Selective Insurance Company of America

  • Actuarial Assistant - Pricing

    Location US-NJ-Branchville
    Experience (Years)
    0
    Category
    Actuarial
    Status
    Full-Time Regular
    FLSA Status
    Exempt/Salaried
    Job ID
    5873
    Travel %
    0-5%
  • Overview

    Assist with performance of  pricing analyses, experience and profitability reviews and/or state rate filings, and support of business units as needed. Build actuarial and business expertise, including the pursuit of the FCAS designation. Perform other projects and assignments as directed. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

    Responsibilities

    • Assist in pricing, including communication of indications to business units and assessment of loss reduction options and/or preparation of pricing proposals and state rate filings where applicable. Attend meetings to review results and recommendations with Underwriting when appropriate.
    • Assist in provision to management of tools to drive appropriate policy level decision making. Assist in providing front-line pricing support business units on collaborative basis as needed.
    • Assist with monitoring of changes to aggregate pricing levels and profitability through periodic analyses
    • Assist in providing front line pricing support to Field Underwriting, Corporate Underwriting and senior management as necessary. Work collaboratively with other functional areas of the business.
    • Assist with the preparation of special reports, data compilations, analysis of company and industry experience, as well as other ad hoc analysis requests.
    • Assist in the maintenance of automated systems and pricing models.
    • Develop a foundational knowledge of the functions performed by the Actuarial Pricing function, and how it relates to other functional areas of the organization.

    Qualifications

    • Requires solid analytical skills and a commitment to developing an actuarial knowledge base.
    • Effective communication and interpersonal skills also required.
    • College Degree in Mathematics, Actuarial Science, Statistics or Economics preferred.

     

    Selective is an Equal Employment Opportunity employer. Selective maintains a drug-free workplace

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