Senior Actuary

PEMCO•Seattle, WA

7d•$125,266 - $236,569

About The Position

Join our dynamic Product Development team as a Senior Actuary, where you will play a key role in driving profitability assessments, process improvements, and strategic decision-making. In this role, you will take the lead in shaping financial strategies and optimizing insurance products to adapt to evolving market demands. Your advanced analytical expertise will be critical in leveraging data-driven insights to enhance decision-making processes and drive sustainable growth. This position is ideal for experienced actuaries seeking to apply their expertise across multiple actuarial domains, including pricing, reserving, and modeling, while mentoring junior team members and contributing to high-impact initiatives in a collaborative environment.

Requirements

B.A. or B.S. degree or equivalent work experience (Mathematics or equivalent) is required.
8 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
Fellow of the Casualty Actuarial Society (FCAS) 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

Lead internal loss reserving to track and analyze trends, ensuring financial stability and accurate forecasting.
Employ advanced actuarial techniques for in-depth pricing analysis, refining both overall rate level and rating variable determinations. Drive innovative indication methodologies and lead process automation to enhance efficiency and accuracy.
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, leveraging expert actuarial insights to inform key financial outcomes.
Oversee the preparation and review of regulatory filings, ensuring they align with company objectives and meet compliance standards.
Provide expert insight 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.
Mentor junior team members and contribute to high-impact initiatives in a collaborative environment.
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

Regular part-time PEMCO employees working at least 24 hours per week and regular full-time PEMCO employees are eligible to elect coverage under medical, dental, and vision plans for themselves and their eligible family members with generous employer premium cost shares. In addition, as a benefits-eligible employee, you are:
covered by employer-paid basic life and accidental death & dismemberment insurance policies as well as long- and short-term disability benefit coverages.
eligible to participate in PEMCO’s 401(k) plan which includes a generous employer match (2 for 1 on the first 6% employee pre-tax and/or Roth deferral, up to federal maximums).
PEMCO provides the following paid leave programs for benefits-eligible employees in their first year of PEMCO employment:
Vacation accrues at a rate of 10 days for new hires, and increases based on a schedule to a maximum annual accrual of 25 days based on tenure.
Granted four (4) personal days immediately upon hire.
Paid holidays for the eight (8) holidays observed by PEMCO throughout the calendar year.
Granted up to ten (10) days of sick leave immediately upon hire (pro-rated based on hire date and full-time/part-time status), which is approximately 28 hours more per year than the Washington state-required accrual.
In addition, PEMCO provides paid time off for bereavement, jury duty, and employee volunteering in the community.
Other miscellaneous benefit programs offered by PEMCO include:
Flexible Spending Accounts.
Education Assistance Program after one year of service.
Scholarship program for children of PEMCO employees after one year of service.
Employee Assistance Program.
Well-being program.
Discretionary taxable gifts and gift cards.
And other Perks & Benefits including discounts on computer software and hardware, cell phone plans, and rental cars.
Other compensation depending on role, contributions, and performance may include:
Discretionary bonuses.
Tiered sales commissions and/or incentives (from 5-25% of employee’s monthly sales).
Employee referral bonuses.
Shift differential pay.