Actuarial Analyst-Commercial Property

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The ISO Commercial Property Actuarial Product team is seeking an Actuarial Analyst Sr. to join the Commercial Property Actuarial Product team.

The Commercial Property Product team is responsible for Commercial Property, Commercial Inland Marine, Equipment Breakdown, and a few minor property lines. The team is responsible for analyzing and creating pricing for new and emerging insurance risks; performing deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages; leading efforts in secure filing of pricing changes; providing supports for filings of coverage changes; and maintaining customer focus in all their work.

The successful candidate shall enjoy identifying and solving complex actuarial problems, be comfortable working with team members in high-profile projects and own part of the processes, and have the ability to explain work in non-technical contexts to internal and external customers. The role will require frequent communication with many of the functional areas of the ISO Underwriting organization.

Responsibilities:

• Work on projects independently that target on developing enhancements and innovations to actuarial products and procedures for CP
• Collaborate closely with other ISO divisions on new products that may be actuarial or underwriting focused
• Maintain a high level of customer engagement through product presentations and responses to customer inquiries
• Provide actuarial analyses in supporting, maintaining and enhancing existing CP actuarial products
• Be a key contributor in the effort to develop a more modern rating infrastructure for class rated and specifically rated property risks
• Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers
• Interact with regulatory authorities to support filings of loss cost reviews and new/enhanced products

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related majors
• Passing of one or more actuarial exams. Striving to attain ACAS or FCAS
• 3 years’ experience working on team(s) and or projects, with strong records of building great internal or external customer relationships that focus on gaining actionable insights and forming collaborative partnerships with the goal of innovation, product improvement, or ease of use
• Demonstrated ability to lead initiatives, work independently and as part of a team
• Strong interpersonal, oral, and written communication skills, including presentation skills
• Knowledge of market, industry, customer, and competitor trends
• Familiarity with predictive analytics modeling preferred but not required
• Strong computing skills desired, such as SAS, SQL, Python,, Access, and Excel

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ISO, a Verisk business, has been a leading source of information about property/casualty insurance risk since 1971. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. To learn more about ISO please visit us at: www.verisk.com/iso. We are proud to be a part of the Verisk family of companies!

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