Actuarial Analyst

The Berkshire Hathaway Group of Insurance Companies is looking for an actuarial analyst to support functions at the insurtech initiatives biBerk (www.biberk.com) and THREE (www.threeinsurance.com). This person will be part of a small, fast-paced team and gain exposure to many parts of the company and insurance product. The ideal candidate will be able to juggle multiple priorities with accuracy and have an entrepreneurial spirit. They will support Pricing, Business Analysis and Product Development units and serve as a technical resource in the development and testing of rating and policy administration systems for assigned lines of business.

At biBerk and THREE, our actuarial positions span a wide range of actuarial functions. We have the stability and support of being in a large organization while maintaining a broad exposure to the insurance product you are working on to develop your skills.

This job is hybrid with 2 mandatory in-office days per week (Tuesday & Wednesday) at our Stamford, CT location.

Why THREE and biBerk Insurance

THREE is a disruptive insurance project created to provide comprehensive coverage to small businesses under a proprietary coverage form which is only three pages long. It was built to make the insurance policy readable and understandable. Starting with the coverage form, innovation is embedded in our culture.

biBerk provides fast, simple insurance policies to small businesses through both direct and agency distribution channels. Customers are able to choose exactly what they need with coverage tailored to their business.

We have a competitive actuarial study program and prioritize your individual success in passing actuarial exams.

Job Responsibilities

• Work alongside actuaries and product manager of Commercial Auto and/or Businessowners lines.
• Prepare indications and supporting documentation for rate filings, as well as responding to questions from regulators.
• Prepare quarterly profitability studies.
• Evaluate existing and new rating variables to improve the product.
• Evaluate third party data for use in underwriting and pricing.
• Perform competitive analysis for both pricing and coverage.
• Maintain company pricing tables and premium at present rates program.
• Monitor underwriting application actions and suggest changes to streamline the process.
• Additional duties as assigned such as special actuarial projects, monitoring regulatory and legislative activities, corresponding with insurance departments, data science projects, etc.

Qualifications

• Bachelor’s degree in mathematics or related field or equivalent experience
• 2 or more passed actuarial exams
• 2 or more years in Commercial Auto or Property and General Liability experience
• Advanced use of Excel
• Proficient in SQL
• Experience coding in Python
• Excellent oral and written communication
• Be able to work independently and as part of a team
• Some experience in predictive modeling techniques preferred
• A curiosity and passion for actuarial work

Disclaimer Clause:

The statements herein are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

About Us

biBerk is where commercial insurance buyers can obtain coverage for their businesses from insurers of the Berkshire Hathaway group of Insurance Companies, one of the best capitalized insurance groups in the world. Our ultimate parent, Berkshire Hathaway Inc. (berkshirehathaway.com) is a holding company with diversified interests in a host of industries, including insurance, energy, transportation and manufacturing. Most policies issued through biBerk.com will be underwritten by Berkshire Hathaway Direct Insurance Company ("BHDIC"), which is an AM Best rated A++ insurer.

BHDIC is domiciled in Omaha, Nebraska. BHDIC and the team at biBerk are focused on helping small business owners quickly and easily buy affordable insurance directly from a financially strong insurance company they can trust.

Some highlights of our benefits are:

• Great work environment with growth opportunity
• Subsidized downtown parking (for in-office positions)
• Competitive compensation
• Generous amounts of vacation and sick time
• Closed on major holidays
• 401(k) with company match
• A fantastic healthcare package
• Tuition reimbursement after 6 months of employment
• Service recognition after 5 years of employment

In accordance with pay transparency laws and regulations, the following good faith compensation range estimate is being provided.  The salary range for this position is $85,000 to $125,000 per year.  Final compensation will be based on candidate qualifications, geographic location, and other considerations permitted by law.