Senior Actuarial Analyst - HYBRID (Short Hills, NJ, Charoltte, NC or Hartford, CT)
About The Position
At Selective, we don't just insure uniquely, we employ uniqueness. Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2025 and certification as a Great Place to Work® in 2025 for the sixth consecutive year. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. Overview Supports Actuarial Advanced Analytics department in the development, evaluation, and implementation of Selective’s decision support (predictive) models. Also supports Selective’s Knowledge Management strategic initiative. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Requirements
- Requires solid actuarial and analytical skills, along with a developing financial acumen. Effective communication and interpersonal skills also required. Must effectively train and develop junior actuarial staff.
- Bachelors Degree Required; Mathematics, Actuarial Science, Statistics or Economics preferred.
- 4 years of Property/Casualty actuarial work experience.
Responsibilities
- Work together with actuarial and data science colleagues to build/refresh pricing models for all of Selective’s lines of business.
- Performs adjustments to raw historical policy data that will be used in modeling, including loss development, trend, premium on-leveling, and elimination of discretionary pricing activity. Perform reconciliation of data used in modeling to other sources.
- Perform variable selection, including univariate analysis and evaluate strength of the predictive models through the use of lift curves and other diagnostics.
- Perform analysis regarding the impact of proposed models on individual SBUs, regions, etc. Compare candidate predictive models and make recommendations about which models are the most appropriate.
- Document all analysis and recommendations regarding the development and evaluation of predictive models.
- Work with IT and other departments regarding the creation of model variables using both internal and external data. Develop an automated scoring engine and work with IT department on testing.
- Provide actuarial support and validation throughout deployment of models.
Benefits
- Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life.
- These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and 20 days of paid time off.
- Additional details about our total rewards package can be found by visiting our benefits page.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
