Finance & Banking, Risk Manager​/Analyst, Actuary

The Workers Compensation Reinsurance Association (WCRA) is the exclusive reinsurance provider dedicated to serving all insurers and self-insurers in the Minnesota workers’ compensation system. We are a non-profit association committed to ensuring the availability of long‑term reinsurance protection for serious Minnesota workers’ compensation claims. Our staff of innovative professionals is dedicated to achieving the highest standard of excellence through stable and reasonable rates, expert claims administration, financial stability, and informational services.

The WCRA is looking for an Actuary to join our team based in downtown Saint Paul, Minnesota. This is a hybrid position that works in the office Tuesday through Thursday.

Reporting to the VP of Actuarial & Claims, the Actuary will lead a variety of actuarial activities including reserving, pricing, special projects, reporting, and data analysis. If you love variety in actuarial work, developing others and want to work at a mission‑driven organization, this would be a great fit for you.

• Lead the semi‑annual Reserving and Pricing processes
• Manage the work and development of an Actuarial Analyst
• Develop and maintain procedures for regular updates of economic and other assumptions used in rate and reserve analyses
• Maintain up‑to‑date knowledge of the Minnesota workers’ compensation benefit structure and any other laws that would affect WCRA pricing and reserves
• Maintain up‑to‑date knowledge of MWCIA and NCCI pricing practices and procedures
• Assess the impact of changing assumptions or methods in the reserving and pricing models
• Present results of studies to the WCRA Actuarial Committee
• Lead special projects including impact analysis of changing benefits, capital adequacy, sensitivity analysis, and severe injury study

• A bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field
• Attained Casualty Actuarial Society credentials (ACAS or FCAS)
• 5+ years of property and casualty actuarial work experience
• A successful track record in managing people and projects
• Curiosity in the story behind the numbers and how that story impacts the broader business
• Dedication to continuous learning and improving work product
• Strong attention to detail and a proven ability to produce high‑quality, error‑free work
• Strong communication and presentation skills
• Ability to establish and build effective relationships within and outside the organization
• Experience in programming languages such as Python and SQL
• Experience in data visualization tools like Power BI, Tableau, or similar
• Workers’ Compensation and/or Reinsurance experience (preferred) c