Actuarial Analysts II

J&M Business Solutions LLC: Your Gateway to Direct Hire Opportunities

THIS IS A HYBRID WORK MODEL

OVERVIEW:

• NJM Insurance Group (NJM) seeks Actuarial Analysts II to join our Personal Auto and Homeowners Insurance pricing teams.

ABOUT ACTUARIAL:

• The Actuarial department at NJM provides insight and analysis to help solve business problems in support of the companys 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 usagebased 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 crashavoidance technology on Auto insurance claims.
• This is a hybrid position with some onsite and telecommuting availability each week.

QUALIFICATIONS:

• At least 2 years of P&C actuarial experience.
• A Bachelors 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.

ABOUT NJM: Founded 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.

NJMs mission is to provide valuebased insurance solutions for the benefit of our policyholders while maintaining the highest levels of service integrity and financial stewardship.

Must have:

• Minimum of 2 years experience in P&C (Property and Casualty Insurance) Discretionary 7.5% of base salary
• Will consider candidates that are in process of obtaining Actuarial Designation/Credentials

Nice to have:

• ACAS and FCAS credential from the Casualty Actuarial Society

Remote Work :

No