Actuarial Analyst I
New Jersey Manufacturers•Trenton, NJ
•Onsite
About The Position
The Actuarial Analyst I will support NJM’s efforts to attract new policyholders, retain existing policyholders, and honor our commitment to pay claims by developing fair and competitive pricing, providing comprehensive product analysis, and ensuring that NJM maintains a strong financial position.
Requirements
- Bachelor’s degree in actuarial science, mathematics, statistics, or related field.
- 0-2 years of property and casualty actuarial experience.
- Successful completion of at least one Casualty Actuarial Society (CAS) exam.
- Proficiency in Microsoft Excel, Word, and PowerPoint.
- Excellent verbal and written communication skills.
Nice To Haves
- Experience with SQL, SAS, or other programming languages a plus.
Responsibilities
- Perform pricing studies to evaluate the profitability of our Auto, Homeowners, Workers’ Compensation, and Commercial Package insurance products.
- Analyze rating variables based on company data and competitor information and recommend changes.
- Perform analysis of frequency, severity, and premium trends.
- Perform analysis of loss and LAE reserves.
- Assist with the annual loss and LAE ratio planning process.
- Collaborate with cross-functional teams to develop business insights and recommendations.
- Contribute to the ongoing development of actuarial tools and processes to enhance the department’s capabilities over time.
Benefits
- 401(k) with employer match up to 8% and additional service-based contributions
- Health, Dental, and Vision insurance
- Life and Disability coverage
- generous PTO
- Paid Sick Leave
- paid parental leave in addition to state-mandated leave
- discretionary bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
