Job Description
Senior Associate Actuary
West Trenton, New Jersey - Hybrid
Must be a US Citizen or Green Card holder.
- The client seeks a Senior Associate Actuary to join our Personal Lines Pricing team.
ABOUT ACTUARIAL:
- The Actuarial department at NJM provides insight and analysis to help solve complex business problems.
- The department consists of the following teams: Personal Lines Pricing, Commercial Lines Pricing, Reserving, and Predictive Analytics.
ROLE AND RESPONSIBILITIES:
- As an Associate Actuary, you will collaborate with other actuaries and colleagues across the company to solve important business problems. Potential projects include the following:
- Perform pricing studies to evaluate the profitability of our Auto and Homeowners insurance products. Present results to the Executive Leadership Team (ELT).
- Analyze rating variables and recommend pricing changes.
- Perform competitor analysis to maintain awareness of pricing and product developments in the marketplace.
- Collaborate with the Predictive Analytics team on modeling projects.
- Partner with Marketing to help drive higher returns on advertising expenditures.
- Analyze usage-based insurance (UBI) data and offer recommendations on pricing changes.
- Perform trend analysis to understand changes in the frequency and severity of insurance claims.
- Analyze the impact of crash-avoidance technology on Auto insurance claims.
- This is a hybrid position with some on-site and telecommuting availability each week.
Required Knowledge, Skills, and Abilities: (Hiring Companies ATS Questions):
1. Do you have at least 7 years of P&C actuarial experience.
2. Do you have a Bachelors degree in Actuarial Science, Mathematics, Statistics, Economics, or related major.
3. Do you have ACAS or FCAS credential.
4. Must be a US Citizen or Green Card holder.