston is $100,000 to $120,000, 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.
NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.
Skills Required
- Bachelor's degree in related field
- Actively pursuing FSA designation
- Completion of at least five actuarial exams
- 3+ years of relevant work experience
- Intermediate to advanced Excel skills
- Proficiency with SQL or R
- Exceptional verbal and written communication skills
- Strong interpersonal skills
- Effective time management skills
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.
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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.
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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.
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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
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.
