Associate Actuary

Role Details

Job Title: Associate Actuary

Location: Maple Grove - MN

Reports To: Associate Actuary Supervisor

Employment Type: Full Time

Job Requisition ID: 2026-575

Requisition Begin Date: 05/28/2026

Requisition End Date: 09/28/2026 (Posting may close earlier if filled or business needs change.)

Role Overview

The Associate Actuary at ProAg plays a key role in supporting underwriting and actuarial functions by delivering data-driven insights that inform pricing, hedging decisions, and overall business performance. In this role, you will analyze claims and premium data, develop projections, and contribute to actuarial models that guide decision-making across underwriting teams and leadership.

Working closely with cross-functional partners, you will support initiatives such as reinsurance analysis, pricing, and financial reporting, while also assisting with strategic efforts like new product offerings and competitor comparisons. This position is ideal for a detail-oriented, analytical professional who can manage multiple priorities and translate complex data into meaningful insights that help drive sound business decisions.

In this Exciting Opportunity, You Will:

- Conduct rate adequacy analysis and develop insurance product pricing using actuarial and predictive modeling methodologies, driving the business to achieve profitability objectives - Using actuarial and predictive modeling techniques, construct policyholder profitability models for reinsurance decisioning in multi-peril crop insurance and livestock contracts - Provide quantitative support in evaluating derivative market instruments and assist in the execution of trading strategies - Utilize strong interpersonal and communication skills to understand and support actuarial needs of the insurance product implementation process

What You Bring

- A Bachelor’s degree in Actuarial Science, Mathematics, a related field, or the equivalent education and/or experience - Minimum 5 Casualty Actuarial Society exams passed. Attainment of the Associate of the Casualty Actuarial Society (ACAS) certification a plus - Ability to apply statistical and predictive modeling and analytics methodologies to advanced analytical problems, interpret the model results, turn data into actionable insights, and effectively communicate model results - Proficiency in programming languages R, SQL, or Python - Fantastic written and verbal communication skills with ability to effectively present recommendations and analysis to business partners - Good organizational and analytical skills with a demonstrated ability to manage multiple tasks simultaneously

What We Offer

- Competitive salary and comprehensive benefit package - Strong learning culture with ongoing development opportunities - Opportunities for growth and career advancement - Comprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employment - Basic life and disability insurance - 401(k) plan with 6% company match - 20 days of PTO, three floating holidays, approximately 10 paid holidays, and volunteer time off - Paid parental leave - Access to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription - Student loan matching program - Employee discount program - An opportunity to do meaningful work and love what you do

What We Represent:

A career with purpose. Our crop insurance professionals work each day to bring peace of mind and protection to American farmers and ranchers. Join a team who truly cares.

- Part of something bigger: We offer a career with purpose as you support the farmers and ranchers who create food, fuel, and fiber for the world. - Personal connections: We are built on strong relationships and appreciation of your individuality. - A team who cares: We look out for each other personally and professionally because we care about each other. - Innovators by trade: We’re committed to a brighter tomorrow for our team members and agriculture. - The best of both worlds: We combine personal connections with powerful resources, thanks to our culture and the backing of Tokio Marine HCC.

The Company:

ProAg, a member of the Tokio Marine HCC group of companies, is positioned as a financially strong and well-capitalized insurer with an AM Best rating of A++. With 100 years of service to our agents & insureds, we stand committed to continuing the principles that ProAg was founded on: Integrity, Loyalty, and Customer Service.

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine Group, and more than fifty years of growth, profitability, and stability, we offer important insurance products that most people don’t even know exist. Every policy we write is special, enabling our clients to do amazing things.

Pay Transparency

The pay range for this position is $137,200 - $155,000, which includes geographic adjustments, where applicable. The pay range is the range THMCC, in good faith, believes is the range of compensation for this role at the time of this posting. The hired applicant will be offered pay within the entire range based on the candidate’s geographic location, qualifications, work experience, education, and/or skill level. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws.

Disclaimer

As an insurance company, we comply with certain federal, state and local laws such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)), which restricts our ability to employ individuals with certain types of criminal convictions. Where not restricted by law and for criminal history not covered by this law, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law.

Equal Opportunity Employer

TMHCC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity, genetic information, marital status, medical condition, national origin, physical or mental disability, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances.

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