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30 Nov 2023

Full-Time Senior Associate Actuary (ID-5416)

MyNicejob – Posted by mynicejob Trenton, NJ

Job Description

 7 Years
 Bachelor’s degree



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


  • 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.


  • 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.


  • 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)

Job Categories: Miscellaneous/Other Occupations (Not Elsewhere Classified). Job Types: Full-Time. Salaries: Open to discuss.


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