[Hiring] Farmowners Actuary @Verisk

Role Description

Are you passionate about solving complex actuarial challenges and shaping the future of insurance products? Join our dynamic Business Owners Actuarial Product team as an Actuarial Associate, specializing in Farmowners insurance. In this pivotal role, you'll help drive innovation in pricing methodologies, analyze emerging risks, and support enhancements for our Farmowners program.

As part of the Businessowners Product team, you'll collaborate with cross-functional partners to develop and refine pricing strategies for new and existing products. You'll lead and participate in high-impact projects, contribute to secure regulatory filings, and ensure our offerings remain competitive and customer-focused.

The role will focus on supporting the Farmowners program. This will include ratemaking and loss cost reviews as well as general product support and enhancements. Familiarity with Farmowners insurance or similar coverages is strongly preferred.

The successful candidate will enjoy identifying and solving complex actuarial problems, be comfortable working with team members on high-profile projects, and have the ability to explain work in non-technical contexts to internal and external customers.

Responsibilities

• Work on projects independently or in collaboration with other functional areas that target developing enhancements and innovations to actuarial products and procedures for the ISO Farmowners program.
• 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 Farmowners actuarial products.
• 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.

Qualifications

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related majors.
• ACAS preferred.
• 5+ years of P&C actuarial experience; property and/or pricing experience preferred.
• Familiarity with Farmowners insurance or similar coverages is strongly preferred.
• Experience in quantitative and qualitative data analysis strongly preferred.
• 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.

Benefits

• Health Insurance
• Retirement Plan
• Disability benefits
• Paid Time Off program