Associate Actuarial Analyst

The Mutual Group • Minneapolis, MN

12d • $61,200 - $102,000 • Hybrid

About The Position

As the Associate Actuarial Analyst, you will be responsible for supporting the company's loss ratio forecasting processes. You will assist in the development and maintenance of actuarial models and tools. You will analyze company data to identify trends, patterns, and emerging issues that may affect loss ratio as well as work with internal partners to collect, validate, and analyze data. You will assist in the preparation of reports and presentations to communicate the results of actuarial analyses to stakeholders. To be successful in the role, you will participate in the documentation of loss ratio forecasting practices in accordance with industry standards and regulatory requirements as well as stay informed of developments in the actuarial field, including changes to regulatory requirements, industry trends, and emerging issues that may impact loss ratio forecasting processes. Employees who live within 30 miles of the TMG home office are expected to follow a hybrid or in-office schedule. The initial training period may require additional in‑office days.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Business, Finance or related field, or equivalent actuarial experience required.
• Successful completion of at least one actuarial exam (preferably Exam P/1 and/or Exam FM/2) is required.
• Knowledge of Microsoft Excel required.
• Extensive knowledge of mathematical concepts.
• Expected to continue to pursue CAS credentials.
• Strong organization and time management skills.
• Position requires employee to constantly operate a computer and other office equipment.
• Employee will be required to communicate verbally and electronically.

Nice To Haves

• Experience with R, SQL or other querying or programming languages preferred.
• Prior internship or work experience in property and casualty insurance industry preferred.

Responsibilities

• Completes profitability analyses to support and analyze a specific business segment’s strategy.
• Provides support for determining pricing strategy through actionable insights and analytics.
• Collaborates with business partners and subject matter experts to provide actuarial input as needed.
• Stays up to date on industry trends and builds actuarial expertise.
• All other duties as assigned.

Benefits

• Competitive base salary plus incentive plans for eligible team members
• 401(K) retirement plan that includes a company match of up to 6% of your eligible salary
• Free basic life and AD&D, long-term disability and short-term disability insurance
• Medical, dental and vision plans to meet your unique healthcare needs
• Wellness incentives
• Generous time off program that includes personal, holiday and volunteer paid time off
• Flexible work schedules and hybrid/remote options for eligible positions
• Educational assistance

What This Job Offers

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