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Actuarial Analysts II

Trenton, NJ

OVERVIEW:

  • Our client seeks Actuarial Analysts II to join our Personal Auto and Homeowners Insurance pricing teams.

ABOUT ACTUARIAL:

  • The Actuarial department provides insight and analysis to help solve business problems in support of the company’s profitable growth.
  • The department consists of the following divisions: Personal Lines Pricing, Commercial Lines Pricing, Reserving, and Predictive Analytics.

ROLE AND RESPONSIBILITIES:

  • As an Actuarial Analyst II, you will collaborate with other actuaries and colleagues across the company to solve 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.

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