OVERVIEW:

•  seeks a Senior Associate Actuary to join our Personal Lines Pricing team.

ABOUT ACTUARIAL:

• The Actuarial department provides insight and analysis to help solve complex business problems.
• The department consists of the following teams: Personal Lines Pricing, Commercial Lines Pricing, Reserving, and Predictive Analytics.

ROLE AND RESPONSIBILITIES:

• As an Associate Actuary, 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 Auto and Homeowners insurance products. Present results to the Executive Leadership Team (ELT).
• Analyze 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 7 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.
• ACAS or FCAS credential.

Must have:

• Minimum of 7 years’ experience in P&C (Property and Casualty Insurance)
• ACAS or FCAS credential

Additional information:

• SALARY: $129,000 – $163,000
• BONUS: Incentive bonus eligible for 2024 (paid in 2025)
• INTERVIEW PROCESS: 1st Phone Screen with Manager, 2nd Phone Screen with HR, (3rd May be Final Round) then on site for ½ day of team meetings.
• Hybrid: NJM offers a Hybrid Schedule of 3 days onsite and 2 days remote (Onsite Monday, Tuesday and Thursday each week, with Wednesday and Friday WFH)