Assistant Actuarial Analyst, Pricing

Aegis • East Rutherford, NJ

8d • $70,000 - $80,000

About The Position

AEGIS Insurance Services Inc. has an immediate opening for: Assistant Actuarial Analyst, Pricing Job Description: AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for an Assistant Actuarial Analyst, Pricing to support the development, maintenance, and enhancement of models, collaborate cross-functionally with internal stakeholders such as Claims, Underwriting, and IT, and contribute to rate monitoring and adequacy analyses. The ideal candidate is analytically strong, a clear communicator, and actively pursuing membership in the Casualty Actuarial Society (CAS).

Requirements

• Actuarial internship or relevant experience in the insurance industry desired
• Undergraduate degree in Actuarial Science, Mathematics, Statistics, or a related discipline
• Completion of at least 1 CAS exam
• Proficiency in Microsoft Excel, including advanced functions and data analysis tools
• Demonstrated ability to think programmatically and apply problem-solving skills
• Exposure to programming languages such as SAS, R, Python, SQL, and/or VBA is desired, with the ability to manipulate data, automate processes, and support model development
• Collaborative Communications and Behavior: Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace
• Initiative and Accountability: Proactively addresses opportunities to enhance AEGIS’ people, processes, products, and services, takes ownership for one’s responsibilities by acting with integrity and in the best interest of the organization and stakeholders
• Quality-Focused: Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
• Service-Oriented: Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers

Responsibilities

• Support pricing analyses for large individual accounts, incorporating loss-sensitive program structures and translating underwriting objectives into actuarial frameworks using appropriate techniques and tools
• Assist in producing monthly rate monitoring analyses, identifying trends and the underlying factors contributing to movements in rate levels
• Contribute to semi-annual reviews of rate adequacy and support the development of pricing strategies by analyzing historical performance, trend studies, industry benchmarks, and emerging risks to evaluate pricing effectiveness and inform strategic decision-making
• Support the development, maintenance, and enhancement of actuarial pricing models to support pricing requests and improve pricing precision
• Contribute to the development and implementation of predictive analytics tools to enhance pricing precision and identify new risk signals
• Assist in maintaining thorough documentation of model assumptions, methodologies, and updates to ensure transparency and reproducibility
• Collaborate closely with Underwriting and other business units to ensure pricing recommendations are well-informed and actuarially sound
• Communicate complex actuarial concepts clearly and concisely to non-technical stakeholders, supporting informed decision-making
• Maintain steady progress toward CAS credentials and actively participate in internal training, knowledge-sharing sessions, and industry learning opportunities

Benefits

• In addition to base salary, AEGIS employees are eligible to participate in the Company’s annual incentive program, with competitive awards based on corporate and individual performance.
• Health: medical and prescription coverage, behavioral health, dental, vision, health savings account (includes a Company contribution), and flexible spending accounts
• Retirement: 401(k) plan that includes matching contributions and an additional Company contribution of 4% (subject to IRS limitations)
• Income Protection: basic and supplemental life insurance, short-term and long-term disability coverages, accident and critical illness insurance
• Wellness: on-site health and fitness center, on-demand fitness and well-being app, and employee assistance program with support on mental health, financial, and legal services
• Additional benefits: commuter benefits that include a transit subsidy from the Company, pet insurance, paid time off (vacation, floating holidays, sick, and Company paid holidays), and a variety of leaves of absence (health, family, and military)
• Educational assistance and professional development opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level