Sr actuary Trenton NJ

Job Description

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Experience level: Mid-senior Experience required: 7 Years Education level: Bachelor’s degree Job function: Finance Industry: Insurance Compensation: $131,000 - $160,000 Total position: 1 Relocation assistance: No Visa sponsorship eligibility: N

OVERVIEW

NJM Insurance Group (NJM) seeks a Senior Associate Actuary to join our Personal Lines Pricing tea

ABOUT ACTUARIAL

The Actuarial department at NJM provides insight and analysis to help solve complex business problem

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 followin

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

QUALIFICATIONS

At least 7 years of P&C actuarial experienc

A Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related major

Excellent verbal and written communication skills

ACAS or FCAS credential

ABOUT NJM: Founded in 1913, NJM is a regional property and casualty insurer with a national reputation for auto claims satisfaction. NJM offers Auto, Homeowners, Renters, Condo, and Umbrella insurance to individuals in Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania

NJM also offers Workers’ Compensation, Commercial Auto, Commercial Package and Businessowners insurance to businesses in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvani

NJM's mission is to provide value-based insurance solutions for the benefit of our policyholders while maintaining the highest levels of service, integrity, and financial stewardship.1a.....e.:.........g::.s.:m.:oity, and financial stewardship.

Skills