Associate Actuary

SAIF Corporation•Oregon - US - Remote, OR

1d•$133,182 - $156,685•Remote

About The Position

SAIF is recruiting an Associate Actuary to support its mission of making workers’ compensation coverage widely available and affordable in Oregon while providing extraordinary service. Actuaries at SAIF work with business partners across the organization to establish rates, maintain adequate reserves, produce forecasts, and support long-term stability. The role collaborates with a team of actuaries and analysts, works directly with senior executives, and contributes to work affecting customers, board members, regulators, and other stakeholders. The position is open to remote candidates, subject to state-location restrictions. Remote employees may be required to travel to SAIF’s offices in Salem, Oregon, approximately twice a year. The role involves actuarial work in reserving, financial reporting, pricing, forecasting, reinsurance, research, and analytics, as well as collaboration, peer review, and staff development.

Requirements

Five or more years of actuarial experience, including at least one year of workers’ compensation experience (recommended qualification).
Bachelor’s degree in actuarial science, mathematics, economics, finance, or a related field (recommended qualification).
Membership in the Casualty Actuarial Society (recommended qualification).
Continued progress toward or maintenance of Casualty Actuarial Society membership in accordance with SAIF’s Actuarial Study and Professionalism Program guidelines (recommended qualification).
Other combinations of skills and experience may be considered.

Responsibilities

Proactively identify and help solve complex problems affecting the management and direction of the business through actuarial work.
Develop reasonable loss and loss adjustment expense reserves.
Prepare inputs for annual and quarterly financial statements and related filings, and participate in regulatory audits.
Develop and file rate recommendations; maintain pricing and rate-adequacy monitoring tools; conduct trend and market research; and support Underwriting with individual account pricing and technical underwriting guidelines.
Update and maintain financial forecasts, dividend models, capital models, and surplus analyses; prepare supporting documentation and communications, including the Own Risk Solvency Assessment (ORSA).
Support SAIF’s reinsurance program and monitor reinsurance coverage, including claim reporting, commutations, and financial reporting.
Participate in the NCCI financial data call process, calculate data anomalies, and communicate with NCCI to explain SAIF’s data and answer questions.
Conduct and guide research and analysis to inform strategic priorities, and advise management on actuarial analysis methods and applications.
Design and execute data analyses and support internal and external customers, including auditors, reinsurers and brokers, SAIF’s appointed actuary and staff, executives, and the board of directors.
Monitor external developments that could affect SAIF’s operations and strategies, assess potential impacts, and help prepare recommendations for management.
Stay informed about trends and innovations in casualty actuarial practice related to pricing, reserving, workers’ compensation, and related areas.
Work with the Data & Analytics function to monitor and inform data integrity and incorporate analytics into decision-making.
Coach staff in the use and interpretation of standard actuarial procedures and provide peer review of others’ actuarial work.
Assist with staff training and professional development through mentoring or coaching, identify and develop training needs, and provide feedback to division leadership for performance management.
Work effectively and sensitively with people with differing cultural norms, perspectives, backgrounds, expectations, communication styles, and work styles.