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Insurance Analyst Jobs in Nutley, NJ (NOW HIRING)

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Insurance Analyst information

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How much do insurance analyst jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for insurance analyst in Nutley, NJ is $24.19, according to ZipRecruiter salary data. Most workers in this role earn between $19.57 and $26.63 per hour, depending on experience, location, and employer.

What is an insurance analyst?

Insurance Analysts are professionals who evaluate insurance policies, claims, and risks for individuals or organizations. They analyze data to determine appropriate coverage, assess the likelihood of claims, and help set premiums. Insurance Analysts play a critical role in ensuring that insurance products are financially sound and comply with industry regulations. Their work helps insurance companies manage risk effectively and provide fair policies to clients.

What does an insurance analyst do?

As an insurance analyst, you use computer software to evaluate insurance policies to determine the risks for a policyholder and an insurance company. You meet with clients and offer recommendations for choosing a policy that suits their needs. You review insurance applications to ensure they are complete and accurate. Other duties include completing policy renewals, changes, and cancellations, analyzing quotes and binders, and verifying record accuracy. You review claims to ensure legitimacy by verifying the details, conducting investigations (going to the scene of an accident, interviewing witnesses, police, etc.), gathering underwriting data, and providing recommendations to management. Some positions require you to create analytical reports to keep clients informed of trends.

What are the key skills and qualifications needed to thrive as an insurance analyst, and why are they important?

To thrive as an Insurance Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field, often supported by a relevant degree. Familiarity with data analysis tools, insurance management systems, and sometimes certifications like CPCU or AINS are typically required. Excellent communication, problem-solving, and organizational skills help you interpret data and present insights effectively. These skills are crucial for accurately assessing risk, supporting sound decision-making, and ensuring compliance within the insurance industry.

What are some typical challenges insurance analysts face when working with large data sets, and how can they address them?

Insurance Analysts often work with vast and complex data sets, which can present challenges such as ensuring data accuracy, identifying meaningful trends, and managing incomplete or inconsistent information. To address these challenges, analysts frequently use specialized software tools for data cleaning and analysis, collaborate closely with IT teams, and develop strong attention to detail. Proactively communicating with underwriters, actuaries, and other stakeholders also helps ensure that data-driven insights are accurate and actionable.

What is the difference between Insurance Analyst vs Claims Adjuster?

AspectInsurance AnalystClaims Adjuster
Required CredentialsBachelor's degree in finance, business, or related field; certifications like CPCU or ARMBachelor's degree; state licensing may be required; certifications like AIC or CPCU
Work EnvironmentOffice setting, analyzing data, preparing reportsField and office work, investigating claims
Employer & Industry UsageInsurance companies, brokerage firms, consultingInsurance companies, third-party administrators
Common Search & Comparison IntentUnderstanding analytical roles in insuranceEvaluating claims processing and adjustment roles

Insurance Analysts focus on data analysis, risk assessment, and policy evaluation within insurance companies, often working in an office environment. Claims Adjusters investigate and settle insurance claims, frequently working in the field. Both roles require similar credentials and industry experience, but their daily tasks and work settings differ significantly.

How much do insurance analysts make?

Insurance analysts typically earn a median annual salary of around $70,000, with entry-level positions starting lower and experienced analysts earning over $100,000. Salaries vary based on location, experience, and certifications such as CPCU or ARM, and the role often involves analyzing data and assessing risk using specialized software.

What are the responsibilities of an insurance analyst?

An insurance analyst evaluates insurance policies, assesses risk factors, and analyzes data to determine coverage options and pricing. They often review claims, ensure compliance with regulations, and use tools like spreadsheets and databases to support decision-making. Strong analytical skills and knowledge of insurance policies are essential for this role.

What job categories do people searching Insurance Analyst jobs in Nutley, NJ look for?

The top searched job categories for Insurance Analyst jobs in Nutley, NJ are:

Infographic showing various Insurance Analyst job openings in Nutley, NJ as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, 4% Contract, and 1% Nights. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $50,315 per year, or $24.2 per hour.

Actuarial & Statistical Data Analysts

MSIG Holdings USA, Inc.

Warren, NJ โ€ข On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 7 days ago


Job description

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary ofMS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks.

Position Summary

MSIG USA is a fast-growing specialty insurer focused on serving large, complex commercial clients with customized underwriting, claims, and risk management solutions.

The Senior Analyst, Statistical Reporting & Insurance Analytics is responsible for executing data, reporting, and analytical activities that support actuarial reserving, pricing, insurance analytics, regulatory compliance, and strategic business decision-making. This role develops and delivers statistical reporting submissions required by state regulatory agencies, rating bureaus, and industry organizations while also supporting actuarial and business operations through data analysis, reporting, automation, and quality assurance initiatives.

