Associate Actuarial Consultant

Maplecroft; Jersey City (NJ); On-site; USD 70,000 - 100,000; Full time

Job summary

Maplecroft is seeking an Associate Actuarial Consultant in Jersey City, NJ. You will play a crucial role in developing actuarial products that address emerging insurance risks and influencing pricing strategies. The role involves conducting actuarial analysis, collaborating with team members on solutions, and communicating findings to management and clients. A strong foundation in ratemaking and data analysis is required, with responsibilities including documenting work and supporting product filings.

Qualifications

• Solid understanding of basic ratemaking and proficiency in data analysis.
• Ability to propose solutions and work collaboratively with team members.
• Experience in documenting work product and providing actuarially sound justifications.

Responsibilities

• Guide and perform actuarial analyses of rating factors and loss costs.
• Produce work product to support actuarial solutions for projects.
• Communicate solutions and findings to senior management and stakeholders.

Skills

Data analysis

Ratemaking

Problem-solving

Communication

Job description

We are seeking an Associate Actuarial Consultant to join our Commercial Property Actuarial Product team, a highly visible group responsible for shaping and innovating pricing solutions across Commercial Property, Commercial Inland Marine, Equipment Breakdown, and related specialty property lines. This is an opportunity to play a meaningful role in the development of actuarial products that address new and emerging insurance risks, influence market-leading pricing strategies, and support customers in managing increasingly complex exposures. Our team blends deep actuarial expertise with strong business partnership and customer focus to deliver solutions that are both technically sound and commercially relevant.

The successful candidate for this role is expected to initiate proposals and work closely together with team members to identify and solve complex actuarial problems. Given a project, they will be able to guide the solution together with the team directors, manage other team members’ work product to support the solution, as well as produce their own work product to support the solution, all while following actuarial standards of practice. They will work on high-profile projects and be able to justify and explain the solution and resulting work product to senior management, customers, and insurance departments.

This actuarial product development role will focus on guiding and performing actuarial analyses of both current rating factors and loss costs as well as creation of new rating factors and loss costs to support updates to Commercial Property and other lines. A solid understanding of basic ratemaking and proficiency in data analysis are required. Additional requirements include but are not limited to analyzing data and making recommendations, providing actuarially sound justification for selections, assumptions and conclusions, and documenting the work product. Supporting the product through the filing process is expected. This role will require frequent communication with many of the functional areas of the ISO Underwriting organization.