Overview:

This Assistant Actuary position is responsible for supporting the Casualty pricing unit of Commercial Insurance (CI) Actuarial, with focus on the specialty lines.  The role is based in our Whitehouse, NJ office and reports to an AVP & Actuary within the CI Casualty pricing actuarial team.  There is flexibility to fill this position in either our Philadelphia, PA or Jersey City, NJ locations.

 

Duties and Responsibilities related to these product lines:

Collaborate and work closely with CI management to address actuarial pricing needs for Casualty Specialty Lines including primary General Liability (GL), Airports & Special Risks and Public Entity business Large account pricing  Complete annual pricing studies, as well as ad-hoc pricing study requests and deep dives Comprehensive product support and portfolio management of respective Casualty lines Work with CI management to develop/revise rating algorithms, including providing actuarial rate filing support for state regulators Collaborate with various stakeholders including IT, Product Services, and Business Analysts to continuously update, maintain, and document the rating algorithms Complete monthly, quarterly, and annual reporting requirements for price monitoring and actual versus expected Work with the reinsurance pricing team to support treaty renewals

Qualifications:

Bachelor’s degree or higher in a quantitative field such as Mathematics, Actuarial Science, Statistics, Finance, Economics, or a related field.  ACAS preferred, or equivalent industry qualifications.  5+ years of relevant actuarial pricing or reserving experience, or a combination of relevant industry experience and technical skills. Proficiency in Excel, familiarity with a programming or querying language, such as SQL / R / Python along with a keenness for data (collection, manipulation, report design, sensibility checks, and attention to detail) Complex analytical and problem-solving skills; ability to determine the source of a problem and find effective solutions Clear organizational and documentation skills; ability to prioritize multiple competing deliverables and manage time effectively to meet scheduled due dates Dynamic collaboration skills and the ability to work closely with other disciplines; to provide clear and concise verbal and written communications regarding analyses and observations to non-actuarial business partners and leaders Desire to work in a fast-paced, fluid environment