Salary is commensurate with experience and credentials.
Required Education:
4 Year Degree
Additional Information:
Telecommuting is allowed.
NJM Insurance Group (NJM) seeks Senior Actuarial Analysts to join our Personal Lines Pricing and Commercial Lines Pricing teams.
About NJM Founded in 1913, NJM is a regional property and casualty insurer with a national reputation for auto claims satisfaction. NJM offers Auto, Homeowners, Renters, Condo, and Umbrella insurance to individuals in Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania.
NJM also offers Workers’ Compensation, Commercial Auto, Commercial Package and Businessowners insurance to businesses in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania.
NJM's mission is to provide value-based insurance solutions for the benefit of our policyholders while maintaining the highest levels of service, integrity, and financial stewardship.
About Actuarial The Actuarial department at NJM 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.
The Role As a Senior Actuarial Analyst, 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, Homeowners, and Workers’ Compensation insurance products. • 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.
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.
Qualifications • At least 3 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. • Interest in pursuing the ACAS and FCAS credential from the Casualty Actuarial Society.
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. NJM is noted by Forbes as among the “Best Places to Work in New Jersey,” four years in a row. The Company also has a 5-Star “Excellent” rating on Trustpilot, and earned J.D. Power's certification for providing an "Outstanding Claims Experience" for Personal Lines customers five years in a row.
