Verisk

Actuarial Associate – AI and Data Transformation

Verisk  •  Jersey City, NJ (Hybrid)  •  3 hours ago
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Job Description

Verisk's ISO loss costs and robust statistical data have empowered the P&C industry for decades. New technology promises to help insurers operationalize this data in new ways. For example, natural language chat can augment legacy reports and dashboards. Agentic workflows can help solve repetitive, manual processes. And users can take advantage of semi-structured data across multiple data sources more easily than ever. You will help make this possible for our client insurers.

Achieving this reality requires leaders who can imbue the thoroughness, accuracy, and expertise that the insurance industry demands. We've already proven this is possible: We recently launched an MCP connector exposing our underwriting intelligence.

We are seeking a leader to own this initiative full-time. You will turn early proof points into a roadmap that is regularly delivering new excellence to our customers.

The Team

You will report directly to our Head of Insights and Actuarial Transformation (who is an actuary), on a team focused on the user experience for our actuarial and data products. We expect 1-2 direct reports for this role (also actuaries) to support these initiatives. This position is hybrid from the Jersey City, NJ office or remote from elsewhere with an expectation of working Eastern Time Zone hours.

This role sits at the intersection of our powerful actuarial data, our operational teams who produce the data, and our developer teams who help ship the data through customer-facing infrastructure (including emerging AI technology). You will be the lead stakeholder who ties it all together and ensures we deliver valuable capabilities for our customers.

What You'll Do

  • Own the AI & data transformation roadmap for ISO loss costs and related data. Set realistic, well-scoped deliverables and timelines for how our data gets exposed to and consumed by AI systems.
  • Scope and design the actuarial workflows and data logic that get built into AI-facing and customer-facing tools. You will help create new components and automation that help customers realize value from our loss costs and related data. Your understanding of actuarial and insurance product workflows will make the "intelligence" behind our AI tools smarter and more precise. You will help ensure our solutions are not merely nice-to-have but are adding meaningful value.
  • Reduce friction for data consumption. Build solutions that plug into a variety of AI architectures and ensure that Verisk’s specialized intelligence is maintained throughout.
  • Bridge operational and technical teams. Work closely with the teams that build our core data assets and the teams that maintain customer-facing infrastructure, so both are building toward the same architecture rather than in parallel.

As the world of AI is new and fast-moving, you are not expected to be a technology expert. The role, however, demands you to be an insurance expert. You will make sure that the workflows are built to empower the people that drive success in our industry. You will bring actuarial rigor, use programming creativity, and fill knowledge gaps through collaboration.

  • Bachelor’s degree in actuarial science, mathematics, statistics, or a related major.
  • At least 4 - 6 years of P&C actuarial experience with a focus on pricing or underwriting functions required.
  • Associate of the Casualty Actuarial Society (ACAS) preferred. Exam 5 required.
  • Proficiency in actuarial software and tools (e.g., R and/or Python, SQL, Excel).
  • High degree of agency and ownership; demonstrated ability to operate independently, drive projects forward with limited oversight, and take accountability for outcomes across the full lifecycle of a process or product build.
  • Familiarity with ISO loss costs and/or ISO data products, circulars, etc. is a plus.
  • Interest or experience in generative AI tools is a plus; candidates should be able to speak to how they've used AI on or off the job.
  • Demonstrated ability to work effectively under uncertainty and ambiguity. Experience working with complex and diverse datasets and non-standardized processes.
  • Good interpersonal, oral, and written communication skills, with the ability to explain technical concepts clearly to teammates. Ability to present to audiences and high-profile stakeholders on occasion.
  • Comfort working with external clients and internal stakeholders to advance actuarial solutions to their unique technical problems.

We value people who can foster a culture of actuarial excellence and an appreciation for our industry.

#LI-MC1

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.

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer, testaments to the value we place on workplace culture.

We’re 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

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 and Restoration 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

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

Catastrophe and Risk Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.

Marketing Solutions — delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.

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. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

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.

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About Verisk

Verisk provides expert data-driven analytic insights to the global insurance industry that help businesses, people, and societies become stronger, more resilient, and sustainable.

Since we opened our doors in 1971, we’ve been driven by a passion for using data and insights to make a difference—helping protect people, economies, society, and our planet.

For more than 50 years, we’ve combined our unique data with advanced technologies in new ways to unlock meaningful insights about risk, moving forward to become a global leader in cutting-edge analytics. We’ve stayed at the forefront of developing insurance innovations to help clients manage the risks they face.

Globally, we’re more than 7,500 people strong, all of us on a mission to achieve both profitable outcomes and positive societal impact. Verisk has received U.S. certification from Great Place to Work® for seven consecutive years. Verisk has also earned Great Place to Work certifications in the United Kingdom, Spain, Poland and India. In addition, Verisk was named one of the Best Workplaces in New York by Fortune magazine and Great Place to Work. In the United Kingdom, Verisk was recognized by Great Place to Work as a Best Workplace for women, tech and well-being. Verisk was also honored on the Best Workplaces lists in the UK, Spain and Málaga.

To keep up on the latest Verisk news, follow us on X, Facebook, and YouTube.

Industry
Unknown
Company Size
5,001-10,000 employees
Headquarters
Jersey City, NJ
Year Founded
1971
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