Actuarial Associate

The Arium models quantify the systemic and emerging liability risks that can lead to significant aggregations and clash risks across portfolios.

These risks range from climate change to recessions to chemical exposures, and span major commercial liability lines, including commercial general liability and professional/management liability lines.

Your actuarial, modeling, and (re)insurance knowledge will have a direct impact on model development and support this fast-growth space in the liability industry.

This role is part of the Arium analytics team and can be based out of the Jersey City, Boston, or London office.



* Apply actuarial and predictive modeling techniques to enhance the Arium model, such as developing new trending methodologies, and modeling settlements on pending cases


* Act as the go-to expert for actuarial insights and approaches for commercial liability lines of business, including technical peer review of models and model components


* Collaborate closely with other business units and experts across Verisk, including other catastrophe modeling and research teams in Extreme Event Solutions and actuarial, coverage, and emerging issues research departments within Verisk Underwriting Solutions


* Support alignment of Arium modeling methodologies with the best-in-class approaches and insurance industry expectations


* Support Arium client services through responses to relevant client inquiries and, as needed, presentations to clients, including insurers, reinsurers, and brokers



* Bachelor's Degree in Mathematics, Economics, Statistics, or other related majors


* US Candidates: ACAS (or near ACAS) with minimum of 4 years industry experience preferred


* UK Candidates: IFoA Qualified (or near qualified) with minimum of 4 years industry experience preferred


* Experience in pricing, reserving, and/or modeling for multiple commercial liability lines, including commercial general liability and professional lines


* Catastrophe modeling experience would be a plus


* Highly proficient in Microsoft Excel


* Proficient with SQL


* Experience with data cleaning and pre-processing


* Experience in predictive modeling with Python or R preferred


* Strong interest in modeling and data science applications in insurance and risk management


* Ability to work independently and as part of a team


* Strong interpersonal, oral, and written communication skills, including presentation skills

#LI-MC1

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.

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