Salary: $131,000 - $160,000 + Full Time Benefits
Type: Full Time
Location: Trenton, NJ, United States
Experience Level: Mid-senior
Experience Required: 7 Years
Education Level: Bachelors Degree
Relocation Assistance: No
Visa Sponsorship Eligibility: Yes
Hybrid
OVERVIEW:
A leading insurance organization is seeking a Senior Associate Actuary to join the Personal Lines Pricing team.
ABOUT ACTUARIAL:
The Actuarial department provides valuable insight and analysis to address complex business challenges. The department encompasses teams such as Personal Lines Pricing, Commercial Lines Pricing, Reserving, and Predictive Analytics.
ROLE AND RESPONSIBILITIES:
As an Associate Actuary, you will collaborate with actuaries and colleagues across the organization to address crucial business challenges.
Potential projects include:
Conduct pricing studies to assess the profitability of Auto and Homeowners insurance products and present findings to the Executive Leadership Team (ELT).
Analyze rating variables and propose pricing adjustments.
Perform competitor analysis to stay informed about pricing and product developments in the market.
Collaborate with the Predictive Analytics team on modeling projects.
Partner with Marketing to enhance returns on advertising expenditures.
Analyze usage-based insurance (UBI) data and provide recommendations on pricing changes.
Conduct 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 a combination of on-site and telecommuting availability each week.
QUALIFICATIONS:
Minimum of 7 years of Property and Casualty (P&C) actuarial experience.
Bachelors degree in Actuarial Science, Mathematics, Statistics, Economics, or a related major.
Strong verbal and written communication skills.
ACAS or FCAS credential.
ABOUT THE ORGANIZATION: