Actuarial Associate

M Financial Group•Dallas, TX

1d•Hybrid

About The Position

M Financial Group is a community of leaders comprising the best and brightest minds in our industry. By combining individuals’ expertise and skill, M Financial Group has become a powerful force committed to advancing the interests of our industry, communities, and clients for over 40 years. M’s solutions are rooted in the diverse expertise of our team, our collaborative approach to innovation and our comprehensive support. We embrace a progressive, dynamic mindset for every role. M Financial Group provides a professional community that actively supports individuals with diverse backgrounds and perspectives who come together to build and support best-in-class solutions. If you’re looking to be a part of a high-performing, collaborative, and dedicated team, M Financial Group is in search of our next Actuarial Associate to join our team.

Requirements

Bachelor’s degree in actuarial science, mathematics, finance, economics, or related area
2-3 actuarial exams completed towards the ASA designation from the Society of Actuaries
1-3 years of actuarial experience
Excellent oral and written communication skills
Excellent MS Office software skills including Excel, Access, Word, and a strong ability to use the internet
Strong computer proficiency including installing software, using command line programs, and scheduling tasks
Experience automating tasks or analyzing data, preferably using Python or SQL
Excellent high-level mathematical and analytical skills
Ability to work independently, demonstrating initiative, drive, orientation to goal accomplishment, attention to detail and organizational skills
Ability to handle multiple, complex projects and deadlines simultaneously, and to reprioritize with little notice
Ability to establish and maintain effective working relationships with Carriers, Member Firms, and fellow M Team Members
Ability to interpret and implement complex instructions in many forms (written, oral, etc.)
Demonstrated ability to handle highly sensitive and confidential information

Responsibilities

Support reinsurance treaty work across the full lifecycle from pricing through administration
Assist with YRT pricing analysis, including rate development and assumption review
Coordinate upload of new treaties into reinsurance administration systems, ensuring accuracy of treaty terms, rate tables, and contract structures
Identify and debug treaty-related processing errors, including billing discrepancies, retention calculation issues, and extract anomalies
Perform data pulls and ad-hoc analyses to support treaty evaluations, carrier reporting, and internal review
Assist with the preparation and analysis of quarterly and annual Statutory and GAAP reports
Validate the accuracy of reinsurance settlement statements
Update and maintain reinsurance reporting databases and automated tools
Develop controls and processes for new reporting requirements
Assist in updating corporate model, analyzing quarterly financial results, and explaining variances to senior management
Perform ALFA model projections to be used in financial reporting
Perform analysis on financial results to explain material and unique events
Oversee claims and reinsurance administration processes
Assist with the validation of claims data against carrier settlement files to ensure accuracy and completeness
Provide support to reinsurers by responding to questions regarding our administration system and related processes
Ensure timely upload of carrier feed data and appropriate resolution of any errors or exceptions that arise
Contribute to reinsurance acceptance procedures
Model products being considered for reinsurance
Analyze resulting economics to ensure that M’s financial targets are being met
Document and recommend acceptance of new products for reinsurance risk sharing