NJ Civil Service Navigator

ACTUARIAL ANALYST

Code: 55221 State Non-Competitive Range: P98 (FY2026)

Because Actuarial Analyst is non-competitive, hiring leans on your background rather than a test score: meet the requirements and apply to the agency directly.

On paper it calls for a bachelor's degree, though the specification lets enough relevant experience stand in for the degree. State payroll currently lists 3 people in the title, most of them at Banking and Insurance.

How to apply

  • No exam
    This title is not filled by examination

    Non-competitive, unclassified, and Senior Executive Service titles are appointed directly by the hiring agency rather than through a civil service exam. Apply directly to the agency below.

  • Agency posting

    Department of Banking & Insurance's employment page may require a click-through to see specific openings. Provisional appointment against a posted vacancy is how most people are actually hired into this kind of title.

Who employs this title

State payroll records show 3 people working under this title. The median actual salary is $115,000. The agencies employing the most are:

  • Banking and Insurance (3)

Counts from NJ YourMoney agency payroll. See statewide workforce analytics.

Official job specification

The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator.

Definition

Under the general supervision of a Managing Actuary or other higher level official in the Department of Banking and Insurance or the Department of Human Services, does varied actuarial work in connection with the valuation of policy and loss reserves, financial and statistical analysis, review of rates, rules, and forms submissions of life and health companies and/or property and casualty companies, including health services and prepayment plans and related institutions; does other related duties as required.

Examples of work

Performs a large portion of the routine to difficult work involved in the study and analysis of material filed by insurance companies pursuant to the requirements of the rating and forms filing laws to determine compliance with statutory and department standards. Prepares written responses to inquiries and complaints received from the public concerning rates, rules, and policy forms. Utilizes computer programs to assist in rate and financial analysis and verification in connection with pricing change requests for all types of insurance, and to verify rates as a result of an inquiry from an insured. Studies and analyzes policy contracts, forms, orders, and endorsements to be used in New Jersey by insurance companies and related institutions. Participates in research projects involving library research and contact with other state and federal agencies, and insurance industry organizations. Answers telephone inquiries concerning submissions and disapprovals. Maintains essential records and files. Determines the net premiums and reserves for various forms of insurance policies. Will be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units. IF ASSIGNED TO PROPERTY AND CASUALTY: Prepares comprehensive technical reports disclosing findings and conclusions based on the review and analysis of rules, rates, and forms filings by insurance companies, joint underwriters, and rating organizations. Participates in examinations at the divisional office or site of rating organizations, advisory organizations, joint underwriting associations, insurance companies, agents, and brokers. IF ASSIGNED TO LIFE AND HEALTH : Prepares comprehensive, technical reports disclosing findings and conclusions based on the review and analysis of rules, rates, and forms filings by insurance companies, service and prepayment organizations, and admissions for life/health and prepayment organizations. Participates in examinations and admissions for life/health and prepayment organizations. Evaluates dental plan organization applications for a certificate of authority.

License

Appointee will be required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essential duties of the position.

Knowledge, skills and abilities

Knowledge of the procedures and formulas used in actuarial computations. Knowledge of New Jersey laws and regulations relevant to insurance companies, rating organizations, and their application to the operations of the division. Ability to comprehend, analyze, interpret, and apply basic law, department regulations, and established policies, standards, and procedures to specific situations. Ability to analyze the reports of insurance companies including financial and prepayments, rate, rule, and form filings. Ability to prepare clear and accurate reports of actuarial analysis and studies containing findings and conclusions. Ability to analyze difficult actuarial problems. Ability to organize assigned work and to develop effective work methods. Ability to maintain essential actuarial records and files. Ability to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units. Ability to read, write, speak, understand or communicate in English sufficiently to perform the duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication. Persons with mental or physical disabilities are eligible as long as they can perform the essential functions of the job with or without reasonable accommodation. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.

Note

The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job specification. Conversely, all duties performed of the job may not be listed. Applicants must meet one of the following or a combination of both experience and education. Thirty (30) semester-hour credits are equal to one (1) year of relevant experience. Four (4) years of professional experience in actuarial work, including or supplemented by twelve (12) semester hour credits in mathematics and/or statistics. OR Possession of a bachelor's degree from an accredited college or university, including or supplemented by twelve (12) semester-hour credits in mathematics and/or statistics. LICENSE/CERTIFICATION: Appointees must possess an associate credential (ASA or ACAS) from the Society of Actuaries or Casualty Actuary Society. As a condition of employment, appointees must comply with the continuing education requirements as outlined in the American Academy of Actuaries' Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. "Professional experience" refers to work that is creative, analytical, evaluative, and interpretive; requires a range and depth of specialized knowledge of the profession's principles, concepts, theories, and practices; and is performed with the authority to act according to one's own judgement and make accurate and informed decisions.