Associate Actuary

This is a fully remote position, open to applicants in Oregon.

📋 Description

• Assist in identifying and resolving intricate challenges that impact business management and direction.

• Develop reserves for losses and loss adjustment expenses.

• Prepare contributions for annual and quarterly financial statements along with related filings.

• Engage in regulatory audits.

• Formulate and submit rate recommendations.

• Maintain tools for pricing and monitoring rate adequacy.

• Conduct research on market trends and analysis.

• Provide support to Underwriting regarding individual account pricing and technical underwriting guidelines.

• Maintain financial forecasts, dividend models, capital models, and surplus analyses.

• Complete necessary documentation and communications, including the Own Risk Solvency Assessment (ORSA).

• Oversee and monitor SAIF’s reinsurance program, which includes claim reporting, commutations, and financial reporting.

• Manage the NCCI financial data call process and clarify SAIF’s data.

• Conduct research and analysis to guide strategic priorities.

• Advise management on methods and applications of actuarial analysis.

• Design and implement data analysis for both internal and external clients.

• Monitor external factors that influence operations and strategy, such as business conditions, competitors, demographics, legal and regulatory changes, as well as medical costs and practices.

• Stay updated on trends and innovations in casualty actuarial science.

• Collaborate with Data & Analytics to ensure data integrity and support decision-making.

• Coach staff in standard actuarial procedures and offer peer reviews.

• Mentor and guide staff while identifying their training needs.

• Provide feedback to division leadership regarding performance management.

• Work effectively across diverse perspectives, backgrounds, and working styles.

⛳️ Requirements

• A minimum of five years of actuarial experience.

• At least one year of experience in workers’ compensation.

• Bachelor’s degree in actuarial science, mathematics, economics, finance, or a related field.

• Membership in the Casualty Actuarial Society.

• Ongoing progress towards or retention of membership in the Casualty Actuarial Society as per SAIF’s guidelines.

• Actuarial experience complemented by an ACAS credential.

• Other combinations of skills and experiences may be taken into account.

• Ability to collaborate with actuaries, analysts, business partners, executives, regulators, auditors, reinsurers, brokers, and other stakeholders.

• Submission of a resume and cover letter is mandatory.

• Remote candidates must reside in locations where SAIF is authorized to hire; certain locations may be restricted.

🏝️ Benefits

• Health care coverage.

• Retirement savings plans.

• Paid time off.

• Preference given to qualifying and disabled veterans.

• Option for remote work.

• Opportunity for travel to SAIF offices approximately twice a year.