Internship Actuarial Development Program Jobs in Boston, MA

Berkley One is a modern insurance provider for a modern generation of affluence. We serve clients who live dynamic, adventurous lives and expect their insurance experience to match. Our mission is to deliver highly personalized risk and claims management through a blend of expert independent agents, cutting-edge digital tools, and the strength of the Berkley brand.

Why Join Us?

At Berkley One, you'll be part of a forward-thinking team that's reimagining personal insurance. We're building solutions that are as sophisticated and agile as the clients we serve, individuals and families who value innovation, simplicity, and exceptional service. You'll collaborate with passionate professionals, leverage modern technology, and help shape the future of our industry. 

#LI-AV1 #LI-HYBRID

What We Value

• A client-first mindset with a passion for delivering exceptional experiences
• Curiosity, creativity, and a drive to challenge the status quo
• Collaboration across disciplines to build smarter, more intuitive solutions
• Integrity, expertise, and a commitment to excellence

Join us in creating a new standard in personal insurance where protection meets possibility.

This role will be based in our Boston, MA office.  We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

Join a dynamic and forward-thinking actuarial team at a leading High Net Worth Personal Lines Carrier, where your expertise will directly shape pricing strategy, risk management, and business growth. This role offers the opportunity to work on complex, high-impact initiatives in a collaborative and intellectually stimulating environment.

As an Actuarial Analyst, you will report to the AVP, Actuary at Berkley One. You will be responsible for working on state rate reviews, actuarial indications and analysis in support of pricing personal lines products, including building actuarial metrics dashboards.

We'll count on you for:

Rating Development & Competitive Analysis:

• Develop and enhance rating methodologies for both existing and emerging products, leveraging advanced actuarial techniques and data-driven insights to drive competitive differentiation.
• Conduct competitor pricing and segmentation analysis to uncover profitable growth opportunities and identify underperforming segments.
• Recommend targeted corrective actions to optimize portfolio performance.

Advanced Data Analytics & Modeling:

• Prepare and validate complex datasets from internal systems such as exposure, premium, loss, claims, and pricing data, as well as external data sources, using SQL, R, and other analytical tools.
• Apply rigorous data quality checks and exploratory analysis.
• Present actionable recommendations that support strategic decision-making.

Rate Filing Execution & Regulatory Strategy:

• Drive the actuarial components of state expansion and regulatory filings, including competitor benchmarking, actuarial modeling, and documentation.
• Collaborate cross-functionally with Product, IT, and Legal teams to ensure timely and compliant filings that support business growth and profitability.

Innovation & Thought Leadership:

• Champion innovation by identifying emerging trends, tools, and methodologies that enhance actuarial and organizational capabilities.
• Provide leadership within the actuarial team to foster continuous improvement.

Profitability Monitoring & Reporting:

• Maintain robust monthly and quarterly reporting frameworks to monitor underwriting performance and profitability.
• Ensure timely insights that support executive decision-making.

Education:

• Bachelor's degree or equivalent in Math, Statistics, Actuarial Science, or Economics.
• Commitment to continuing education demonstrated by progression through the Casualty Actuarial Society exam program (1-2 exams passed) or other insurance professional designations.
• 0-1 years of actuarial experience in the insurance industry.
• Ideally, candidate will have at least an actuarial internship experience, possibly with a focus on personal lines auto and property lines of business

Technical Proficiency:

• Proficiency with Excel, SQL, and R (or other data scripting/statistical language) is expected.
• Familiarity with Microsoft Office Suite and the ability to quickly learn new software tools is expected.

Customer-Centric Mindset:

• Deep empathy and understanding of the needs of our customers, both insureds and their agents alike, with commitment to delivering thoughtful data-informed solutions.

Communication Excellence:

• Exceptional verbal and written communication skills, with the ability to tailor messaging to different audiences clearly to convey complex concepts.

Professionalism & Collaboration:

• Calm under pressure.
• Highly organized.
• Integrity to follow through on tasks.
• Ability to challenge norms while working collaboratively with colleagues at all levels of the organization.

Leadership:

• A proactive mindset with a strong sense of accountability, initiative, ownership, and leadership.

Curiosity & Innovation:

• Naturally curious and passionate about learning how things work.
  Continuously seeks opportunities for improvement and innovation.

We do not accept any unsolicited resumes from external recruiting agencies or firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $80,000 - $90,000
Eligible to participate in annual discretionary bonus.
Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
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.
Sponsorship not Offered for this Role