Farmowners Actuary

About the Role

The Business Owners Product team is responsible for analyzing and creating pricing for new and emerging insurance risks, performing deep dives into pricing methodologies, and leading efforts in secure filing of pricing changes. The team's focus on customer-centricity and innovation makes it an exciting place to work for professionals who are passionate about making a difference in the insurance industry.

The Farmowners Actuary will work closely with the coverage team and may represent Farmowners in supporting cross-LOB initiatives and Reimagine initiatives. This role requires a strong understanding of coverage forms and language, rating rules, and the insurance market. Familiarity with Farmowners insurance or similar coverages is strongly preferred.

What You Will Do

• Analyze emerging risks and develop pricing strategies for new and existing products
• Collaborate with cross-functional partners to refine pricing methodologies and ensure regulatory compliance
• Lead and participate in high-impact projects to drive innovation in insurance products
• Contribute to secure regulatory filings and ensure that Verisk's offerings remain competitive
• Develop and maintain relationships with internal stakeholders, including the coverage team and cross-LOB partners
• Represent Farmowners in supporting cross-LOB initiatives and Reimagine initiatives
• Stay up-to-date with industry trends and emerging risks, and apply this knowledge to drive business growth
• Work closely with the actuarial team to develop and implement new pricing methodologies
• Communicate complex actuarial concepts to non-technical stakeholders, both internally and externally
• Participate in meetings and discussions with regulators, insurers, and other industry professionals

What We Are Looking For

• Strong analytical and problem-solving skills, with the ability to analyze complex data sets and develop creative solutions
• Excellent communication and interpersonal skills, with the ability to communicate complex ideas to non-technical stakeholders
• Strong understanding of actuarial principles and practices, with the ability to apply this knowledge in a business context
• Experience with pricing methodologies and regulatory compliance, preferably in the insurance industry
• Familiarity with coverage forms and language, rating rules, and the insurance market
• Ability to work independently and as part of a team, with a strong focus on collaboration and teamwork
• Strong organizational and time management skills, with the ability to prioritize tasks and manage multiple projects simultaneously
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
• Professional certifications, such as the Associate of the Casualty Actuarial Society (ACAS) or the Chartered Property Casualty Underwriter (CPCU)

Nice to Have

• Experience with Farmowners insurance or similar coverages
• Knowledge of programming languages, such as R or Python
• Experience with data visualization tools, such as Tableau or Power BI
• Familiarity with cloud-based technologies and agile development methodologies

Benefits and Perks

• Competitive salary and bonus structure
• Comprehensive benefits package, including health, dental, and vision insurance
• 401(k) matching program and retirement savings plan
• Flexible work arrangements, including remote work options and flexible hours
• Professional development opportunities, including training and education programs
• Access to cutting-edge technologies and tools
• Collaborative and dynamic work environment with a team of experienced professionals
• Recognition and reward programs for outstanding performance and contributions
• Paid time off and holidays, including a generous vacation package
• Employee assistance program and mental health resources
• Diversity, equity, and inclusion initiatives and programs
• Community outreach and volunteer opportunities
• Wellness programs and employee wellness initiatives

• Develop a strong understanding of actuarial principles and practices, and be prepared to apply this knowledge in a business context.
• Showcase your ability to communicate complex ideas to non-technical stakeholders, both internally and externally.
• Highlight your experience with pricing methodologies and regulatory compliance, preferably in the insurance industry.
• Be prepared to discuss your experience with data analysis and programming languages, such as R or Python.
• Show your passion for innovation and customer-centricity, and be prepared to discuss how you would drive business growth in this role.
• Research Verisk's company culture and values, and be prepared to discuss how you would contribute to the team's success.
• Prepare examples of your experience with project management and teamwork, and be prepared to discuss how you would prioritize tasks and manage multiple projects simultaneously.