Selective Insurance Company of America

  • Senior Actuarial Analyst - Pricing

    Location US-NJ-Branchville
    Experience (Years)
    Full-Time Regular
    FLSA Status
    Job ID
    Travel %
    Relocation Cost
  • Overview

    Selective is seeking a Sr. Analyst who will perform and supporting the traditional actuarial pricing functions, this role will be involved in the building and assessment of our pricing related predictive models. This will include facilitating the integration of the models with the traditional actuarial function and performance metrics. As such it will include performing pricing analyses, experience and profitability reviews and/or state rate filings, and supporting business units as needed. The incumbent will continue to 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.


    • Perform pricing and experience analyses, including communication of indications to business units and assessment of loss reduction options and/or state rate filings where applicable. Attend and participate in meetings to review results and recommendations with Underwriting when appropriate.
    • Assist in providing front line pricing support to Field Underwriting, Corporate Underwriting and senior management as necessary. Assist in provision to management of tools to drive appropriate policy level decision making. Provide front-line pricing support to business units on collaborative basis as needed.
    • Support strategic tools by monitoring changes to aggregate pricing levels and profitability through periodic analyses of the price monitor, planning/budgeting model and/or predictive modeling. Evaluate and communicate results to supervisor, business units and senior management when appropriate.
    • Prepare special reports, data compilations, analysis of company and industry experience, as well as other ad hoc analysis requests. Evaluate and communicate results when appropriate.
    • 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 the unit relates to other functional areas of the organization.


    • Requires solid actuarial and analytical skills, along with a developing financial acumen.  Effective communication and interpersonal skills also required.  Must effectively train and develop junior actuarial staff.
    • College Degree in Mathematics, Actuarial Science, Statistics or Economics preferred.
    • 4 years of Property/Casualty actuarial work experience.
    • Successful completion of at least 5 of the Casualty Actuarial Society examinations.
    • 1-3 years of Predictive Modeling experience is preferred.


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


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