Actuary Chief Salary at Njm Insurance Group BETA

How much does a Njm Insurance Group Actuary Chief make?

As of March 2025, the average annual salary for an Actuary Chief at Njm Insurance Group is $180,099, which translates to approximately $87 per hour. Salaries for Actuary Chief at Njm Insurance Group typically range from $164,669 to $194,653, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

NJM Insurance Group Overview

Website:
njm.com
Size:
1,000 - 3,000 Employees
Revenue:
$3B - $5B
Industry:
Insurance

New Jersey Manufacturers (NJM) Insurance Company offers personal auto, commercial auto, workers' compensation, homeowners, condo, renters, and umbrella insurance. The company was founded in 1913 and is headquartered in the West Trenton section of Ewing Township, Mercer County, New Jersey.

See similar companies related to Njm Insurance Group

What Skills Does a person Need at Njm Insurance Group?

At Njm Insurance Group, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Actuarial: Actuarial performs complex calculations to determine the likelihood of various outcomes related to accidents, illnesses, consumer demand, and investments.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
  4. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
  5. Actuarial Science: The discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty.

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Check more jobs information at Njm Insurance Group

Job Title Average Njm Insurance Group Salary Hourly Rate
2 Workers' Compensation Claims Representative $56,776 $27
3 Property Claim Representative $66,091 $32
4 Property Claims Adjuster $85,547 $41
5 Recovery Specialist $51,658 $25
6 Safety Security Coordinator $70,982 $34
7 Sales & Marketing Specialist $93,910 $45
8 Senior Appraiser $108,957 $52
9 Senior Auditor $117,390 $56
10 Senior Claims Specialist $48,344 $23
11 Senior Internal Auditor $94,528 $45
12 Senior Software Engineer $148,986 $72
13 Senior Special Investigator $80,894 $39

Hourly Pay at Njm Insurance Group

The average hourly pay at Njm Insurance Group for an Actuary Chief is $87 per hour. The location, department, and job description all have an impact on the typical compensation for Njm Insurance Group positions. The pay range and total remuneration for the job title are shown in the table below. Njm Insurance Group may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $180,099 look to you?

FAQ about Salary and Jobs at Njm Insurance Group

1. How much does Njm Insurance Group pay per hour?
The average hourly pay is $87. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Njm Insurance Group?
According to the data, the highest approximate salary is about $194,653 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Njm Insurance Group?
According to the data, the lowest estimated salary is about $164,669 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.