Sr. Actuarial Assistant; Pet Product Management

Overview

At Physicians Mutual, we’re passionate about helping people and their pets live better, healthier lives. We are a growing Pet Insurance business. We’re looking for a curiosity-driven and analytically strong actuarial professional to support the development, pricing and performance of our Pet Insurance products.

As the Senior Actuarial Assistant (Pet Product Management), you’ll play a key role in shaping product strategy through data-driven insights, actuarial modeling and cross-functional collaboration. This role sits at the intersection of actuarial science, product management and business strategy — helping ensure our products are competitive, financially sound and aligned with customer needs. While P&C or Pet Insurance actuarial experience is preferred, it isn’t required.

Technical aptitude, eagerness to learn the pet business and apply your curiosity to help grow our business is key.

• Perform experience studies across key drivers such as persistency, mortality, morbidity and expenses to inform pricing and product decisions.
• Support product development efforts by evaluating design alternatives, underwriting strategies and profitability scenarios.
• Build, maintain and enhance actuarial models using tools such as Excel and ALFA to assess financial outcomes and risks.
• Prepare actuarial exhibits, reports, and analyses to support product filings, implementation and ongoing performance monitoring.
• Partner cross-functionally with Product, Underwriting, Claims, Finance and Marketing teams to deliver insights that guide business decisions.
• Assist in the development and validation of reserves, ensuring accuracy and compliance with actuarial standards.
• Conduct profit studies, financial projections and cash flow testing to evaluate product performance and long-term sustainability.
• Support re-rating actions, renewal strategies and margin analysis to optimize product profitability.
• Contribute to the development of customer lifetime value (LTV) models to enhance marketing effectiveness and customer strategy.
• Translate complex data into clear, actionable insights for stakeholders across the organization.
• Maintain compliance with Actuarial Standards of Practice (ASOP) and ensure all work is well-documented and audit-ready.

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or a related field.
• Successful completion of at least three actuarial exams and active progress toward ASA designation.
• Strong analytical and problem-solving skills, with the ability to work through complex datasets and modeling challenges.
• Experience with actuarial and analytical tools such as Excel, ALFA, CASE or similar modeling platforms.
• Ability to manage multiple priorities and deliver high-quality work within tight deadlines.
• Strong attention to detail with a focus on accuracy, validation and data integrity.
• Effective communication skills, with the ability to present complex actuarial concepts to both technical and non-technical audiences.
• A collaborative mindset and the ability to work across teams to influence outcomes and drive results.
• Passion for continuous learning, innovation and delivering measurable business value.

This is a high-impact opportunity to contribute to a growing line of business while advancing your actuarial career. You’ll gain exposure to end-to-end product development, work alongside experienced leaders and play a meaningful role in delivering products that make a difference for our customers and their pets.