Actuarial Analyst

Mitsui Sumitomo Insurance Group; New Jersey; On-site; USD 70,000 - 80,000; Full time

Benefits offered by this job

Comprehensive medical, dental, and vision coverage

401(k) with employer match

Paid time off program

Paid parental leave

Tuition reimbursement program

Job summary

Mitsui Sumitomo Insurance Group is looking for a data-driven Actuarial Analyst in New Jersey to support pricing and forecasting through advanced data analysis. The ideal candidate will have a Bachelor’s degree and 3+ years of relevant analytical experience, along with skills in statistical tools like R or Python.

This position offers a hybrid work model, a competitive salary between $70,000 - $80,000, and additional benefits including healthcare and a 401(k) plan.

Qualifications

• 3+ years of actuarial or related analytical experience preferred.
• Progress toward actuarial designation (e.g., ASA or equivalent) is strongly preferred.
• Ability to manage multiple priorities and deliver accurate work under deadlines.

Responsibilities

• Analyze large datasets to identify trends and assess risk.
• Develop and maintain actuarial models for pricing and reserving.
• Collaborate with underwriting and finance teams to provide actuarial insight.

Skills

Data analysis

Actuarial modeling

Statistical tools

Problem-solving

Communication

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Science, or a related field

Tools

Excel

R

Python

SQL

SAS

Tableau

Power BI

Job description

## Actuarial AnalystApplyremote type: Hybridlocations: NJ-Warrentime type: Full timeposted on: Posted 3 Days Agojob requisition id: JR-000878MSIG USA continues to grow!**Company Overview:**MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.We are seeking a commercially-oriented and data-driven Actuarial Analyst to support actuarial functions through advanced data analysis, modeling, and reporting. The role will contribute to pricing, reserving, forecasting, and strategic decision-making by leveraging actuarial methods and statistical tools.**Key Responsibilities:*** Analyze large datasets to identify trends, assess risk, and support actuarial assumptions.* Develop and maintain actuarial models for pricing, reserving, and forecasting.* Execute individual account pricing and Managing General Agent delegated authority reviews* Support pricing and rate change studies, rate filings, and profitability analyses, and/or reserving, financial planning and risk modelling.* Collaborate with underwriting, finance, and product teams to provide actuarial insight.* Automate and streamline reporting processes and data workflows, including developing our corporate data bases.* Develop predictive claims and pricing models to improv pricing, claims management, and to generate business insights* Prepare and present findings to actuarial and business leadership.* Ensure compliance with regulatory and internal standards.**Qualifications:*** Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Science, or a related field.* 3+ years of actuarial or related analytical experience preferred.* Progress toward actuarial designation (e.g., ASA or equivalent) is strongly preferred.* Proficiency in Excel and at least one actuarial/statistical tool such as R, Python, SQL, or SAS, with a strong desire to improve algorithmic approaches.* Strong analytical, problem-solving, and communication skills.* Ability to manage multiple priorities and deliver accurate work under deadlines.**Preferred Experience:*** Knowledge of insurance products and actuarial techniques in P&C specialty commercial national accounts.* Familiarity with data visualization tools (e.g., Tableau, Power BI) a plus.**Why Join MSIG USA?**At MSIG USA, strength comes from experience — and vision. Backed by a 350-year global legacy, we are forging a path forward in specialty insurance with the same stability and discipline that define our foundation. We are focused on innovation that matters: data-driven, client-focused, and built for long-term impact.You’ll join a company that values performance, integrity, and purposeful growth. Your role here is more than a job — it’s a commitment to delivering excellence alongside a high-performing,collaborative team.**Competitive Compensation Package includes:**Competitive salary commensurate with experience along with a performance-based bonus.SALARY: The estimated salary range for this position is $70,000.00 - 80,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.**Additional Benefits:**Healthcare and Retirement Benefits* Comprehensive medical, dental, and vision coverage* 401(k) with a generous employer match and profit-sharing contribution* Wellness incentive program* Life and accidental death and dismemberment (AD&D) insurance* Flexible spending programs* Short-term and long-term disability plansAdditional Benefit Programs* Paid time off program* Paid charitable leave* Paid parental leave* Tuition reimbursement program* Personal insurance (auto/homeowners) discountsIt's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.