Description
The Senior Associate Actuary will become an integral part of our Personal Lines Pricing team. This role involves collaborating with fellow actuaries and colleagues across the company to tackle significant business challenges. The Actuarial department at NJM is focused on delivering insights and analysis to address complex business problems, encompassing teams such as Personal Lines Pricing, Commercial Lines Pricing, Reserving, and Predictive Analytics.
Company Culture and Environment
NJM fosters a collaborative and analytical work environment where employees are encouraged to engage with one another to solve business challenges. The culture emphasizes teamwork, professional development, and a commitment to excellence in actuarial practice.
Career Growth and Development Opportunities
As part of the Actuarial team, there are numerous opportunities for professional growth through exposure to various projects and collaboration with skilled colleagues. Your contributions will directly impact the company’s strategic decisions, paving the way for career advancement within the organization.
Responsibilities
- Conduct pricing studies to assess the profitability of Auto and Homeowners insurance products.
- Present findings to the Executive Leadership Team (ELT).
- Analyze rating variables and recommend pricing adjustments.
- Perform competitor analysis to stay informed on market trends.
- Collaborate with the Predictive Analytics team on modeling initiatives.
- Work with Marketing to enhance advertising return on investment.
- Analyze usage-based insurance (UBI) data for pricing recommendations.
- Conduct trend analysis to track changes in claims frequency and severity.
- Assess the impact of crash-avoidance technology on Auto insurance claims.
Qualifications
- Minimum of 7 years of property and casualty actuarial experience.
- ACAS or FCAS credential preferred.
- Strong background in actuarial science or related fields.
Education Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related major.
Experience Requirements
- 7+ years of relevant actuarial experience in pricing and analysis.
- Proven track record of working collaboratively in a team environment.
Employment Type: Full-Time
Education Level: Bachelor's degree
Minimum Requirements: 1. Do you have at least 7 years of P&C actuarial experience? 2. Do you have a Bachelor’s 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.
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