Senior Actuarial Analyst

Department:

Actuarial

Job Description:

The Senior Actuarial Analyst role is responsible for transforming data into actionable insights that drive successful pricing strategy and profitable underwriting performance.  This position partners closely with underwriting and actuarial leadership to evaluate risk, assess profitability, and develop pricing strategies that support sustainable and profitable growth.

This strategic analytical role identifies trends, solves complex business problems, and enhances the understanding of portfolio performance and key risk drivers.  This role requires strong technical skills, analytical problem solving, and the ability to translate quantitative analysis into concise actionable business insights.

Work Arrangement:

• 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.

Accountabilities:

Profitability Analysis: Evaluate loss ratios, rate adequacy, and underwriting performance to identify opportunities for portfolio improvement.

• Analyze profitability and rate adequacy at the segment, coverage and portfolio levels.

• Develop underlying actuarial assumptions including loss trend, loss development patterns and large loss loads.

• Collaborate with underwriting leadership to develop and monitor execution of underwriting strategies.

• Continuously evaluate pricing adequacy and recommend adjustments based on emerging trends, market conditions and portfolio performance.

• Present actuarial insights to underwriting leadership and other key stakeholders, translating technical analysis into actionable business decisions.

• Support management reporting on portfolio performance, profitability and key risk drivers.

Pricing Analysis: Partner with underwriting to provide actuarial insights that support sound underwriting decisions.

• Perform actuarial pricing analyses to support account level new business and renewal decisions.

• Assist in the development, maintenance, and enhancement of pricing models and rating tools.

• Partner with underwriting to determine appropriate pricing guidance for large accounts, group business and programs.

• Communicate pricing assumptions, methodologies, and recommendations to key underwriting stakeholders.

Leadership: Serve as a technical leader within the actuarial team, providing guidance on appropriate methodologies and analytical best practices.

• Serve as a technical leader within the actuarial team, providing guidance on methodologies and analytical best practices.

• Mentor and support junior actuarial analysts, reviewing work products, providing feedback, and assisting with technical development of team members.

• Lead or support cross-functional initiatives with underwriting, finance, and data teams to improve pricing processes and analytical capabilities.

Qualifications:

• At least 5 years of actuarial experience in property & casualty insurance

• FCAS preferred, ACAS considered with clear progress towards attaining fellowship

• Experience collaborating with underwriting, performing pricing analysis, and communicating actuarial concepts to non-actuarial stakeholders

• Strong analytical thinking and quantitative skills

• Experience working with large datasets, data warehouses, or modern analytical data platforms

• Experience programming in SQL, Python, R, or similar analytical languages preferred

• Strong communication and collaboration skills

Pay Range:

Anticipated Hiring Range:

• $120,000 - $175,000 annual base salary depending on experience, qualifications, and geographic location 

Benefits:

We are proud to offer our full-time regular employees a robust benefits suite that includes:

• 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

Equal Opportunity Employer

The Mutual Group is an Equal Opportunity Employer. It is our policy to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

• Know Your Rights: Workplace Discrimination is Illegal

• Your Rights Under USERRA

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact Talent@themutualgroup.com.

Employment Verification

The Mutual Group participates in the E-Verify program and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. You are protected from employment discrimination based on your citizenship status and national origin.

E-Verify Program Overview

 

E-Verify Participation Poster

 

All offers of employment are contingent upon the successful completion of a background check.

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