Senior Actuarial Assistant-Property & Casualty

Who is Federated Insurance?

At Federated Insurance, we do life-changing work, focused on our clients’ success. For our employees, we provide tremendous opportunities for growth. Over 95% of them believe our company has an outstanding future. We make lives better, and we’re looking for employees who want to make a difference in others’ lives, all while enhancing their own.

Federated’s culture is grounded in our Four Cornerstones:
Equity, Integrity, Teamwork, and Respect. We strive to create a work environment that embodies our core principles and values. We value and respect individual differences, and we leverage those differences to achieve better results and outcomes for our clients, employees, and communities. Our top priority in recruitment and development of our next generation is to ensure we align ourselves with truly exceptional people who share these values.

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.

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.

All candidates must be legally authorized to work in the United States for any employer. Federated will not sponsor candidates for employment visa status, such as an H1-B visa. Federated does not interview or hire students or recent graduates with J-1 or F-1 visas or similar temporary work authorization.

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