Actuary jobs in New Jersey
Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Actuary jobs
Actuary
- Benecard Services, LLC
-
Clifton, NJ
FULL_TIME
-
Job Summary: Oversee and perform all actuarial requirements for Heartland and across the Family of Companies for Benecard Services, Benecard PBF, & National Vision Administrators. Primary responsibilities include calculating trend projections for the pharmacy lines of business under Heartland / BCS and Benecard PBF, supporting underwriting and modeling assumptions utilized for the Pharmacy and Vision lines of business, and supporting all regulatory and fronting carrier filing requirements for Heartland. Also includes working closely with Finance to reconcile actual reporting information and planning for and forecasting our insurance lines of business for Pharmacy and Vision for general business analyses, monthly underwriting meetings, and for annual AM Best rating agency requirements and multi-year projections.
Essential Duties & Responsibilities:- Continual analyze and understand the existing pharmacy business drug spend information to assist the underwriters with key assumptions and proposed plan design changes with cost implications that need to be accounted for in the pharmacy underwriting models
- Track and monitor key pharmaceutical manufacturer pipeline information and relevant news which needs to be accounted for, as applicable, in the underwriting models and for overall business projections
- In addition to the responsibilities above, establish and present pharmacy trends to the Underwriting Committee for approval and utilization by the Underwriting department twice a year
- Validate and reconcile all insurance lines of business with Finance’s reporting
- Support client actuarial attestations for Pharmacy Part D retiree groups
- Support, coordinate, and validate independent third-party IBNR calculations required by insurance regulator and accounting / auditing firm
- Support AM Best annual requirements regarding business analyzes and long -term projections of insured product lines for Pharmacy and Vision
- Analyze insured Vision line of business for trends and adjustments as required for the Vision underwriting model
- Support various state rate filings as required and applicable with Heartland’s fronting carriers to ensure the insured line of business remains competitive with the market and with NVA’s products and services
- Revise and update Heartland’s Pharmacy and Vision underwriting manuals on an annual basis or more often as required
- Association of the Society of Actuaries (ASA)
- Member of the American Academy of Actuaries (MAAA)
- Minimum of 5 years of actuarial Group Pharmacy or Pharmacy related experience, including Medicare Part-D exposure
- Group Vision benefits experience ideal
- Proficient in excel and ability to work with large data sets to analyze experience and trends and apply findings to modeling and future business projections
- Competitive salary
- Potential to earn $1,000 sign-on bonus
- Vacation and Sick/Personal Time
- Medical Insurance
- Hearing Program Discount
- Short- & Long-Term Disability Insurance
- Life Insurance
- Flexible Spending Account
- 401(k)
- Employee Referral Program
- Employee Recognition
- Tuition Reimbursement
- Professional Development Training
Benecard Services, LLC
Benecard Services, LLC has been administering carve-out, fixed rate insured prescription drug benefit programs since 1990. Benecard is a full service, in-house prescription benefit administrator that includes mail and specialty drug dispensing. We are a premiere nationwide Prescription Benefit Administrator headquartered in Lawrenceville, New Jersey.
Website: http://www.benecard.com
BeneCard PBF
BeneCard PBF provides self-funded prescription benefit program administration with a personalized approach through focused, clinical expertise. Our business model operates on a customized claim processing system offering unlimited capability and flexibility to respond to client needs in an evolving marketplace. Advanced clinical programs and advanced technology provide the framework to maximize the use of all data elements available. This allows BeneCard PBF to filter the information, focus on clinical opportunities and facilitate interaction between the physician, the pharmacist and the patient to effectively promote complete health care. Headquartered in Bonita Springs, Florida.
