Senior Actuarial Analyst - HYBRID (Short Hills, NJ, Charoltte, NC or Hartford, CT)

Overview Supports Actuarial Advanced Analytics department in the development, evaluation, and implementation of Selective's decision support (predictive) models. Also supports Selective's Knowledge Management strategic initiative. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements. Responsibilities Work together with actuarial and data science colleagues to build/refresh pricing models for all of Selective's lines of business. Performs adjustments to raw historical policy data that will be used in modeling, including loss development, trend, premium on-leveling, and elimination of discretionary pricing activity. Perform reconciliation of data used in modeling to other sources. Perform variable selection, including univariate analysis and evaluate strength of the predictive models through the use of lift curves and other diagnostics. Perform analysis regarding the impact of proposed models on individual SBUs, regions, etc. Compare candidate predictive models and make recommendations about which models are the most appropriate. Document all analysis and recommendations regarding the development and evaluation of predictive models. Work with IT and other departments regarding the creation of model variables using both internal and external data. Develop an automated scoring engine and work with IT department on testing. Provide actuarial support and validation throughout deployment of models. Qualifications Knowledge and Requirements: Requires solid actuarial and analytical skills, along with a developing financial acumen. Effective communication and interpersonal skills also required. Must effectively train and develop junior actuarial staff. Education and Experience Bachelors Degree Required; Mathematics, Actuarial Science, Statistics or Economics preferred. 4 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 $106,000.00 - USD $146,000.00 /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. #J-18808-Ljbffr Selective Insurance Company of America