General Summary: A brief description of the main purpose for this position.

The Actuarial Analyst I will support NJM’s efforts to attract new policyholders, retain existing policyholders, and honor our commitment to pay claims by developing fair and competitive pricing, providing comprehensive product analysis, and ensuring that NJM maintains a strong financial position.

Essential Duties and Responsibilities: Essential functions of this job are listed below in order of priority. Reasonable accommodations may be made to enable individuals to perform the essential duties. Regular and predictable onsite attendance is an essential function of the job.

Perform pricing studies to evaluate the profitability of our Auto, Homeowners, Workers’ Compensation, and Commercial Package insurance products.
Analyze rating variables based on company data and competitor information and recommend changes.
Perform analysis of frequency, severity, and premium trends.
Perform analysis of loss and LAE reserves.
Assist with the annual loss and LAE ratio planning process.
Collaborate with cross-functional teams to develop business insights and recommendations.
Contribute to the ongoing development of actuarial tools and processes to enhance the department’s capabilities over time.

Required Qualifications: Knowledge, skills & abilities, experience, minimum & desired education, certification and/or license requirements.

Bachelor’s degree in actuarial science, mathematics, statistics, or related field.
0-2 years of property and casualty actuarial experience.
Successful completion of at least one Casualty Actuarial Society (CAS) exam.
Proficiency in Microsoft Excel, Word, and PowerPoint.
Excellent verbal and written communication skills.

Preferred Qualifications:

Experience with SQL, SAS, or other programming languages a plus.

Compensation: Salary is commensurate with experience and credentials.

Pay Range: $70,444-$81,849

Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.

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.

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