Insurance Actuary

Who We Are At PEMCO, we prioritize our people—the customers, employees, and community. As a mutual insurance company serving our Northwest policyholders, we offer auto, home, renters, and boat coverage. Recognized by Forbes as one of America's Best Insurance Companies in Auto and Home for 2025, based on customer feedback, and celebrated by Newsweek as one of America's Greatest Midsize Workplaces 2025, PEMCO is renowned for excellent customer service, employee expertise, community partnerships, and impactful social responsibility programs. Our commitment to fostering diversity, equity, inclusion, and belonging creates an empowering workplace where everyone can thrive. Why We Need You PEMCO invites you to join our dynamic Product Development team as an Actuary. In this exciting role, you will be pivotal in driving profitability assessments and process enhancements. Leverage your analytical skills to shape financial strategies and optimize insurance products that respond to market demands. This position is perfect for actuaries looking to advance their expertise in pricing, reserving, and modeling within a collaborative environment. What You'll Be Doing Conduct internal loss reserving to monitor and analyze trends for financial stability and accurate forecasting. Utilize advanced actuarial techniques for comprehensive pricing analysis, improving rate levels and rating variable determinations while streamlining process automation. Develop intricate actuarial models using predictive modeling and statistical analysis to drive insights and decision-making. Collaborate with business partners to inform product decisions and analyze their impacts. Prepare regulatory filings that align with company objectives and ensure compliance. Provide feedback on the company's annual forecast and inform partners of emerging trends and potential risks. Investigate and assess issues and trends in actuarial science proactively. Act as a consultant, applying your advanced skills in mathematics, statistics, and modeling. Support PEMCO's brand authentically while actively seeking talent to help us fulfill our mission to help customers worry less and live more. Fulfill other duties as assigned. What You'll Bring B.A. or B.S. degree in Mathematics or equivalent work experience. A minimum of 5 years' experience in property casualty actuarial work, focusing on rate-making and personal lines. Strong technical aptitude and programming experience. Associate of the Casualty Actuarial Society (ACAS) certification. Precision: A detail-oriented mindset with a strong drive for accuracy and thoroughness. Problem Solver: Ability to analyze and resolve complex issues efficiently and collaboratively. MS Office: Proficient in MS Office and an expert in Excel. Job-specific: Strong knowledge in Mathematics, Statistics, and Modeling, with proficiency in software applications and predictive modeling. Job-specific: Proficient in Python, R, SAS, and/or SQL; familiarity with Radar, Emblem, or ResQ is a plus. Highly Analytical: Passion for working with diverse datasets to derive actionable insights; skilled at collaborating to manage and analyze data effectively. Business Environment: A thorough understanding of the insurance industry's landscape and trends, with the ability to identify early indicators of change and adapt strategies accordingly. What We Value Make Agile Decisions: Define outcomes with a sense of urgency, based on inclusive, data-driven approaches. Build Trust: Engage in direct communication and mutual respect to drive solutions forward. Own Results: Take accountability for outcomes and anticipate risks while learning from experiences. Empower Execution: Drive action towards desired outcomes with purpose and mastery. Explore Fearlessly: Foster a safe environment for iterative progress and learning from mistakes. Value People: Respect diverse perspectives and recognize individuals authentically. Your contributions will enrich PEMCO’s success story, guided by our shared values to propel us forward. Compensation Target pay for Greater Seattle area: $154,845-$189,255 (full range: $129,038-$215,063). Target pay for outside Greater Seattle area: $136,654-$167,022 (full range: $113,879-$189,797). Benefits Employer-paid life insurance and disability benefits. Participation in the 401(k) plan with employer matching contributions. Paid vacation accrual starting at 10 days, increasing based on tenure. Four personal days granted upon hire. Paid holidays and sick leave exceeding state requirements. Additional leave for bereavement, jury duty, and volunteering. Additional programs include flexible spending accounts, education assistance, employee assistance programs, and well-being initiatives, among other perks. Compensation may also include bonuses and referral incentives. Equal Employment Opportunity At PEMCO, we celebrate diversity and are committed to an inclusive workplace, providing equal employment opportunities regardless of race, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or veteran status. Applicants have rights under Federal Employment Laws Family and Medical Leave Act (FMLA), Equal Employment Opportunity (EEO), and Employee Polygraph Protection Act (EPPA). #J-18808-Ljbffr Broughton Group