Verist, Inc.
Verist is a provider of holistic insurance and risk management solutions for commercial lines clients. Focused on industry specialization and underwriting acumen, Verist uses digitization and data intelligence to optimize the transfer of risk from our clients to insurers and capital markets. Our mission is to be the market of choice for insurance solutions in our targeted industries and segments.
Role
Role Description
This is a full-time, on-site role based in New York, NY, for a Pricing Actuary. The Pricing Actuary will be dedicated to modeling and pricing renewal and new business policies for the Verist team. The Pricing Actuary will develop and use complex financial models in order to consistently deliver profitable results and sustain the long term strategic direction of the team. This role reports into the Chief Actuary. Responsibilities
Enhances, reviews, and monitors pricing models used throughout the group to ensure they reflect the highest standards and provides consistent indications across all lines of business. Works integrally with underwriting team on deals. Prices complex programs as needed. Drives pricing decisions based on advanced risk pricing tools and legal/macro trend analyses. Liaises with Underwriting, Claims & Loss Control team and the Chief Actuary to ensure that pricing analysis reflects all relevant and applicable information. Works closely with Catastrophe Modelling team to price concentration accounts. Assists pricing studies that monitor the profitability of products. Assists monthly tracking/reporting on key actuarial metrics across all lines of business (Rate change, rate change trends, loss trends, etc.). Handles numerous data and report requests relating to regulatory, rating agency and financial reporting needs. Communicates results, analysis, and recommendations in a manner that is understandable and allows management to make operational changes where necessary. Assists with the production of actuarial reserve reports that comply with actuarial standards of practice. Provides data and information to third party actuaries and auditors and works with the Chief Actuary to respond to questions related to the information provided. Provides subject matter and functional expertise to internal/external stakeholders for their assigned area of responsibility. Develops/maintains key reports and dashboards to support proactive claims monitoring and loss control initiatives. Works with Product teams to support underwriting initiatives. Qualifications
Undergraduate or advanced degree preferred Must have minimum of 5 years of actuarial experience Must have minimum of 5 exams A demonstrated track record of consistently exceeding performance expectations Strong analytical and problem-solving skills Well organized and able to meet deadlines Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint) Excellent communication (both written and verbal) skills Comfortable working in a team setting or independently
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This is a full-time, on-site role based in New York, NY, for a Pricing Actuary. The Pricing Actuary will be dedicated to modeling and pricing renewal and new business policies for the Verist team. The Pricing Actuary will develop and use complex financial models in order to consistently deliver profitable results and sustain the long term strategic direction of the team. This role reports into the Chief Actuary. Responsibilities
Enhances, reviews, and monitors pricing models used throughout the group to ensure they reflect the highest standards and provides consistent indications across all lines of business. Works integrally with underwriting team on deals. Prices complex programs as needed. Drives pricing decisions based on advanced risk pricing tools and legal/macro trend analyses. Liaises with Underwriting, Claims & Loss Control team and the Chief Actuary to ensure that pricing analysis reflects all relevant and applicable information. Works closely with Catastrophe Modelling team to price concentration accounts. Assists pricing studies that monitor the profitability of products. Assists monthly tracking/reporting on key actuarial metrics across all lines of business (Rate change, rate change trends, loss trends, etc.). Handles numerous data and report requests relating to regulatory, rating agency and financial reporting needs. Communicates results, analysis, and recommendations in a manner that is understandable and allows management to make operational changes where necessary. Assists with the production of actuarial reserve reports that comply with actuarial standards of practice. Provides data and information to third party actuaries and auditors and works with the Chief Actuary to respond to questions related to the information provided. Provides subject matter and functional expertise to internal/external stakeholders for their assigned area of responsibility. Develops/maintains key reports and dashboards to support proactive claims monitoring and loss control initiatives. Works with Product teams to support underwriting initiatives. Qualifications
Undergraduate or advanced degree preferred Must have minimum of 5 years of actuarial experience Must have minimum of 5 exams A demonstrated track record of consistently exceeding performance expectations Strong analytical and problem-solving skills Well organized and able to meet deadlines Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint) Excellent communication (both written and verbal) skills Comfortable working in a team setting or independently
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