About the job Associate Actuaries
The client is seeking Associate Actuaries to join our Personal Lines Pricing and Commercial Lines Pricing teams in West Trenton, New Jersey. The Actuarial department provides essential insights and analysis to tackle complex business challenges. Collaborating with fellow actuaries and colleagues across the company, you will engage in meaningful projects that influence our pricing strategies and product offerings.
Company Culture and Environment
The client values collaboration and analytical problem-solving within a supportive environment. The Actuarial department promotes teamwork among its members, fostering a culture that encourages sharing insights to address business needs effectively.
Career Growth and Development Opportunities
As an Associate Actuary, you will have the opportunity to work on various projects that enhance your skills and broaden your experience. This role offers a pathway to further your career in the actuarial field through continuous learning and collaboration with experienced professionals.
Detailed Benefits and Perks
- Hybrid work arrangement with both on-site and telecommuting options
- Opportunities for professional development and training
Compensation and Benefits
- Competitive salary based on experience
- Health, dental, and vision insurance
- Retirement savings plan with company matching
- Generous vacation and paid time off policy
Why you should apply for this position today
This is an exceptional opportunity to be part of a forward-thinking team that significantly impacts pricing strategies for insurance products. By joining NJM, you will contribute to innovative solutions while working in a collaborative and growth-oriented environment.
Skills
- Strong analytical abilities in actuarial science
- Proficiency in statistical analysis and modeling
- Ability to communicate complex concepts effectively
- Familiarity with pricing studies and competitor analysis
- Experience collaborating with cross-functional teams
Responsibilities
- Conduct pricing studies for Auto, Homeowners, and Workers Compensation insurance products
- Analyze rating variables and recommend pricing adjustments
- Perform competitor analysis to stay updated on market trends
- Collaborate with the Predictive Analytics team on modeling projects
- Partner with Marketing to enhance advertising effectiveness
- Analyze usage-based insurance (UBI) data for pricing recommendations
- Conduct trend analysis on insurance claims frequency and severity
- Assess the impact of crash-avoidance technology on Auto insurance claims
Qualifications
- At least 4 years of P&C actuarial experience
- ACAS credential required
Education Requirements
- Bachelors degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field
Education Requirements Credential Category
- Actuarial credentials (ACAS)
Experience Requirements
- Minimum of 4 years of experience in property and casualty actuarial work
Why work in Mercer County, NJ
Mercer County offers a blend of suburban tranquility and city convenience, making it an ideal place for both professional and personal life. The area is rich in cultural attractions, parks, and recreational activities. Its proximity to major metropolitan areas provides ample opportunities for career advancement while maintaining a pleasant living environment.
Education Level: Bachelor's degree