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Actuarial Associate Jobs in Edison, NJ (NOW HIRING)

Verisk

Actuarial Associate - Farmowners

Jersey City, NJ · On-site

Description We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners. The Businessowners Product team is responsible for Businessowners ...

New York Life

ACTUARIAL ASSOCIATE

Manhattan, NY

$100K - $143K/yr

This role is part of the actuarial development program. We provide our actuarial trainees with a broad background in both theoretical and practical applications of actuarial science by combining ...

Verisk

Actuarial Associate, E&S Property

Jersey City, NJ · On-site

$120K - $140K/yr

The Actuarial Associate will join our growing actuarial team and be responsible for supporting the development of innovative actuarial product solutions to help the industry better price and manage ...

Aon Corporation

Actuarial Associate Director

New York, NY · On-site

$150K - $180K/yr

STG Actuarial Associate DirectorLocation: Chicago, New York, New York, Minneapolis MN Aon is in the business of better decisions At Aon, we shape decisions for the better to protect and enrich the ...

New

New York Life

SENIOR ACTUARIAL ASSOCIATE

Manhattan, NY

$124K - $177K/yr

This role is part of the actuarial development program. We provide our actuarial trainees with a broad background in both theoretical and practical applications of actuarial science by combining ...

Verisk

Farmowners Actuary

Jersey City, NJ · On-site

$120K - $140K/yr

We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners. The Businessowners Product team is responsible for Businessowners and ...

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All JobsActuarial Associate JobsActuarial Associate Jobs in Edison, NJ

Actuarial Associate information

See Edison, NJ salary details

$52.8K

$117.7K

$163.6K

How much do actuarial associate jobs pay per year?

As of Aug 30, 2026, the average yearly pay for actuarial associate in Edison, NJ is $117,686.00, according to ZipRecruiter salary data. Most workers in this role earn between $102,000.00 and $131,500.00 per year, depending on experience, location, and employer.

What is an actuarial associate?

Actuarial Associates are professionals who use mathematics, statistics, and financial theory to analyze risk and uncertainty, primarily for insurance companies, consulting firms, and other financial institutions. They typically assist senior actuaries in gathering and analyzing data, preparing reports, and developing models to predict future events such as insurance claims or pension payouts. Actuarial Associates are often working towards their professional actuarial credentials by passing a series of exams. Their work is crucial in helping organizations make informed decisions about pricing, investments, and risk management.

What are the key skills and qualifications needed to thrive as an actuarial associate?

To thrive as an Actuarial Associate, you need strong analytical skills, mathematical proficiency, and a bachelor's degree in actuarial science, mathematics, statistics, or a related field, often complemented by progress in actuarial exams. Familiarity with actuarial software (such as Prophet or SAS), spreadsheet tools like Excel, and programming languages like SQL or Python is important, along with membership or candidacy in professional actuarial societies. Attention to detail, problem-solving ability, and effective communication stand out as crucial soft skills for this role. These competencies ensure accurate risk assessment, effective collaboration, and informed decision-making in insurance, finance, or consulting environments.

What are some common challenges actuarial associates face when transitioning from academic study to a professional work environment?

Actuarial Associates often find the shift from academic settings to professional environments challenging due to the increased emphasis on collaboration, communication, and meeting business deadlines. Unlike the structured nature of exams, real-world projects require balancing multiple tasks, adapting to rapidly changing priorities, and clearly explaining complex analyses to non-technical stakeholders. Additionally, navigating actuarial software and learning company-specific processes can be a steep learning curve. However, most teams provide mentoring and structured onboarding programs to help new associates adapt and succeed.

What is the difference between Actuarial Associate vs Actuarial Analyst?

AspectActuarial AssociateActuarial Analyst
CredentialsTypically requires passing 2-4 actuarial exams, often pursuing ASA designationUsually requires passing 1-3 exams, often at early stages of ASA or similar
Work EnvironmentCorporate insurance or consulting firms, performing complex analysisInsurance companies, consulting firms, focusing on data analysis and modeling
Employer & Industry UsageCommon in insurance, pension, and consulting sectorsWidely used in insurance and financial services

The main difference between an Actuarial Associate and an Actuarial Analyst lies in experience level, exam progress, and responsibilities. Actuarial Associates typically have more exams passed and handle more complex tasks, while Actuarial Analysts focus on data analysis and supporting actuarial work at earlier stages of their careers.

