Commercial Lines Pricing Actuary - Hybrid NJM Insurance Group - 2.9 West Trenton, NJ Job Details Full-time $100,000 - $175,000 a year 13 hours ago Benefits Disability insurance Health insurance Dental insurance Flexible spending account Matching gift program Tuition reimbursement Paid time off Adoption assistance Parental leave Employee assistance program Vision insurance 401(k) matching Employee discount Professional development assistance Volunteer time off Life insurance Referral program Qualifications Teamwork Interpersonal skills Spreadsheets Mathematics Math Bachelor's degree Productivity software Technical Proficiency Full Job Description NJM Insurance Group is a leading property and casualty insurer in the Mid-Atlantic region, dedicated to delivering value-based insurance solutions with exceptional service, integrity, and financial responsibility. With a rich history dating back over a century, NJM operates as a mutual company committed to benefiting its policyholders through innovative and reliable insurance products. We are seeking a dynamic Commercial Lines Pricing Actuary to join our team in a hybrid work environment. This role offers an exciting opportunity to influence pricing strategies for commercial insurance products by leveraging advanced analytical techniques and financial modeling. The ideal candidate will bring strong technical expertise, a passion for data-driven decision-making, and the ability to collaborate across teams to optimize risk assessment and pricing accuracy. NJM's Commercial Lines department conducts business for policyholders and preferred agencies within the Mid-Atlantic region, specifically

NJ, PA, NY, MD, DE, CT.

Products include Commercial Auto, G/L, Workers Comp, BOP, Excess/Umbrella, and Package. The Commercial Lines function encompasses Underwriting, Sales, Operations, Premium Audit, Product Management, Product Development, Loss Prevention and Business Process Unit. The Actuary (this role can be filled at the level, I, II or Senior level) 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. Join us to be part of an innovative team that values analytical excellence and strategic thinking! This role offers the chance to make a significant impact on our commercial lines portfolio while working in a flexible hybrid environment designed for collaboration and growth. This role is hybrid working 3 days in the West Trenton, NJ office and 2 days from home.

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. 6+ years of property and casualty actuarial experience. ACAS or FCAS credential. 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

Pay:

$100,000.00 - $175,000.00 per year

Benefits:

401(k) matching Adoption assistance Dental insurance Disability insurance Employee assistance program Employee discount Flexible spending account Health insurance Life insurance Matching gift program Paid time off Parental leave Professional development assistance Referral program Tuition reimbursement Vision insurance Volunteer time off

Work Location:

Hybrid remote in West Trenton, NJ 08628