Actuarial Analyst - Reserve Valuation & Risk Analytics

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

Job summary

The NJ Department of Banking and Insurance seeks an actuary to perform valuation of policy and loss reserves, financial and statistical analyses, and review of rates, rules, and forms for life, health, and P&C companies.

Applicants must have either four years of actuarial experience with math/stat credits or a bachelor’s degree with math/stat credits, plus an ASA or ACAS credential and ongoing continuing education compliance.

Qualifications

• Four years of professional actuarial experience or a bachelor's degree with math/stat credits.
• Candidate must demonstrate knowledge of actuarial principles and practices.
• Continuing education requirements must be complied with.

Responsibilities

• Valuation of policy and loss reserves for life, health, and P&C lines.
• Perform financial and statistical analyses and vet rates/rules/forms submissions.
• Review health services and prepayment plans and related institutions.

Skills

Actuarial analysis

Financial analysis

Statistical methods

Education

Bachelor's degree with math/stats credits

ASA or ACAS credential

Job description

The NJ Department of Banking and Insurance seeks an actuary to perform valuation of policy and loss reserves, financial and statistical analyses, and review of rates, rules, and forms for life, health, and P&C companies.

Applicants must have either four years of actuarial experience with math/stat credits or a bachelor’s degree with math/stat credits, plus an ASA or ACAS credential and ongoing continuing education compliance.