Actuary

PEMCO•Seattle, WA

15h•$113,879 - $215,063•Remote

About The Position

PEMCO has an opportunity for an Actuary to join our community. This position is responsible for contributing to shaping our financial strategies and optimizing our insurance products to adapt to changing market demands. Your analytical skills will be instrumental in leveraging data-driven insights to refine decision-making processes and promote sustainable growth. This position is ideal for actuaries who are eager to learn and excel in various actuarial domains, including pricing, reserving, and modeling, and are looking for new challenges in a collaborative environment.

Requirements

B.A. or B.S. degree or equivalent work experience (Mathematics or equivalent) is required.
5 years of experience in property casualty actuary work with a wide range of experience with a focus on rate-making and a broad knowledge of personal lines is required.
Strong technical aptitude and programming experience
Associate of the Casualty Actuarial Society (ACAS) is required.
Precision: Is detail orientated and has a strong desire for accuracy and thoroughness is required
Problem Solver: Ability to analyze, diagnose and resolve complex unstructured problems quickly, efficiently, and collaboratively is required.
MS Office: Skilled proficiency in MS Office is required. Expert in Excel.
Job specific: Knowledge of Mathematics, Statistics and Modeling as well as strong software application and predictive modeling skills is required.
Job specific: Skilled proficiency with Python, R, SAS and/or SQL is required.
Highly Analytical: Is passionate about working with disparate datasets bringing data together to answer business questions. Collaborates to create, manage, and translate data to meaningful insights. Can work with external vendors to integrate data for analysis; knows how to build efficient and scalable infrastructure and data models is required.
Business Environment: Has a thorough understanding of our industry, the relevant business landscape, trends in growth and insurance environments; the ability to spot early indicators of change and apply strategies to adapt quickly is required.

Nice To Haves

Experience with Radar, Emblem, or ResQ is considered advantageous.

Responsibilities

Conduct internal loss reserving to track and analyze trends, ensuring financial stability and accurate forecasting.
Employ advanced actuarial techniques for detailed pricing analysis, enhancing both overall rate level and rating variable determinations. Innovate indication methodologies and streamline process automation.
Assist in the development of sophisticated actuarial models, using predictive modeling techniques and statistical analysis to drive insights and decision-making, under the guidance of actuarial management and the product manager.
Participate with business partners in making product decisions and analyze the associated impacts.
Prepare regulatory filings, ensuring they align with company objectives and meet compliance standards.
Provide the feedback on the company’s annual forecast and inform business partners of emerging trends and potential risks.
Proactively investigate and assess issues and trends in actuarial science.
Act as consultant when advanced skills in mathematics, statistics, and modeling are required.
Demonstrate behaviors consistent with PEMCO's policies, values, code of ethics and business conduct.
Authentically support the PEMCO Brand and constantly are on the lookout for top talent to join us to achieve our Mission to Worry Less and Live More.
Other duties as assigned.

Benefits

Medical, dental, and vision plans for employees and their eligible family members with generous employer premium cost shares.
Employer-paid basic life and accidental death & dismemberment insurance policies.
Long- and short-term disability benefit coverages.
Participation in PEMCO’s 401(k) plan with a generous employer match (2 for 1 on the first 6% employee pre-tax and/or Roth deferral, up to federal maximums).
Vacation.
Eight (8) paid holidays.
Four (4) floating holidays.
Up to ten (10) days of sick leave immediately upon hire (pro-rated based on hire date and full-time/part-time status).
Paid time off for bereavement.
Paid time off for jury duty.
Paid time off for employee volunteering in the community.
Education Assistance Program after one year of service.
Scholarship program for children of PEMCO employees after one year of service.
Children’s birthday gift program.
Flexible Spending Accounts.
Employee Assistance Program.
Charitable gift matching.
Discretionary bonuses.
Tiered sales commissions and/or incentives.