Actuarial Analyst II

Shared Services - Woodbridge Township, NJ

Full-time - Mid Level

Remote - Woodbridge Township, NJ

Food Services and Drinking Places

About the position

The position involves conducting actuarial rate indications and reserve reviews for personal auto and homeowner insurance products. The role requires the development and refinement of actuarial pricing and reserving models, as well as performing statistical analyses for various actuarial projects. The individual will also be responsible for preparing management reports and providing training to team members.

Responsibilities

• Conduct actuarial rate indications for personal auto and homeowner insurance products
• Perform actuarial reserve reviews for various insurance lines of business
• Develop, maintain, and refine actuarial pricing and reserving models
• Perform statistical analysis for actuarial projects including competitor analysis
• Prepare reserve review data and make initial reserve review selections
• Prepare rate indication data and make initial rate indication selections
• Produce management reports
• Complete actuarial research projects, analysis of reserves, and rate indication analysis
• Perform rate indication analysis
• Develop improved or revised reserve review techniques
• Develop improved or revised rate indication methodologies
• Provide training to team members

Requirements

• Bachelor's degree (or foreign equivalent) in Actuarial Science, Statistics, Mathematics, or a related field
• Two (2) years of experience in the job offered or in an Actuarial Analyst II - related occupation
• At least four (4) Casualty Actuarial Society exams passed
• At least two (2) years of experience performing rate indications and reserve reviews for Property-Casualty insurance
• Demonstrable expertise utilizing Excel including VBA, SQL, SAS, and Actuarial Software ResQ
• Demonstrable expertise utilizing actuarial reserving methods including the Chain Ladder Method and the Bornhuetter-Ferguson Method
• Demonstrable expertise conducting actuarial rate indications including trend analysis and on-level analysis
• Demonstrable expertise conducting research on losses and other actuarial considerations

Benefits

• 20% Telecommuting permitted