A
Assistant Actuarial Analyst, Pricing
full-time•East Rutherford•$70k - $80k
About this role
AEGIS Insurance Services Inc. has an immediate opening for:
Assistant Actuarial Analyst, PricingJob Description:
AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for an Assistant Actuarial Analyst, Pricing to support the development, maintenance, and enhancement of models, collaborate cross-functionally with internal stakeholders such as Claims, Underwriting, and IT, and contribute to rate monitoring and adequacy analyses. The ideal candidate is analytically strong, a clear communicator, and actively pursuing membership in the Casualty Actuarial Society (CAS).
Job Requirements:
- Actuarial internship or relevant experience in the insurance industry desired
- Undergraduate degree in Actuarial Science, Mathematics, Statistics, or a related discipline
- Completion of at least 1 CAS exam
- Proficiency in Microsoft Excel, including advanced functions and data analysis tools
- Demonstrated ability to think programmatically and apply problem-solving skills
- Exposure to programming languages such as SAS, R, Python, SQL, and/or VBA is desired, with the ability to manipulate data, automate processes, and support model development
Candidate Attributes:
- Collaborative Communications and Behavior: Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace
- Initiative and Accountability: Proactively addresses opportunities to enhance AEGIS’ people, processes, products, and services, takes ownership for one’s responsibilities by acting with integrity and in the best interest of the organization and stakeholders
- Quality-Focused: Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
- Service-Oriented: Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers
Essential Job Functions:
- Support pricing analyses for large individual accounts, incorporating loss-sensitive program structures and translating underwriting objectives into actuarial frameworks using appropriate techniques and tools
- Assist in producing monthly rate monitoring analyses, identifying trends and the underlying factors contributing to movements in rate levels
- Contribute to semi-annual reviews of rate adequacy and support the development of pricing strategies by analyzing historical performance, trend studies, industry benchmarks, and emerging risks to evaluate pricing effectiveness and inform strategic decision-making
- Support the development, maintenance, and enhancement of actuarial pricing models to support pricing requests and improve pricing precision
- Contribute to the development and implementation of predictive analytics tools to enhance pricing precision and identify new risk signals
- Assist in maintaining thorough documentation of model assumptions, methodologies, and updates to ensure transparency and reproducibility
- Collaborate closely with Underwriting and other business units to ensure pricing recommendations are well-informed and actuarially sound
- Communicate complex actuarial concepts clearly and concisely to non-technical stakeholders, supporting informed decision-making
- Maintain steady progress toward CAS credentials and actively participate in internal training, knowledge-sharing sessions, and industry learning opportunities
EOE
AEGIS Insurance Services, Inc. participates in E-Verify
We expect to pay a starting salary between $70,000 and $80,000. An applicant’s placement within this range is based on their individual qualifications and professional experience. In addition to base salary, AEGIS employees are eligible to participate in the Company’s annual incentive program, with competitive awards based on corporate and individual performance.
In addition, we offer a comprehensive and competitive suite of options for health, retirement, income protection, wellness, and additional benefits:
- Health: medical and prescription coverage, behavioral health, dental, vision, health savings account (includes a Company contribution), and flexible spending accounts
- Retirement: 401(k) plan that includes matching contributions and an additional Company contribution of 4% (subject to IRS limitations)
- Income Protection: basic and supplemental life insurance, short-term and long-term disability coverages, accident and critical illness insurance
- Wellness: on-site health and fitness center, on-demand fitness and well-being app, and employee assistance program with support on mental health, financial, and legal services
- Additional benefits: commuter benefits that include a transit subsidy from the Company, pet insurance, paid time off (vacation, floating holidays, sick, and Company paid holidays), and a variety of leaves of absence (health, family, and military)
- Educational assistance and professional development opportunities
We will consider this application carefully, but it does not guarantee employment. Selection is on a competitive basis. In addition, you must meet employment standards and specific position requirements. Qualified applicants will receive consideration for employment without regard to race, creed, color, sex, sexual orientation, age, marital status, disability, national origin, veteran status or any other legally protected status.
AEGIS Insurance Services, Inc. participates in E-Verify.
What you'll do
- The Assistant Actuarial Analyst will support pricing analyses for large individual accounts and contribute to rate monitoring and adequacy analyses. They will collaborate with various internal stakeholders to ensure pricing recommendations are actuarially sound.
About Aegis
AEGIS is a leading mutual insurance company that provides liability and property coverage, as well as related risk management services, to the energy industry. Our policyholders represent virtually the entire energy infrastructure in North America, including electric and natural gas utilities, related energy companies, oil & gas exploration and production companies, water utilities, and transmission & distribution companies.
Our energy expertise, combined with a collaborative and fair approach to claims management and specialized loss control services, has set AEGIS apart from commercial insurance companies since the company was founded by its policyholder-members in 1975. AEGIS has continued to provide stable capacity and collaborative claims paying for more than 40 years – despite events such as the Superfund in the 1980s, the meltdown of Enron, the 9/11 terrorist attacks, Hurricane Katrina and Superstorm Sandy.
AEGIS tailors many types of liability and property coverage to match the individual needs of our policyholders and we offer primary coverages through an alliance with Everest National as well as side-A directors and officers liability coverage through an alliance with Sompo.
Our main office is in East Rutherford, New Jersey where we employ a professional staff of more than 200. AEGIS is the parent company of AEGIS London, which operates Syndicate 1225 at Lloyd's of London. The syndicate offers specialist knowledge, expertise and leadership for energy companies as well as a wide range of non-energy classes traditionally written in the Lloyd's market. AEGIS also has licensed operations throughout Canada.
The company’s premium revenues are $2.1 billion and total assets are more than $8.6 billion. Additional details of our financial performance can be found in our recent annual report.
AEGIS enjoys an A.M. Best rating of A (Excellent) with a stable outlook.
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Frequently Asked Questions
What does Aegis pay for a Assistant Actuarial Analyst, Pricing?
Aegis offers a competitive compensation package for the Assistant Actuarial Analyst, Pricing role. The salary range is USD 70k - 80k per year. Apply through Clera to learn more about the full compensation details.
What does a Assistant Actuarial Analyst, Pricing do at Aegis?
As a Assistant Actuarial Analyst, Pricing at Aegis, you will: the Assistant Actuarial Analyst will support pricing analyses for large individual accounts and contribute to rate monitoring and adequacy analyses. They will collaborate with various internal stakeholders to ensure pricing recommendations are actuarially sound..
Is the Assistant Actuarial Analyst, Pricing position at Aegis remote?
The Assistant Actuarial Analyst, Pricing position at Aegis is based in East Rutherford, New Jersey, United States. Contact the company through Clera for specific work arrangement details.
How do I apply for the Assistant Actuarial Analyst, Pricing position at Aegis?
You can apply for the Assistant Actuarial Analyst, Pricing position at Aegisdirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.