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 Asst Actuary

Details
Country: USA
Location: New Jersey-Northern Madison
Total applied: 5
Job Category:Accounting/Finance/Insurance
Location:US-NJ-Madison
Status:Full Time, Employee
Occupations:Actuarial Analysis;Credit Review/Analysis;General/Other: Accounting/Finance
Career Level:Experienced (Non-Manager)
Asst Actuary

ACE INA is the U.S.-based division of the ACE Group of Companies, which providesinsurance and reinsurance for a diverse group of clients around the world.Through subsidiaries of the ACE Group of Companies, ACE INA offers a broad arrayof sophisticated property, casualty, accident and health, and financialproducts, and risk management services to corporate and consumer clients across the U.S.ACE is dedicated to recruiting and developing talented individuals with the knowledge, ability and desire for success. With our strong capital base, financial stability, diversified earnings stream and multinational operating platform, we offer an excellent opportunity for your future growth and development.Details of this great opportunity follow:Line of Business: ACE Private Risk ServicesLocation: Madison, NJ Title: Actuarial Rate AnalystJob Summary:The Actuarial Rate Analyst is responsible for analyzing, developing and maintaining the rates for all of the Company’s Personal Lines products. Duties and Responsibilities:• Prepare actuarial rate indications based on the profitability of the business. • Working with field management, prepare competitive rate analyses of the Company’s key competitors. • Prepare rate proposals by state and line of business based on internal profitability studies and competitive analysis.• Revises rates in conjunction with pricing proposals• Prepares actuarial support and filing memorandums to accompanying rate filings• Aids in the pricing of new products and rating plans• Completes profitability analyses and ad hoc reports as requiredQualifications:• Math and analytical skills, normally acquired through a BS or BA degree in Math, Statistics or related field• Minimum of 2 years experience in either Commerical or Personal Lines P&C preferred• Completion of 2 Actuarial examinations, preferred but not required• Excellent analytical and communication skills• Strong computer skills, proficient in Excel, familiarity with SAS helpfulACE Limited (NYSE: ACE), the Bermuda-based holding company of the ACE Group of Companies, is one of the worlds leading insurance and reinsurance organizations, with 2006 gross premiums written of $17.4 billion and net premiums written of $12.0 billion. The companys book value per ordinary share was $42.03 at the end of 2006, up from $34.81 the year before, and our investment income in 2006 was up 27 percent from the previous year to $1.6 billion. The ACE Group provides a diversified range of products and services to clients through operations in more than 50 countries around the world, and has the authority to conduct business in over 140 countries. Additionally, ACE is an S&P® 500 component company, listed sixth in Business Weeks® Top 50 companies.ACE offers a competitive salary plus cash bonus, equity opportunities and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan with $1 per $1 company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.Sound like the right job for you? If you would like additional information about ACE INA, please visit our website at http://www.aceusa.comACE INA is an equal opportunity employer and our employment decisions are made without regard to race, color, religion, age, gender, national origin, disability, handicap, marital status or any other status or condition protected by Federal and/or State laws, except where bona fide occupational qualificationsapply.In order to be considered an applicant for employment with ACE, all applicants must go to ACEs website at www.ace-ina.com to apply for the position(s) of interest and complete an online application (found under Careers at ACE in the upper right hand corner of the homepage). If you do not complete the onlineapplication, you will not be considered an applicant in accordance with ACEs policy.

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