Actuarial Analyst

Join to apply for the Actuarial Analyst role at Key Risk (a Berkley Company)

The company is an equal opportunity employer.

With over 35 years of proven expertise in the workers' compensation industry, Key Risk delivers innovative and responsive solutions that provide our clients the freedom to do what they do best. Offering guaranteed cost options to employers nationwide, Key Risk focuses on delivering products and services within specialized verticals to reduce workers' compensation exposures and deliver industry-leading results.

All products and services are distributed through appointed insurance agents and brokers. Key Risk is a member company of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong), by S&P.

For further information about Key Risk please visit

Key Risk’s Actuarial/Business Intelligence and Analysis team transforms raw data into actionable business solutions. They leverage their in-depth industry knowledge to draw relevant insights and utilize statistical models and algorithms to deliver strategies for effective data analysis and to facilitate communications of these results to our organization’s decision makers. The team is aligned into three core pillars: (1) Pricing/Profitability/Performance Analytics, (2) Data Science/Predictive Modeling, and (3) Reserving/Budgeting.

The Associate Actuary is responsible for developing, reviewing, and communicating actuarial analyses and models in collaboration with assigned associates and various teams across the WR Berkley enterprise. These analyses support the estimation of expected losses across the insurance portfolio and the projection of future financial outcomes. This role specifically will support pricing, profitability tracking, and predictive modeling/analytics for Key Risk.

To enhance the department’s contribution to the company’s success, the Associate Actuary is also expected to proactively identify, recommend, and communicate improvements to actuarial processes and analytical methods in response to evolving market and operational conditions.

The Associate Actuary will report directly to the Chief Actuary in a leadership role for analytics at Key Risk.

• Manage staff in the Actuarial/BI&A team directly as well as other associates indirectly, depending on the project.
• Engage regularly with senior management teams at the strategic level to execute on goals.
• Collaborate across the operating functions at Key Risk and within the mono-line WC segment to implement process efficiencies through automation and predictive analytics.
• Maintain a leadership role in project management and project execution on Actuarial and BI&A related undertakings.
• Create and deliver presentations to internal stakeholders as needed.
• Provide subject matter expertise for the Data Science and Analytics Data Engineering team to effectively enhance our data analytics data stores.
• Pursue ongoing professional development through actively maintaining eligibility in the Actuarial Study Program, continuing education, advanced accreditation in the insurance and analytics fields, and participating on professional advisory boards and committees.
• Pricing/Profitability/Performance Analytics – Accountable for timeliness and quality of Actuarial aspects of product development, pricing, profitability analyses.
• Data Science/Predictive Modeling – Accountable for the timely execution of high-value data science projects.

• CAS membership or near attainment of the ACAS credential is preferred. Pursuit of ACAS and/or FCAS designation required.
• Bachelor’s or advanced degree in mathematics, statistics, actuarial science, or other similar quantitative field (or college degree with significant technical experience in a corporate setting).

• A minimum of 5 years of actuarial experience, preferably with extensive background in pricing and data science.
• Advanced knowledge of actuarial rate making methodologies.
• Intermediate to advanced knowledge of predictive analytics techniques and model deployment.
• Proficiency working with…