Trenton, NJ, 08629, USA
108 days ago
Actuarial Analyst II
NJM Insurance Group (NJM) seeks Actuarial Analysts II to join our Personal Auto and Homeowners Insurance pricing teams. 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 Pennsylvania. 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. About Actuarial The Actuarial department at NJM provides insight and analysis to help solve business problems in support of the company’s profitable growth. The department consists of the following divisions: Personal Lines Pricing, Commercial Lines Pricing, Reserving, and Predictive Analytics. The Role As an Actuarial Analyst II, you will collaborate with other actuaries and colleagues across the company to solve important business problems. Potential projects include the following: + Perform pricing studies to evaluate the profitability of our insurance products. + Perform analysis on 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 2 years of P&C actuarial experience. + A Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related major. + Excellent verbal and written communication skills. + Interest in pursuing the ACAS and FCAS credential from the Casualty Actuarial Society. Salary Range: $75,000 - 94,500. Compensation is commensurate with experience and credentials. Legal Disclaimer: NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business. What Makes NJM Different? The NJM team comprises talented people who do the right thing by our policyholders and each other. You’ll be part of a financially strong and stable company that has flourished on relationships, integrity, and service for more than a century. NJM is a special place where you can propel your career, help others, and make friends—all at the same time. NJM is proud to offer our employees continuous learning options, outstanding benefits, access to wellness programs, and opportunities to give back to the communities we are privileged to serve. We have been named a Forbes America’s Best-in-State Employer for five consecutive years. Come join us! It’s time for you to make a difference on our remarkable team.
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