Actuarial Associate - Data Engineering & Analytics Lab (DEAL)
- Full-time
- Salary - Max.: $150,000.00
- Disclaimer: Annualized base pay may vary depending on geographic location, job-related knowledge, skills, and experience.
- Salary - Min.: $125,000.00
- Verisk Business: Underwriting Solutions
- U.S. State: New Jersey
Company Description
We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.
Job Description
The Data Engineering & Analytics Lab (DEAL) is responsible for the design and implementation of our core statistical data-systems including data ingestion, data integration, data transformation, data analysis, and analytic dataset construction. We’re an innovation group that is charged with visualizing the future of our organization’s operations and leveraging our expertise in data, technology, P&C insurance, and process optimization to provide a first-class analytics environment to our data-collection, data-management, actuarial, and data-analytics colleagues.
The DEAL team is looking to hire an experienced Actuarial Associate, ideally having a good combination of an analytical/innovative mindset, technical aptitude, line of business experience, and communication skills. For internal candidates, this position is open to grade level 15-17.
This is a hybrid role that will combine actuarial and data engineering skills and will be expected to manage multiple work-streams supporting a wide array of internal customers.
The role will have responsibility for managing all aspects of a line of business's data-infrastructure from ingestion to analytic frameworks to content generation.
Some anticipated work assignments include:
Build and maintain robust data engineering process to develop and implement self-serve data
Support product implementation on a new and innovative technology platform with product requirements, actuarial calculations, methods, and validation
Design, build and launch extremely efficient & reliable data pipelines to move data (both large and small amounts) in/out of our Snowflake Data Lake
Assist with product development and implementation including modeling and assumption development
Execute data engineering projects ranging from small to large either individually or as part of a project team
Perform other tasks on R&D, data governance, system infrastructure, and other cross team functions, on an as-needed basis
Adopt an agile framework to schedule work, adjust as needed and continuously improve performance
Communicate performance with relevant internal stakeholders
Work with data analysts to develop reports and visualizations
Assist in scoping and designing analytic data assets
Find opportunities to create, automate and scale repeatable analyses or build self-service tools for business users
You will be part of a culture that embraces learning and innovation, values teamwork, recognizes and rewards achievements and excellence, and provides personal and professional enrichment opportunities.
Qualifications
Bachelor’s degree in a quantitative (STEM) discipline with 4+ years of work experience in data\actuarial analysis & data engineering
Completion of CAS Exam 5 (Basic Ratemaking), ACAS or higher preferred
Minimum 4 years of experience working with property & casualty insurance data, preferably supporting an actuarial/data-science function in one of the following lines of business (Commercial Property, General Liability, Commercial Auto, Personal Auto)
Highly proficient with SQL and database concepts
Familiarity with rating manuals, loss cost (rate) filings, and statistical data
Experience in preparing and conducting extensive business analysis and studies, process assessments, data analysis, and requirement specification
Proficiency in Python, object-oriented programming, and data structures
Strong technical and project management/process leadership skills
Excellent verbal and written communication skills required
#LI-MC1
Additional Information
In 2022, Verisk received Great Place to Work® Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We’re also one of the 38 companies on the UK’s Best Workplaces™ list and one of 18 companies on Spain’s Best Workplaces™ list.
For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we’ve grown to provide analytic insights that help transform industries focused on some of the world’s most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.
Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.
We’re 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.
Everyone at Verisk—from our chief executive officer to our newest employee—is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
• Be Remarkable by doing something better each day in service to our customers and each other
• Add Value by delivering immediate and sustained results that drive positive outcomes
• Innovate by redefining what’s possible, embracing challenges, and pushing boundaries
Verisk Businesses
Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision
Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences
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
Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.
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
Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement
Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger
At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the 7th consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce. Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.
Verisk Analytics is an equal opportunity employer.
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.
http://www.verisk.com/careers.html
Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.