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Predictive Modeling Analyst (Actuarial Department)

Employer
New Jersey Manufacturers Insurance Company
Location
West Trenton, New Jersey - Hybrid position (partial remote)
Salary
$89,000 - 112,000 range (compensation is based upon credentials and experience level)
Closing date
Oct 22, 2022

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Category
Actuary
Job Type
Full Time
Career Level
Experienced (Non-Manager)

Job Details

NJM is seeking a modeling analyst to join our Predictive Analytics team in West Trenton, NJ. Personal, compassionate service is what we're known for at NJM. We seek the best and brightest to help our customers when they need us most. As part of the NJM team, you'll not only enjoy some of the best benefits in the industry, you'll also be joining a company that's committed to professional development, diversity and innovative thinking.

Job Description

The Predictive Modeling Analyst will be a key member of the Predictive Analytics team at NJM and will be involved in all stages of model execution such as collaborating with stakeholders to develop project plans; data identification, collection, transformation, and visualization; collaboration with business users in developing practical insights; creation, testing, validating, and refining predictive models; presenting results to technical and non-technical audiences; quantifying business benefits; piloting, deploying, and operationalizing models in coordination with business and technology areas; and developing model performance reports.

Other areas of involvement include streamlining data capture and modeling processes; identifying and evaluating new industry data sources; brainstorming additional model applications; keeping abreast of new statistical modeling techniques and software; participating in data governance as needed; testing software; and competitor analysis.

Model applications cover all areas of primary insurance operations in Personal and Commercial Lines including underwriting, claims, and pricing.

Statistical models developed include, but are not limited to, Generalized Linear Models and extensions and variations from this family of models, Logistic/Discriminant Models, Decision Trees, Clustering, and Time Series.

The analyst is expected to be proactive, independent, results-oriented, customer-focused, and have an interest in practical applications of modeling.

 

Required Qualifications and Experience

- Degree in Statistics, Actuarial Science, Economics, Finance, Mathematics, or related field.

- A minimum of one year of modeling experience, preferably in the property and casualty insurance industry. We will consider candidates with relevant experience in other industries such as life/health insurance, banking, and the pharmaceutical industry.

- Experience with SAS, SQL, and MS Office. Experience with R, Python, and other programming languages a plus.

NJM is proud to be an equal opportunity employer. NJM is proud to be an equal opportunity employer. We are committed to attracting, retaining and promoting a diverse and inclusive workforce that is fully representative of the diversity that exists in the communities in which we do business.

Company

New Jersey Manufacturers Insurance Company (NJM), a property and casualty insurance company, has earned a reputation for superior service and prompt, fair handling of claims. NJM customarily earns high marks in published surveys, particularly regarding customer and claims service in auto insurance. NJM operates in a mutual fashion for the exclusive benefit of policyholders. NJM is cost-effective and conservative — staff is paid by salary with no commissions, and the Company does not advertise broadly to help earn profits for stockholders. Dividends have been paid to policyholders each year since 1918, a cumulative total of more than $5.0 billion. 

Company info
Website
Telephone
609-883-1300
Location
301 Sullivan Way
West Trenton
New Jersey
08628
US

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