Actuarial Analyst (Hybrid)

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

Perform pricing analyses, experience and profitability reviews and/or state rate filings, and support business units as needed. Build actuarial and business expertise, including the pursuit of the FCAS designation. Perform other projects and assignments as directed. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Note: (For NJ candidates) This role will be located at our future headquarters in Short Hills, N.J. Until the new headquarters is operational, the successful candidate will be offered the ability to work in our Branchville, N.J. location during this interim period.

Responsibilities

• Perform pricing and experience analyses, including communication of indications to business units and assessment of loss reduction options and/or state rate filings where applicable. Attend and participate in meetings to review results and recommendations with Underwriting when appropriate.
• Assist in providing front line pricing support to Field Underwriting, Corporate Underwriting and senior management as necessary. Assist in provision to management of tools to drive appropriate policy level decision making. Provide front-line pricing support to business units on collaborative basis as needed.
• Support strategic tools by monitoring changes to aggregate pricing levels and profitability through periodic analyses of the price monitor, planning/budgeting model and/or predictive modeling. 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. Evaluate and communicate results when appropriate.
• Assist in the maintenance of automated systems and pricing models.
• Develop a foundational knowledge of the functions performed by the Actuarial Pricing function, and how the unit relates to other functional areas of the organization.
• Requires solid actuarial and analytical skills, along with a developing financial acumen. Effective communication and interpersonal skills also required.

Qualifications

Knowledge and Requirements

• Requires solid actuarial and analytical skills, along with a developing financial acumen.
• Effective communication and interpersonal skills also required.

Education and Experience

• College Degree in Mathematics, Actuarial Science, Statistics or Economics preferred.
• 2 years of Property/Casualty actuarial work experience.

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 $87,000.00 - USD $113,000.00 /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.