Actuarial Associate - Product Management

Physicians Mutual Insurance Company, Inc. • Omaha, NE

15h

About The Position

At Physicians Mutual, we’re looking for a talented actuarial professional to join our Product Management team. This is a great opportunity to contribute to meaningful work that supports product pricing, development, and long-term business growth. In this role, you’ll use your analytical and problem-solving skills to ensure our Medicare Supplement and other Health products are thoughtfully designed, competitively priced, and fully compliant with regulatory requirements. You’ll collaborate closely with cross-functional teams across actuarial, finance, marketing, and product development, helping to deliver insights that drive business decisions and strengthen our portfolio.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related analytical field
• Associate of the Society of Actuaries (ASA) designation required
• 2+ years of experience or familiarity with individual health insurance products, including Medicare Supplement
• Strong analytical and technical capabilities, including advanced Excel skills and exposure to actuarial modeling or statistical tools
• Ability to translate complex analytical concepts into clear, actionable insights for both technical and non-technical audiences
• Demonstrated commitment to ongoing professional growth and continuing actuarial education
• Strong attention to detail, accuracy, and problem-solving skills
• Collaborative, team-oriented mindset with the ability to partner effectively across departments

Responsibilities

• Conduct experience studies and analyze data related to persistency, mortality, morbidity, and expenses.
• Support product pricing and development by evaluating assumptions, profitability, and regulatory compliance.
• Assist in preparing and maintaining rate filings, actuarial memorandums, and related documentation.
• Contribute to re-rating analyses and renewal rate setting, presenting findings to management.
• Develop and maintain models using tools such as Excel or ALFA software.
• Collaborate with internal teams to deliver accurate, timely information and actionable insights.

What This Job Offers

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