Actuarial Analyst, Life and Health

NJ Department of Banking and Insurance; Trenton (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

NJ Department of Banking and Insurance in Trenton seeks an experienced actuary to perform actuarial valuation of policy and loss reserves, and conduct financial and statistical analyses across life, health and property/casualty lines. The appointee will review rates, rules, and forms submissions and provide expert recommendations.

Candidates must hold an ASA or ACAS credential and meet the education/experience requirements described in the vacancy.

Qualifications

• Requires strong actuarial analysis and interpretation of data.
• Experience applying actuarial principles to valuation and rate/fom submissions.

Responsibilities

• Perform actuarial work related to valuation of policy and loss reserves.
• Conduct financial and statistical analyses across life, health, and property/casualty lines.
• Review rates, rules, and forms submissions for insurers.
• Provide expert recommendations and regulatory support.

Skills

Analytical ability

Statistical knowledge

Education

Bachelor's degree with math/statistics credits

ASA/ACAS credential

Job description

Under the general supervision of a Managing Actuary or other higher level official in the Department of Banking and Insurance or the Department of Human Services, does varied actuarial work in connection with the valuation of policy and loss reserves, financial and statistical analysis, review of rates, rules, and forms submissions of life and health companies and/or property and casualty companies, including health services and prepayment plans and related institutions; does other related duties as required

REQUIREMENT

Appointees must possess an associate credential (ASA or ACAS) from the Society of Actuaries or Casualty Actuary Society.

NOTE: Applicants must meet one of the following or a combination of both experience and education. Thirty (30) semester-hour credits are equal to one (1) year of relevant experience.

Four (4) years of professional experience in actuarial work, including or supplemented by twelve (12) semester hour credits in mathematics and/or statistics.

OR Possession of a bachelor's degree from an accredited college or university, including or supplemented by twelve (12) semester-hour credits in mathematics and/or statistics.

NOTE: "Professional experience" refers to work that is creative, analytical, evaluative, and interpretive; requires a range and depth of specialized knowledge of the profession's principles, concepts, theories, and practices; and is performed with the authority to act according to one's own judgement and make accurate and informed decisions