Website: http://benecardpbf.com
National Vision Administrators
For over 40 years, National Vision Administrators (NVA) has been meeting the vision benefit needs of public employer groups, Health & Welfare Funds, Associations and Coalitions. Providing millions of people throughout the United States with vision care programs that help them be smarter buyers of eye care and eyewear, NVA is particularly well suited to address today's health benefit challenges as it relates to eye care. We offer cost-effective, customized vision benefit programs that are clinically integrated. We are proud of the fact that we have retained over 99% of our clients and believe it is the greatest testimony to the high-quality benefits and service satisfaction we provide to both our clients and their members. Headquartered in Clifton, New Jersey.
Website: http://www.e-nva.com
We are an Equal Opportunity employer. - Just Posted
Associate Actuary
- Prudential Ins Co of America
-
Newark, NJ
FULL_TIME
- Job Classification: Actuarial - Actuarial At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing...
- 3 Days Ago
Associate actuary
- Vision Achievement
-
Trenton, NJ
FULL_TIME
- Client : Major Regional Insurance Company We are seeking Associate Actuaries to join the Personal Lines Pricing and Commercial Lines Pricing teams. Great opportunity for someone looking for advancemen...
- 9 Days Ago
Associate actuary
- Prudential Financial
-
Newark, NJ
FULL_TIME
- Job Classification : Actuarial - Actuarial At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career all while growing ...
- 11 Days Ago
Pricing Actuary
- NSM Insurance Group, LLC
-
Cherry Hill, NJ
FULL_TIME
- Overview Are you an Auto Insurance Pricing Actuary ready to transform a niche segment in auto insurance? American Collectors Insurance is seeking a visionary, analytical mind to drive transformation i...
- 1 Month Ago
Associate Actuary
- My Support Staff
-
Trenton, NJ
FULL_TIME
- Experience Level: Mid-SeniorExperience Required: 4 YearsEducation Level: Bachelor's DegreeJob Function: FinanceIndustry: InsuranceCompensation: Competitive (details on application)Total Positions: 1Re...
- 2 Months Ago
Actuary jobs at Popular Companies
AVP, Actuary
- Wilton Re
-
Norwalk, CT
- AVP, Actuary Full Time Norwalk, CT About the Company: Wilton Re is an industry leader in the life (re)insurance space, s...
- 6/2/2024 12:00:00 AM
Associate Actuary
- JCW
-
- JCW is currently recruiting on behalf of a rapidly growing Specialty Insurance Company who are looking to add an associa...
- 6/2/2024 12:00:00 AM
Actuarial Associate
- PRI Technology
-
Whitehouse Station, NJ
- LOCATION: Whitehouse Station, NJ Skills Required Fully Proficiency in Excel and working knowledge of VBA (Visual Basic A...
- 6/2/2024 12:00:00 AM
Actuary
- Assured Guaranty LTD
-
New York, NY
- Position Summary This position is for a nontraditional actuarial role in a line of insurance business that sits at the i...
- 6/1/2024 12:00:00 AM
Associate Actuary
- USAA
-
Phoenix, AZ
- Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
- 6/1/2024 12:00:00 AM
Pricing Actuary
- JCW
-
- JCW is currently recruiting on behalf of a well-established P&C Insurance Company who are looking to add an associate ac...
- 6/1/2024 12:00:00 AM
Internal Actuary
- Farmers Life Insurance Co.
-
- Company Overview: Join Farmers Life Insurance Company, a rapidly growing life insurance company focused on providing inn...
- 5/31/2024 12:00:00 AM
Associate Actuary
- JCW
-
- JCW is currently recruiting on behalf of a rapidly growing Property & Casualty Insurance Company who are looking to add ...
- 5/29/2024 12:00:00 AM
About New Jersey
New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newark Bay, and the Arthur Kill); on the east by the Atlantic Ocean; on the southwest by Delaware across Delaware Bay; and on the west by Pennsylvania across the Delaware River.
New Jersey is often broadly divided into three geographic regions: North Jersey, Central Jersey, and South Jersey. Some New Jersey residents do not consider Central Jersey a region in its own right, but others believe it is a separate geographic and cultural area from the Nor...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$80,842 to $101,158
Most Popular Cities in New Jersey for Actuary Jobs
What does an Actuary do?
Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019