Actuarial Analyst - Commercial Lines Pricing

About the role

New Jersey Manufacturers Insurance Company (NJM) seeks an experienced Actuary to support the company's efforts in pricing, product analysis, and maintaining a strong financial position. The role is hybrid, requiring 3 days per week in the West Trenton, NJ office and 2 days from home.

Responsibilities

• Perform pricing studies to evaluate the profitability of Auto, Homeowners, Workers’ Compensation, and Commercial Package insurance products.
• Analyze rating variables based on company data and competitor information and recommend changes.
• Assist with the annual loss and LAE ratio planning process.
• Collaborate with cross-functional teams to develop business insights and recommendations.
• Contribute to the ongoing development of actuarial tools and processes to enhance the department’s capabilities over time.

Requirements

• Bachelor’s degree in actuarial science, mathematics, statistics, or related field.
• 6+ years of property and casualty actuarial experience.
• ACAS or FCAS credential.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Excellent verbal and written communication skills.

Qualifications

• Preferred qualifications include experience with SQL, SAS, or other programming languages.

Skills

• Strong analytical and problem-solving skills.
• Ability to work independently and collaboratively.
• Attention to detail and ability to manage multiple projects simultaneously.

Benefits

NJM offers a competitive Total Rewards package, including a 401(k) with employer match, health, dental, and vision insurance, life and disability coverage, generous paid time off, and paid parental leave. Employees may also be eligible for discretionary bonuses.

Pay

The salary is commensurate with experience and credentials. The pay range is $97,264-$122,603 for eligible full-time employees.