Actuarial Jobs in Berkeley, CA

Description:

What to expect:

As a Reinsurance Actuary on the Global Analytics team, you will be an individual contributor who, with minimal supervision, serves as a strategic actuarial and analytics partner to brokers and clients. You will build and communicate complex analyses that evaluate assumptions, premiums, and risk; assess industry factors that affect loss liabilities; and consult with clients on reinsurance actuarial services that help assess and mitigate risk.

You’ll bring together the GC view, client view, and market view to deliver insight that is technically rigorous and commercially actionable. You’ll also help modernize how we work by using AI to streamline and augment analyses, leveraging modern tooling such as Databricks and Python to improve speed, consistency, and scalability.

The position can be based in our New York City, Morristown, Philadelphia, Minneapolis, Dallas, Atlanta, Seattle, San Francisco or Chicago office. This is a hybrid role that has a requirement of working at least three days a week in the office.

We will count on you to:

• Consult with brokers on client needs and advise on reinsurance programs based on risk tolerance and industry trends to help clients mitigate risk.

• Communicate strategically with brokers, reinsurers, and clients to anticipate needs and drive usage of reinsurance actuarial services.

• Implement complex models/calculations to assess risk and develop pricing and strategies for a range of risk exposures.

• Evaluate how reinsurance structures and expected results impact the client’s overall financial standing (e.g., earnings volatility, capital position) and ensure program design meets client needs.

• Use AI-enabled approaches to streamline and augment repeatable work (e.g., analysis setup, sensitivity testing, QA checks, documentation, and executive summaries) while maintaining actuarial standards and controls.

• Help create broking-aligned strategies that support revenue generation, including identifying opportunities and positioning analytics-led solutions that strengthen client relationships.

What you need to have:

• ACAS with 5–7 years in the industry.

• Bachelor’s degree in Actuarial Science, Economics, Math, Statistics, or related field.

• Pricing, valuation, and/or capital modeling experience.

• Strong skills in Microsoft Office suite.

• Visualization skills (Power BI, Tableau, or similar).

• Excellent communication skills (verbal and written).

• Coding experience in programming languages/tools (e.g., Python, Alteryx, R, VBA, SQL); comfort working with modern analytics platforms such as Databricks.

• Comfortable working in interactive teams with brokers and clients.

• Ability to lead day-to-day parts of a project and make decisions to keep projects moving forward.

• Strong problem-solving skills.

What makes you stand out:

• Reinsurance actuarial, stochastic modeling and/or capital modeling experience.

• Experience influencing senior management

• Diverse background working in various roles and lines of business.

• Demonstrated use of automation/AI to improve analytical efficiency and consistency.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being

At Guy Carpenter, a Marsh business, you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success, learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career.Guy Carpenter is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Guy Carpenter, visit guycarp.com, or follow us on LinkedIn and X.Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.The applicable base salary range for this role is $114,700 to $210,400.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.