Actuarial Assistant

Penn National Insurance • Harrisburg, PA

2h • Hybrid

About The Position

We are seeking an analytical and motivated Actuarial Assistant to support the Actuary and Senior Actuary in conducting rate and reserve reviews that guide key business decisions. This role is part of our actuarial career progression and is ideal for candidates actively pursuing their professional actuarial designation.
In this position, you will apply actuarial methodologies, perform detailed pricing and profitability analyses, and develop data-driven insights to support underwriting, claims, and regulatory filings. You will serve as a departmental resource on data analytics and the use of the Enterprise Data Warehouse, while preparing rate filing materials, monitoring regulatory activity, and contributing to the development of actuarial models and tools.
The ideal candidate brings strong mathematical and statistical skills, experience with actuarial pricing or reserving, solid communication abilities, and a passion for continuous learning. This role offers meaningful collaboration across departments, opportunities for technical growth, and the chance to make a direct impact on corporate strategy and financial performance.

Requirements

• Bachelor of Science degree in mathematics, actuarial science or similar curriculum providing rigorous analytical training.
• Minimum of 2 years of general Actuarial experience or 1 year of Actuarial experience and the successful completion of two exams of the Casualty Actuarial Society.
• Requires statistical and math skills necessary for completion of actuarial exams.
• Requires the ability to think critically and exercise independent judgment in the analysis of data.
• Requires a basic understanding of actuarial pricing and reserving techniques for various lines of business.
• Knowledge of the fundamentals of property and casualty insurance.
• Uses skills obtained through the completion of actuarial exams to analyze data and information.
• Familiarity with personal computer spreadsheets and database programs.
• Strong organizational skills.
• Must possess good written and oral communication skills.
• Must be able to see and effectively use a computer monitor.
• Must be able to operate a computer, keyboard and applicable printers and other general office equipment.
• Must be able to access and enter information accurately using automated systems.
• Must be able to hear and communicate via the telephone and/or monitoring devices to both internal and external clients.
• Must be able to present information to individuals and groups.
• Must be able to interpret and apply concepts that may or may not be based upon established guidelines.
• Must be able to maintain acceptable attendance and adhere to scheduled work hours.
• Must have a valid driver’s license and be able to operate a motor vehicle.
• Must be able to travel, with overnight stays required.

Nice To Haves

• Two or more exams of the Casualty Actuarial Society preferred.
• Prior experience to include ratemaking or reserving experience preferred.

Responsibilities

• Utilizes actuarial methodology and assumptions
• Completes detailed pricing analysis, e.g. homeowners amount of insurance and class relativities.
• Acts as the Actuarial Department’s expert on the construction and use of the Enterprise Data Warehouse.
• Applies data to solve common business problems
• Compiles, manipulates and analyses data of varying complexity.
• Communicates results of analysis to the Actuary, Senior Actuary, or VP – Actuarial.
• Communicates with company Underwriting Operations staff and Claims Division staff with regard to data analysis.
• Stays abreast of emerging topics in actuarial-related insurance issues.
• Prepares rate filing materials, including appropriate supporting exhibits and documentation.
• Monitors the activity of rate bureaus and regulatory agencies.
• Develops rate or reserve analysis
• Develops computer application systems for analysis, manipulation, and reporting of actuarial data.
• Prepares profitability studies by reporting segment including size of policy, industry segment, and agent.
• Performs other duties as may be assigned by the Senior Actuary

Benefits

• Generous 401(k) match, graded profit sharing, incentive compensation, and a wide range of benefits to support your financial health, physical well-being and career development.
• We offer remote and hybrid work options, flexible scheduling and a “dress-for-your-day” culture.
• We celebrate your achievements, big and small, through employee recognition programs designed to honor your contributions.
• Access to programs that help you enhance your knowledge, skills and educational goals along with 100% tuition reimbursement for academic studies.
• Tailored designation programs to help you advance in your career such as CPCU, AINS, CPA, CISSP, and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level