Salary is commensurate with experience and credentials.
Preferred Education:
4 Year Degree
Additional Information:
Telecommuting is allowed.
"You work for NJM? That's a great company!" If you're hired at NJM, you'll hear it over and over again from friends, family and neighbors. Why? Because NJM is committed to providing its customers with superior service, and great service goes a long way. Why else is NJM called a great company? Because our employees enjoy working here, are appreciated, and are provided with a terrific benefits plan including 401K match up to 8%. Employees who are hired at NJM often stay at NJM – many for the duration of their careers.
NJM is seeking a modeling analyst to join our Predictive Analytics team in West Trenton, NJ. Personal, compassionate service is what we're known for at NJM. We seek the best and brightest to help our customers when they need us most. As part of the NJM team, you'll not only enjoy some of the best benefits in the industry, you'll also be joining a company that's committed to professional development, diversity and innovative thinking.
This is a hybrid role which requires in-office presence in the West Trenton, NJ corporate office on a weekly basis.
Job Description
The Predictive Modeling Analyst will be a key member of the Predictive Analytics team at NJM and will be involved in all stages of model execution such as collaborating with stakeholders to develop project plans; data identification, collection, transformation, and visualization; collaboration with business users in developing practical insights; creation, testing, validating, and refining predictive models; presenting results to technical and non-technical audiences; quantifying business benefits; piloting, deploying, and operationalizing models in coordination with business and technology areas; and developing model performance reports.
Other areas of involvement include streamlining data capture and modeling processes; identifying and evaluating new industry data sources; brainstorming additional model applications; keeping abreast of new statistical modeling techniques and software; participating in data governance as needed; testing software; and competitor analysis.
Model applications cover all areas of primary insurance operations in Personal and Commercial Lines including underwriting, claims, and pricing.
Statistical models developed include, but are not limited to, Generalized Linear Models and extensions and variations from this family of models, Logistic/Discriminant Models, Decision Trees, Clustering, and Time Series.
The analyst is expected to be proactive, independent, results-oriented, customer-focused, and have an interest in practical applications of modeling.
NJM is proud to be an equal opportunity employer. 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.
Required Qualifications and Experience
- Degree in Statistics, Actuarial Science, Economics, Finance, Mathematics, or related field.
- A minimum of one year of modeling experience, preferably in the property and casualty insurance industry. We will consider candidates with relevant experience in other industries such as life/health insurance, banking, and the pharmaceutical industry.
- Experience with SAS, SQL, and MS Office. Experience with R, Python, and other programming languages a plus.
This Isn't Just Insurance. It's NJM.When you join the NJM family, you'll work with talented people who care about doing the right thing by our policyholders as well as 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 a wide range of opportunities to give back to the communities we are privileged to serve.Our strategic plan for regional expansion is underway. Thanks to both customer and employee dedication, NJM was recently ranked #1 in Customer Satisfaction among Auto Insurers the Mid-Atlantic Region by J.D. Power. We were also voted as one of the best places to work in NJ — as noted by Forbes.Come join us! It's time for you to make a difference alongside our remarkable team.