As a member of the Actuarial team, which includes Pricing, Reserving, Insurance Analytics, Catastrophe Modeling, and Statistical Reporting, this position works closely with actuarial, operations, technology, data management, and external vendor partners to ensure accurate and timely reporting, data integrity, and continuous process improvement. The role also contributes to MSIG USA's ongoing analytical transformation through automation and system enhancement initiatives.

Key ResponsibilitiesStatistical Reporting and Regulatory Compliance (40%)
  • Develop, validate, and deliver components of MSIG USA's approximately 250 recurring statistical reports submitted to state regulatory agencies, rating bureaus, and industry organizations.
  • Coordinate reporting activities between internal stakeholders and external compliance reporting vendors, including Perr & Knight.
  • Support both ongoing business-as-usual reporting requirements and the migration of statistical reporting processes to new policy and claims administration systems.
  • Serve as a liaison between regulatory reporting vendors and technology teams to ensure accurate maintenance of state taxes, licenses, fees, and reporting requirements within policy administration systems.
  • Review statistical reporting output for accuracy and completeness prior to submission.
  • Submit data to appropriate regulatory agencies and bureaus, investigate reporting exceptions, and resolve data validation errors.
  • Maintain reporting control logs and documentation to ensure compliance with reporting deadlines and regulatory requirements.
  • Perform resubmissions as necessary until reports are accepted by external reporting entities.
  • Support reporting requirements including:
    • ISO Verisk Commercial Lines Reporting (CSP, SCP+, Financial Calls)
    • Statistical Agent Association (SAA) Reporting
    • National Council on Compensation Insurance (NCCI) Reporting
    • Independent Bureau Reporting
    • Excess & Surplus (E&S) Lines Reporting
Business Analytics and Reporting Development (20%)
  • Develop new reports, analytical models, and data queries utilizing internal and external data sources.
  • Support actuarial, underwriting, claims, finance, and management teams with data-driven insights that contribute to profitability, growth, and operational effectiveness.
  • Assist in pricing, reserving, underwriting, claims, credit, and financial analysis initiatives.
  • Identify opportunities to improve reporting efficiency and data accessibility.
  • Collaborate with Data Management, Data Operations, and Technology teams to automate manual reporting processes and enhance reporting capabilities where business value and return on investment are demonstrated.
Systems Development, Data Requirements and UAT Leadership (20%)
  • Serve as a subject matter expert for statistical reporting requirements related to policy and claims administration systems.
  • Support the development and documentation of business requirements for system enhancements, regulatory reporting needs, and break-fix initiatives.
  • Participate in cross-functional projects involving Guidewire, Solartis, and internally developed policy and claims administration systems.
  • Lead or support User Acceptance Testing (UAT) activities for statistical reporting functionality within system implementations and enhancements.
  • Validate system changes and reporting outputs to ensure compliance, accuracy, and alignment with business requirements.
  • Collaborate with Technology, Operations, and Actuarial stakeholders to identify and resolve reporting issues.
Data Quality, Process Improvement and Operational Support (20%)
  • Perform data validation, reconciliation, and quality assurance reviews across multiple reporting processes.
  • Maintain reporting documentation, procedures, and workflows.
  • Support continuous improvement initiatives that enhance reporting accuracy, operational efficiency, and data governance.
  • Assist with ad hoc reporting and analytical requests from business stakeholders.
  • Monitor reporting trends, identify anomalies, and recommend corrective actions when appropriate.
QualificationsEducation
  • Bachelor's degree in Actuarial Science, Statistics, Mathematics, Economics, Data Analytics, Computer Science, Finance, or a related quantitative field required.
  • Progress toward professional actuarial designation is a plus.
Experience
  • 3-7 years of experience in Property & Casualty insurance, actuarial support, statistical reporting, regulatory reporting, insurance analytics, or a related analytical discipline.
  • Experience working with insurance data, reporting systems, and regulatory reporting requirements.
  • Experience supporting system implementations, data projects, or reporting automation initiatives preferred.
Technical Skills
  • Experience querying and analyzing large datasets using SQL or similar tools.
  • Strong Microsoft Excel skills, including advanced functions and data analysis capabilities.
  • Knowledge of Property & Casualty insurance operations, policy administration systems, and claims systems.
  • Familiarity with statistical reporting requirements, regulatory reporting processes, and insurance bureau submissions.
  • Experience with reporting, business intelligence, or data visualization tools preferred.
  • Exposure to Guidewire, Solartis, or similar policy administration systems preferred.
SALARY: The estimated salary range for this position is $70,000.00-90,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate's relevant experience, location, and other job-related factors.
Additional Benefits:
Healthcare and Retirement Benefits
Comprehensive medical, dental, and vision coverage
401(k) with a generous employer match and profit-sharing contribution
Wellness incentive program
Life and accidental death and dismemberment (AD&D) insurance
Flexible spending programs
Short-term and long-term disability plans
Additional Benefit Programs
Paid time off program
Paid charitable leave
Paid parental leave
Tuition reimbursement program
Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!


It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.