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Actuarial Analyst

Job in Edina, Hennepin County, Minnesota, USA
Listing for: Palomar Specialty Insurance Company
Full Time position
Listed on 2025-12-01
Job specializations:
  • Finance & Banking
    Actuary, Risk Manager/Analyst, Financial Analyst
  • Insurance
    Actuary, Risk Manager/Analyst, Financial Analyst
Job Description & How to Apply Below

Overview

We are Hiring!

Actuarial Analyst

Location: La Jolla, CA, Edina, MN, or Remote

Why choose Palomar?

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes self-motivated individuals to our thriving company. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.

Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.

Want to learn more about our exciting journey?

The Details:

We are seeking a motivated and curious Actuarial Analyst with a strong quantitative background and an interest in pricing to join our actuarial team. Reporting to the VP, Actuarial, this role offers exposure to pricing decisions across multiple business lines while building foundational technical and business acumen. The ideal candidate brings analytical rigor, attention to detail, and a collaborative mindset to support profitable growth in a dynamic environment.

This position is an excellent opportunity for someone in their early actuarial career to develop pricing expertise.

What will you do? (Job Duties)
  • Contribute to the development, maintenance, and enhancement of actuarial pricing models, tools, and rating plans.
  • Perform account- and portfolio-level pricing analyses using actuarial techniques and loss experience data.
  • Support program evaluation, new business onboarding, and deal structuring through data-driven pricing insights.
  • Assist in portfolio monitoring, including rate adequacy, trend analysis, and profitability assessments—sharing findings with senior team members.
  • Participate in research and ad hoc projects such as segmentation analysis, ILF review, and exploration of new models or methodologies.
  • Collaborate with Underwriting, Finance, Claims, and Reinsurance teams to deliver actionable insights and contribute to cross-functional initiatives.
  • Identify and recommend opportunities for process improvement, efficiency, and automation within pricing workflows.
What we are looking for: (Experience)
  • Typically 3–5 years of experience in an actuarial or analytical role.
  • Bachelor’s degree in mathematics, statistics, actuarial science, or a related field.
  • Minimum of 3 actuarial exams passed, with a strong interest in pursuing ACAS and/or FCAS credentials.
  • Solid understanding of actuarial pricing methods and data analytics in the property & casualty industry.
  • Familiarity with SQL and Microsoft Office Suite; exposure to programming languages such as Python, VBA, or R is a plus.
  • Strong communication skills and a collaborative mindset, with the ability to thrive in a team-oriented environment.
We love people who want to:
  • Build strong relationships through transparency, trust, and respect for each other.
  • Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
  • Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
  • Do the right thing with strong conviction and integrity.
  • Be bold and innovative to help make an impact.
  • If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you’ll enjoy a career with Palomar!
  • Zoom in and out between strategic and tactical
  • Demonstrable track record of working autonomously and driving progress
  • Be intellectually curious, think creatively, and pragmatic
What will you get in return?
  • Full Suite of Medical Benefits
  • Long Term Financial

    Incentives:

    All team members receive company equity.
  • 401k with 3.5% automatic fully vested Employer Contribution
  • Competitive PTO + Holiday Program
  • Hybrid Work Environment
  • Professional Development Assistance
  • Career Exploration Opportunities
  • Regular company-wide social events (even virtually!)

To learn more visit us at

Diversity at Palomar

At Palomar, we are committed to diversity, equality, and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.

We believe that diversity,…

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