Senior Actuarial Assistant-Property & Casualty

Federated Mutual Insurance Company

$101K — $137K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Four-year degree in Math or related subject preferred
  • 3+ years of actuarial experience
  • Successful completion of five actuarial exams
  • Strong mathematical, analytical, communication, and problem-solving skills
  • Advanced Microsoft Excel skills and proficiency with Microsoft Office Suite

Responsibilities

  • Support property and casualty operations by enhancing actuarial methods
  • Perform analyses to support pricing decisions for large accounts
  • Collaborate with underwriting and marketing partners across the organization
  • Analyze industry and account-specific trends
  • Apply advanced actuarial pricing techniques to present individual-risk pricing recommendations

Benefits

  • Opportunities for internal mobility and career development
  • Comprehensive health insurance and financial security support
  • Competitive compensation and enticing bonus programs
  • Robust pension and 401(k) offerings
  • Paid volunteer time and opportunities for gift matching
Full Job Description
What Will You Do?

Federated Insurance is seeking a Senior Actuarial Assistant to support our Property & Casualty operations. In this role, you will enhance the actuarial methods used to measure operating results and perform analyses that support large account pricing decisions. You will collaborate with underwriting and marketing partners across the organization, analyze industry and account-specific trends, and apply advanced actuarial pricing techniques and actuarial judgment to create and present individual-risk pricing recommendations for large, complex commercial accounts, including large deductible and other alternative risk programs. We are looking for a self-motivated individual with strong analytical and communication skills who can explain technical information to different levels of the organization and work effectively in a collaborative team environment.

This position will be located in our Mankato, MN office.

Minimum Qualifications:

  • Four-year degree, preferable in Math or related subject
  • 3+ years of actuarial experience
  • Successful completion of five actuarial exams
  • Strong mathematical, analytical, communication, and problem-solving skills
  • Advanced Microsoft Excel skills and proficiency with Microsoft Office Suite

Preferred Qualifications:

  • Commercial lines pricing experience
  • Experience with large account, loss-sensitive, or alternative risk pricing
  • Experience with Power Pivot, Power BI, Tableau, SQL, R, Python, or other data analytical tools

Senior Actuarial Assistant pay range is $101,700-$137,500. Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information can be discussed with a member of the Recruiting team.

What We Offer

We offer a wide variety of ways to support you as a whole, both professionally and personally. Our commitment to your growth includes opportunities for internal mobility and career development paths, inspiring excellence in performance and ensuring your professional journey thrives. Additionally, we offer exceptional benefits to nurture your personal life. We understand the importance of health and financial security, offering encompassing competitive compensation, enticing bonus programs, cost-effective health insurance, and robust pension and 401(k) offerings. To encourage community engagement, we provide paid volunteer time and offer opportunities for gift matching. Discover more about Federated and our comprehensive benefits package: Federated Benefits You.

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