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Lead Pricing Actuary
Company : Nautilus Insurance Company
Location : Morristown, NJ, 07960
Job Type : Full Time / Part Time
Date Posted : 14 January 2026
Company Details
Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace. As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities.
We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important, and every accomplishment makes a difference in our results. Come join us!
The company is an equal opportunity employer.
https://www.berkleypublicentity.com/
Responsibilities
The Lead Pricing Actuary supports the Chief Actuary by performing specific class reviews, analysis of benchmark rates, working with the Underwriting and Claims Department on trends and metrics, and performing due diligence analysis and updates for pricing models and new products.
- Assists in the monitoring/analysis of key strategic business metrics for claims, underwriting, and management
- Performs pricing analyses for large accounts and works with Underwriting to determine appropriate premium, structure, rate need, etc.
- Prepares pricing studies / rate reviews for the development of proprietary loss costs and severity curves
- Prepares special studies as needed (rate indications, rate of return, large loss analysis, frequency & severity trends)
- Coach and mentor 1 to 2 analysts as it pertains to pricing workflow/projects consisting of: guidance for workflow, prioritization of pricing projects, and providing overall leadership for BPE’s complex pricing needs
- Interface with underwriting and product development on issues related to BPE pricing models, pricing tools and new products
- Assists the Finance Department in pricing/price monitoring issues
- Assists the Chief Actuary in the planning/budget process preparation
- Manages data needs for developing proprietary rates
Qualifications
- Bachelor’s Degree required, preferably in Mathematics or Actuarial Science.
- Minimum of 5-7 years of experience in the Property/Casualty Insurance industry.
- Public Entity sector experience preferred.
- Primary focus on the Pricing Practice area preferred.
- Member of the Casualty Actuarial Society.
- ACAS designation required.
- Effective communication skills, both verbal and writing.
- Strong research and analytical skills.
- Proficiency with MS Office Suite; knowledge of SQL language; knowledge of R, Python, etc. is a plus.
Education Requirement
- Bachelor’s Degree required, preferably in Mathematics or Actuarial Science.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $160,000 - 175,000 The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Eligible to participate in the annual discretionary bonus program Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.Sponsorship Details
Sponsorship not Offered for this RoleRelated Jobs
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Frequently asked questions
Mastering SQL is crucial for handling large datasets, while proficiency in R or Python can elevate your pricing model development. Combined with MS Office skills, these tools enable a Lead Pricing Actuary at Nautilus to deliver precise rate analyses and support innovative insurance solutions effectively.
By collaborating closely with underwriting, the Lead Pricing Actuary ensures premium structures and rates align with risk assessments. This interplay refines pricing strategies, promoting balanced risk management and competitive offerings tailored to public entity insurance needs.
In Morristown, evolving local public entity risks and regulatory shifts require constant vigilance. Pricing Actuaries must interpret fluctuating claim trends and frequency-severity data, adjusting loss costs with precision to maintain profitability and regulatory compliance.
The ACAS designation is highly regarded, signifying proficiency in casualty actuarial science. In New Jersey, employers like Nautilus Insurance appreciate candidates with this credential, alongside strong analytical skills, reflecting readiness to tackle complex pricing projects in a competitive market.
Progression often involves expanding expertise in pricing strategies, mentoring analysts, and influencing product development. Leadership roles demand strategic insight, communication excellence, and the ability to integrate data-driven decisions, paving the way toward chief actuary or senior management positions.
Nautilus emphasizes a culture where each contribution counts, fostering collaboration and innovation. The Lead Pricing Actuary not only delivers technical pricing expertise but also mentors teams, aligning with the company’s commitment to employee growth and market leadership in public entity insurance.
Besides standard pricing analyses, Nautilus expects the Lead Pricing Actuary to actively engage with underwriting and claims for trend analysis, manage proprietary data for rate development, and participate in planning and budgeting, reflecting a holistic approach uncommon in typical actuarial roles.
Salaries typically range from $160,000 to $175,000 annually, influenced by role complexity, candidate experience, and relevant certifications like ACAS. Nautilus also offers bonuses and comprehensive benefits, making total compensation competitive within the regional property/casualty insurance market.
Daily responsibilities include analyzing local public entity claim trends, adjusting pricing models for regional risk factors, collaborating closely with underwriting teams, and mentoring junior analysts. The Morristown market’s specific public entity focus demands tailored pricing strategies reflecting local regulatory and risk dynamics.
Morristown’s insurance sector shows steady demand for experienced Pricing Actuaries, with companies valuing strong casualty actuarial credentials and public entity experience. Opportunities at firms like Nautilus are sought-after due to their robust benefits and culture, making the competition moderately intense.