Actuarial Manager (Hybrid)

Selective Insurance; Short Hills (NJ); On-site; USD 155,000 - 201,000; Full time

Benefits offered by this job

Health care plans

Retirement plan with company match

Employee Stock Purchase Program

Tuition assistance

20 days paid time off

Job summary

Selective Insurance seeks a senior actuarial pricing leader in New Jersey to guide day-to-day pricing and strategic direction. You will train staff, drive pricing analyses, and support underwriting with the goal of improving profitability and loss reduction.

Candidates should have FCAS or near completion, 5–7 years in P&C actuarial work, and a strong financial acumen. This role offers a competitive base salary and comprehensive benefits.

Qualifications

• Advanced actuarial and analytical skills with solid financial acumen.
• Strong communication and interpersonal abilities.
• Ability to train and develop actuarial staff.
• Hire and retain experienced actuarial talent.

Responsibilities

• Supervise pricing analyses and communicate indications to business units.
• Provide tools and guidance to underwriters and management for policy decisions.
• Offer front-line field support to monitor pricing and profitability.
• Prepare reports and ad hoc analysis requests for business units.
• Direct maintenance and upgrades of pricing models and systems.
• Provide training and knowledge sharing to staff; monitor market conditions.

Skills

Advanced actuarial skills

Analytical skills

Leadership/training

Talent retention

Education

College degree in Mathematics/Actuarial Science/Statistics/Economics

FCAS or near completion

Job description

About Us

At Selective, we don't just insure uniquely, we employ uniqueness. Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2025 and certification as a Great Place to Work in 2025 for the sixth consecutive year. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs.

Overview

Responsible for management and oversight of Actuarial Pricing unit, including day to day functions and overall strategic direction. Provide support to business units as needed. Train and develop actuarial staff. Build actuarial and business expertise, including the pursuit of the FCAS designation. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Responsibilities

• Supervise the performance of pricing analyses, including communication of indications to business units and assessment of loss reduction options. Attend and participate in meetings to review results and recommendations with Underwriting when appropriate, and work with staff to ensure their productive participation in meetings.
• Provide tools and guidance to assigned underwriters and management, to drive appropriate policy level and portfolio decision making. Provide front-line pricing support to business units on collaborative basis as needed.
• Provide front line field support to Field Underwriting, Corporate Underwriting and senior management in order to monitor changes to aggregate pricing levels and profitability through periodic analyses. 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. Communicate results directly to business units.
• Direct the maintenance and upgrades of automated systems and pricing models. Identify potential improvements and efficiencies within current processes. Lead efforts to implement these improvements, where agreed upon.
• Provide training and knowledge sharing opportunities to staff and other areas. Keep abreast of market conditions affecting the property and casualty industry.

Qualifications

Knowledge and Requirements

• Requires advanced actuarial and analytical skills, along with a solid financial acumen.
• Strong communication and interpersonal skills also required.
• Must effectively train and develop actuarial staff.
• Hire and retain experienced actuarial talent.

Education and Experience

• College degree in Mathematics, Actuarial Science, Statistics, or Economics required.
• 5-7 years experience in Property/Casualty actuarial work.
• Actuarial Designation- FCAS or near completion.

Total Rewards

Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and 20 days of paid time off. Additional details about our total rewards package can be found by visiting our benefits page. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs.

Pay Range

USD $155,000.00 - USD $201,000.00 /Yr.

Additional Information

Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions. For Massachusetts Applicants It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.