Selective Insurance · 1 day ago
Associate Actuary (Hybrid)
Hartford, CT
Full-time
Hybrid
Senior Level
$121K/yr - $184K/yr
5+ years expSelective Insurance is a midsized U.S. domestic property and casualty insurance company with a strong history of financial performance. The Associate Actuary will support the Actuarial Advanced Pricing department by developing and implementing predictive models, collaborating with teams to analyze data, and communicating findings to improve business outcomes.
FinanceFinancial ServicesInsurance
Responsibilities
Collaborate with pricing and reserving teams to prepare raw historical policy data for modeling, including loss adjustments, premium on-leveling, and thorough data validation and reconciliation to other sources
Proactively research and explore new model variables. Evaluate strength of model variables through the use of AvE graphs, lift curves and other diagnostics
Perform analyses 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
Communicate model findings to others inside and outside the department, ensuring the highest level of buy-in from business partners
Continuously explore and champion new modeling techniques and incorporation of third-party data
Work with IT and other departments regarding implementation of models, ensuring predictive models are properly implemented and utilized correctly
Develop modeling monitors to derive clear, actionable insights and communicate with business partners regarding emerging results to improve business outcomes in other areas
Assist manager in checking work of junior analysts as well as providing guidance and support for junior analysts’ modeling projects
Qualification
Required
Advanced knowledge of statistics, including regression models, correlation analysis, and measures of fit
Commercial lines pricing/ratemaking experience
Knowledge of commercial lines rating plans
Ability to explain complex actuarial/statistical issues to others
Good organizational skills and attention to detail
Proficiency in Microsoft Excel and at least one actuarial/statistical language such as SQL, R or Python
College Degree in Actuarial Science, STEM (Science, Technology, Engineering, Mathematics), or similar analytical field preferred
Associate or Fellow of the Casualty Actuarial Society (ACAS/FCAS)
5 or more years of Actuarial experience
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.
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 (45)
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