The Associate Actuary will play a critical role in the Personal Lines Pricing and Commercial Lines Pricing teams. You will collaborate with fellow actuaries and cross-functional colleagues to tackle significant business challenges. Your work will involve various projects aimed at enhancing the profitability of our Auto, Homeowners, and Workers’ Compensation insurance products, as well as conducting competitor analyses and collaborating with the Predictive Analytics team.

Company Culture and Environment

The Actuarial department fosters a collaborative environment where team members work together to solve complex business problems. The culture emphasizes teamwork and the application of analytical skills to drive business success.

Career Growth and Development Opportunities

The role offers potential for professional growth as you collaborate on diverse projects and gain experience in various aspects of actuarial science, with the opportunity to pursue ACAS and FCAS credentials.

Detailed Benefits and Perks

This hybrid position offers flexibility with some on-site and telecommuting options, allowing for a balanced work-life experience.

Compensation and Benefits

Competitive salary based on experience
Health benefits
Retirement savings plan
Professional development opportunities

Why you should apply for this position today

This position presents a unique opportunity to contribute to impactful projects within the Actuarial department while gaining experience in a dynamic and supportive environment. Joining our team allows you to be part of a crucial decision-making process that influences the company’s strategies.

Skills

Strong analytical skills in actuarial science
Knowledge of pricing studies and competitor analysis
Proficiency in statistical software
Excellent communication and collaboration abilities
Interest in pursuing ACAS and FCAS credentials

Responsibilities

Perform pricing studies to evaluate the profitability of insurance products
Analyze rating variables and recommend pricing changes
Conduct competitor analyses to stay informed on market developments
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 suggest pricing modifications
Conduct trend analyses on insurance claims
Evaluate the impact of crash-avoidance technology on Auto insurance claims

Qualifications

At least 2 years of P&C actuarial experience
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related major
Interest in pursuing ACAS and FCAS credentials
Must be a US Citizen or Green Card holder

Education Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related major

Education Requirements Credential Category

Bachelor’s degree

Experience Requirements

Minimum of 2 years of relevant P&C actuarial experience

Why work in Mercer County, NJ

Mercer County offers a rich blend of urban and suburban living with access to vibrant cultural experiences, parks, and recreational spaces. The area is known for its family-friendly environment, strong community values, and proximity to major metropolitan areas, making it an ideal location for professional and personal growth.
Employment Type: Full-Time
Education Level: Bachelor's degree

Required Knowledge, Skills, and Abilities: (Hiring Companies ATS Questions):

1. Do you have at least 2 years of P&C actuarial experience.
2. Do you have a Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related major.

3. Do you have a interest in pursuing the ACAS and FCAS credential from the Casualty Actuarial Society.

4. Must be a US Citizen or Green Card holder.
Reference : Actuarial Analysts II jobs

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