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Actuarial Analyst II

Company: NJM Insurance Group
Location: Trenton
Posted on: March 28, 2024

Job Description:

NJM Insurance Group (NJM) seeks Actuarial Analysts II to join our Personal Auto and Homeowners Insurance pricing teams.
Do you have the skills to fill this role Read the complete details below, and make your application today.
About NJMFounded 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 ActuarialThe Actuarial department at NJM provides insight and analysis to help solve business problems in supportof the company's profitable growth. The department consists of the following divisions: Personal LinesPricing, Commercial Lines Pricing, Reserving, and Predictive Analytics.The RoleAs an Actuarial Analyst II, you will collaborate with other actuaries and colleagues across the company tosolve important business problems. Potential projects include the following:

  • Perform pricing studies to evaluate the profitability of our insurance products.
  • Perform analysis on 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.Qualifications
    • At least 2 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.Salary Range: $75,000 - 94,500. Compensation is commensurate with experience and credentials.Legal Disclaimer: 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.PDN-9a7308bf-7ba4-4cb0-8324-9b6701120d42

Keywords: NJM Insurance Group, Trenton , Actuarial Analyst II, Professions , Trenton, New Jersey

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