What are the most commonly searched types of Actuarial jobs in Edison, NJ?

The most popular types of Actuarial jobs in Edison, NJ are:

What cities near Edison, NJ are hiring for Actuarial Associate jobs?

Cities near Edison, NJ with the most Actuarial Associate job openings:

Actuarial Associate jobs near you
Infographic showing various Actuarial Associate job openings in Edison, NJ as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $117,686 per year, or $56.6 per hour.

Actuarial Associate - Farmowners

Jersey City, NJ • On-site

Verisk
Library and Information Services • 5 - 10K employees

7.6

Company rating: 7.6 out of 10

Based on 129 frontline employees who took The Breakroom Quiz

104th of 226 rated it services

People enjoy working here

Good employer

Paid breaks

Learn more about Veriskexternal

Full-time

Posted 8 days ago

Job description

hackajob is collaborating with Verisk to connect them with exceptional professionals for this role.

Description

We are looking for an Actuarial Associate to join the Businessowners Actuarial Product team, specializing in Farmowners.

The Businessowners Product team is responsible for Businessowners and Farmowners. The team is responsible for analyzing and creating pricing for new and emerging insurance risks; performing deep dives into pricing methodologies with the goals to enhance and innovate pricing of existing products and coverages; leading efforts in secure filing of pricing changes; providing supports for filings of coverage changes; and maintaining customer focus in all their work.

The successful candidate will enjoy identifying and solving complex actuarial problems, be comfortable working with team members on high-profile projects and own part of the processes, and have the ability to explain work in non-technical contexts to internal and external customers. 

The role will focus on supporting the Farmowners program. This will include ratemaking and loss cost reviews as well as general product support and enhancements. Familiarity with Farmowners insurance or similar coverages is strongly preferred. The ideal candidate will also have an understanding of coverage forms and language, rating rules, and the insurance market.

In addition, this person will work closely with our coverage team and may represent Farmowners supporting cross-LOB initiatives and Reimagine initiatives.

Responsibilities

Responsibilities:

  • Work on projects independently or in collaboration with other functional areas that target on developing enhancements and innovations to actuarial products and procedures for the ISO Farmowners program

  • Collaborate closely with other ISO divisions on new products that may be actuarial or underwriting focused

  • Maintain a high level of customer engagement through product presentations and responses to customer inquiries

  • Provide actuarial analyses in supporting, maintaining and enhancing existing Farmowners actuarial products

  • Analyze market, industry, competitor, legal, and regulatory trends and use these to provide actionable insights that drive the business of both the company and its customers

  • Interact with regulatory authorities to support filings of loss cost reviews and new/enhanced products

Qualifications

Qualifications:

  • Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related majors

  • ACAS preferred

  • 5+ years of P&C actuarial experience; property and/or pricing experience preferred

  • Familiarity with Farmowners insurance or similar coverages is strongly preferred

  • Experience in quantitative and qualitative data analysis strongly preferred

  • Demonstrated ability to lead initiatives, work independently and as part of a team

  • Strong interpersonal, oral, and written communication skills, including presentation skills

  • Knowledge of market, industry, customer, and competitor trends

  • Familiarity with predictive analytics modeling preferred but not required

  • Strong computing skills desired, such as SAS, SQL, Python, Access, and Excel

    #LI-MC1

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About Verisk

Sourced by ZipRecruiter

Verisk is a top-tier data analytics organization based in Jersey City, NJ, US, known for its deep industry knowledge and analytical prowess. Operating in the global risk assessment industry, it provides predictive analytics and decision support solutions to a wide range of industries like insurance, natural resources, financial services, government, and health care. Founded in 1971, Verisk operates on a mission of helping customers make superior decisions to minimize risk. With an organic growth strategy, Verisk offers a diverse portfolio of solutions, like risk assessment and decision analytics, that help businesses understand and manage their risks.

Industry

Library and information services

Company size

5,001 - 10,000 Employees

Headquarters location

Jersey City, NJ, US

Year founded

1971

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Benefits

Hours and flexibility

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