Selective Insurance · 7 hours ago
Actuarial Assistant (Hybrid)
Short Hills, NJ
Full-time
Hybrid
New Grad, Entry Level
$69K/yr - $95K/yrSelective Insurance is a midsized U.S. domestic property and casualty insurance company with a strong financial performance history. The Actuarial Assistant will assist with pricing analyses, reserve analyses, and support various business units while developing actuarial expertise.
FinanceFinancial ServicesInsurance
Responsibilities
Assist in preparing rate indications and recommendations. Participate in discussions with Corporate and/or Field Underwriting to develop recommendations. Prepare rate filings, working cooperatively with other areas such as Underwriting and Legal
Assist with monitoring price levels and profitability through periodic analyses. Assist in developing and delivering tools to drive appropriate policy level decision making
Apply advanced statistical concepts by assisting in the development of complex rating plan or other loss models, with direction from experienced modeler. Develop an acumen in advanced analytics
Assist in product development by estimating impacts of new or enhanced coverages and preparing rate pages and filing support
Assist in preparing actuarial premium indications for individual large accounts
Assist with quarterly loss and LAE reserve analyses. With appropriate guidance, prepare data files and templates. Analyze loss trends and develop preliminary projections of ultimate losses and IBNR for review by supervisor
Assist in the preparation of designated external and internal financial and management reports. These include but are not limited to 10-K/Q disclosures, statutory schedules (P), and the 'AY Report'. Prepare routine reports and other submissions (e.g., data calls, excess profits)
Support ceded reinsurance placement by providing information and data for broker submissions. Prepare routine data submissions. Populate and run reinsurance pricing templates
Prepare data, populate templates, and design non-complex Excel and Access applications. Identify opportunities for automation and implement with supervisor approval
Develop a foundational knowledge of the functions performed by the Actuarial department and how the department relates to other functional areas of the organization
Qualification
Required
Requires strong analytical skills and a commitment to developing an actuarial knowledge base
Effective communication and interpersonal skills also required
Preferred
College Degree in Actuarial Science, STEM (Science, Technology, Engineering, Mathematics), or another analytical field preferred
Experience with programming languages or statistical modeling packages (e.g., R, Python, etc.) a plus
Benefits
Comprehensive health care plans
Retirement savings plan with company match
Discounted Employee Stock Purchase Program
Tuition assistance and reimbursement programs
20 days of paid time off
Company
Selective Insurance
At Selective, we maintain a commitment to provide unique insurance solutions that help keep the families and businesses of our communities protected.
Founded in 1926
1001-5000 employees
H1B Sponsorship
Selective Insurance has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (39)
2024 (32)
2023 (43)
2022 (30)
2021 (29)
2020 (25)
Funding
Current Stage
Public CompanyTotal Funding
$400M2025-02-25Post Ipo Debt· $400M
1978-01-13IPO
Leadership Team
John Marchioni
President and CEO
Patrick S. Brennan
Chief Financial Officer
Recent News
2025-12-09
2025-11-11
Company data provided by crunchbase