Actuarial analyst Jobs in Elizabeth, NJ

The Strategic Actuarial Operations (SAO) team is looking for talent for our rapidly expanding scope of internal and external facing responsibilities, where we look for efficiencies and enhancements to our actuarial and business processes, but also advance the stories we tell through insurance data and innovate the way we deliver and how clients work with our analytic products and actuarial content. You will be part of a team that uses actuarial techniques and methodologies to make an impact on the insurance industry through Verisk's core lines loss cost products. You will also utilize analytical and creative thinking to architect new capabilities and user experiences for our forward-looking digital platform.

In this position, you may be asked to take on multiple projects simultaneously, sometimes working independently, but more often collaborating across business units, including data, product development and IT. You will also get exposure to working with state insurance departments as part of our loss cost filing process and responsibilities.

• Prepare products for regulators and internal & external customers in a timely and accurate manner. Products may include experience review analyses, state loss cost filings and other actuarial circulars, other customized data analyses and business intelligence tools and dashboards and thought leadership articles to meet customer needs.
• Coding logic and program troubleshooting to extract data for analysis and report compilations.
• Review the quality of premium, exposure, loss and claim data submitted by insurance companies both on a semi-aggregate level for use in actuarial methodologies and analyses
• Develop more efficient, automated ways to improve business processes and customer experience. This can include providing suggestions for improvements in data quality analysis diagnostics and content visualization and delivery mechanisms.
• Help respond to questions from regulators and insurers on loss cost filings and other analytic products.
• Collaborate with other core lines business units and subject matter experts (actuarial, datal and technology) to improve data quality, product development, actuarial procedures and U / X to help our customers overcome challenges.
• Be our expert for data storytelling, who can identify the insights that are important to our customers and colleagues, and find creative ways to communicate that information
• Bachelor's degree with concentration in a quantitative discipline such as Statistics, Mathematics, Actuarial Science, Economics, Engineering, or Physical Sciences
• 1-5 years of P&C insurance industry experience, especially insurance data management, actuarial practices, and familiarity with the ISO / Verisk core business
• Strong analytical, problem solving, decision-making skills and technical aptitude
• Self-motivated, customer oriented, possessing leadership qualities, able to work independently and as part of a team
• Excellent verbal and written communication skills
• Working knowledge of SQL, R, Python, or other general-purpose programming languages and familiarity with other BI tools (PowerBI, Tableau, ThoughtSpot)
• Proficiency in Microsoft Office (Excel, Word, PowerPoint)
• Ability to work on several projects concurrently, and under time constraints with the ability to adapt in the face of changing priorities

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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, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland. We value learning, caring and results and make inclusivity and diversity a top priority. In addition to our Great Place to Work® Certification, 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 and Best Employer for Women, 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

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Property Estimating 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.

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