INSURANCE ANALYST 4 RATING
Rating
Career Family: INSURANCE ANALYST
Insurance Analyst 4 Rating is a state title in New Jersey's competitive civil service, which means the way in is an open exam rather than a direct appointment.
On pay it sits at the foot of the Insurance Analyst ladder. One promotion up is Insurance Analyst 3 Rating, whose band tops out about $13,208 higher. On paper it calls for a bachelor's degree, though the specification lets enough relevant experience stand in for the degree. Pay on the FY 2027 schedule runs $60,876 to $88,743, and state payroll currently lists about 11 people in the title, most of them at Banking and Insurance.
How to apply
This title is filled by competitive examination.
See every real route in, and where to apply. One agency employs it. We don't track live vacancies.
See where to apply for this title →Who employs this title
Insurance Analyst 4 Rating appears on the State payroll at one department, Department of Banking & Insurance.
State departments
| Employer | Employees |
|---|---|
| Department of Banking & Insurance | 11 |
State payroll and independent authority payroll are separate systems and are never merged. See data sources.
Pay ladder: Insurance Analyst series
- Insurance Analyst 4 Rating — $60,876 – $88,743 (this title)
- Insurance Analyst 3 Rating — $69,668 – $101,951
- Insurance Analyst 2 Rating — $83,582 – $122,832
- Insurance Analyst 1 Rating — $95,955 – $141,386
Promoting to Insurance Analyst 3 Rating raises the top of the band by about $13,208. Its top salary lands around the 30th percentile of all NJ civil service titles that publish a range.
Rungs are ordered by FY 2027 pay. NJ level numbers are not always sequential, so ordering follows salary rather than the title number.
Who employs this title
State payroll records show 11 people working under this title. The median actual salary is $66,895. The agencies employing the most are:
- Banking and Insurance (11)
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. Source: the official specification page at NJ CSC.
Definition
Under supervision of an Insurance Analyst 1 (Rating) or other supervisory official within the Division of Actuarial Services, Property/Liability, Department of Insurance, reviews and analyzes the routine filings submitted by insurance companies and rating organizations representing insurance companies pursuant to the requirements of the rating and form filing laws and prepares recommendations for the approval or disapproval thereof; does related work as required.
Examples of work
Does the routine work involved in the study and analysis of the material filed by insurance companies and rating organizations pursuant to the requirements of the rating and forms filing laws to determine compliance with statutory and department standards. Studies and analyzes policy contracts, forms, orders, and endorsements which are to be used in New Jersey insurance companies. Participates in examinations at the divisional office or site of rating organizations, advisory organizations, joint underwriting associations, insurance companies, and agents and brokers. Prepares clear, sound, accurate, and informative statistical and other reports containing findings, analysis, conclusions, and recommendations. Prepares written responses to inquiries and complaints received from the public concerning rates, rules, and policy forms. Participates in research projects involving contact with other state and federal agencies, library research, and contact with insurance industry organizations. Examines companies' license paragraphs and rating systems to determine insurance writing authority for the various types of property and casualty insurances. Corresponds with companies and rating bureaus. Notifies other state and private agencies of insurance companies writing authority. 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.
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 principles of rating and insuring procedures followed by insurance companies and rating organizations. Ability to analyze and interpret the state and other laws and regulations pertaining to insurance company operations. Ability to organize assigned work and develop effective work methods. Ability to review and analyze detailed material submitted on routine filings made pursuant to the rating and form filing laws and to prepare appropriate recommendations based thereon. Ability to make studies and analysis of policy contracts, forms, orders, and endorsements. Ability to assist in examinations of rating organizations, joint underwriting associations, insurance companies and agents and brokers. Ability to prepare clear, sound, technically accurate, and informative reports containing findings, conclusions, and recommendations. Ability to maintain the essential division 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 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 on 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. Five (5) years of professional experience in work involving the analysis of property/liability rating systems and policy forms used by insurance companies and/or rating organizations,including or supplemented by (12) semester hour credits in mathematics, statistics, and/or actuarial science. Successful completion of at least one (1) part of the Chartered Property Casualty Underwriters Program (CPCU) or one (1) Actuarial Exam of the Casualty Actuarial Society, or a Certified Insurance Counselor (CIC) designation, or an Accredited Adviser in Insurance designation, or an Associate in Underwriting, or an Associate in Insurance Accounting and Finance from the Insurance Institute of America. OR Possession of a Bachelor's degree from an accredited college or university, including or supplemented by (12) semester hour credits in mathematics, statistics, and/or actuarial science. Successful completion of at least one (1) part of the Chartered Property Casualty Underwriters Program (CPCU) or one (1) Actuarial Exam of the Casualty Actuarial Society, or a Certified Insurance Counselor (CIC) designation, or an Accredited Adviser in Insurance designation, or an Associate in Underwriting, or an Associate in Insurance Accounting and Finance from the Insurance Institute of America; and one (1) year of the above-mentioned professional experience. "Professional experience" refers to work that is analytical, evaluative, and interpretive; requires a range of basic knowledge of the profession's concepts and practices; and is performed with the authority to act and make accurate and informed decisions.