Actuarial Analyst (Hybrid)
NFP Corp•Woodbury, MN
•$75,000 - $90,000•Hybrid
About The Position
As an Actuarial Analyst, you will be responsible for analyzing claims and risk data, developing actuarial models, projecting costs and liabilities, and supporting underwriting and reinsurance decision-making. The role combines technical actuarial work with data analysis to help evaluate risk exposure, pricing, reserves, and program performance.
Requirements
- Proficiency in Microsoft Excel
- Excellent written and verbal communication skills
- Commitment to pursuing actuarial credentials, continuous learning, and professional growth
- Ability to work collaboratively while taking ownership of assigned work
- At least one actuarial internship or other directly relevant analytical experience
- Exposure to, or interest in learning, SQL, Python, and AI-enabled analytical tools
- Demonstrated leadership through academic, professional, or extracurricular activities
- Strong analytical, problem-solving, and technical skills, coupled with intellectual curiosity and the initiative to seek out answers, improve processes, and continuously learn
- Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or another quantitatively rigorous field
- Cumulative GPA of 3.5 or higher
- Completion of two or more actuarial exams
Nice To Haves
- Exposure to, or interest in learning, SQL, Python, and AI-enabled analytical tools
Responsibilities
- Analyze medical claims, membership, pricing, and underwriting data to identify trends and support business decisions
- Conduct actuarial research and experience studies, applying actuarial methods to develop and refine pricing assumptions
- Evaluate provider network discounts and performance and develop network and PPO factors used in rating
- Develop pricing for medical, dental, and vision benefit plans and partner with Underwriting to evaluate plan designs
- Support the review and ongoing refinement of manual rates, trend assumptions, and other pricing factors
- Contribute to the development and pricing of new products and benefit offerings
- Perform loss-ratio and financial analyses to evaluate business performance and emerging experience
- Present findings and recommendations clearly to actuarial, underwriting, and other business partners
- Take increasing ownership of projects and decisions while receiving guidance and mentorship from experienced team members
Benefits
- Competitive salary
- PTO & paid holidays
- 401(k) with match
- Exclusive discount programs
- Health & wellness programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
