Senior Actuary

Job Description

Who We Are:

At PEMCO we're all about people - our customers, our employees, and the community. We're a mutual insurance company owned by our Northwest policyholders. We provide auto, home, renters, and boat coverage. Recognized by Forbes as one of America's Best Insurance Companies in both Auto and Home for 2025 based on customer survey feedback and by Newsweek as one of America's Greatest Midsize Workplaces 2025.

We are consistently recognized for our outstanding customer service, employee expertise, community partnerships, and social impact programs. All of which makes PEMCO a great place to work!

Our social impact programs motivate high achievement by youth in education; build stronger and greener communities; and increase safety at home, on the road, and 're committed to diversity, equity, inclusion, and belonging, and to fostering an inspiring and inclusive workplace. These efforts create and cultivate an environment that builds fairness and understanding, encourages collaboration and flexibility, and celebrates all the ways in which we're different and the same - enabling all individuals to achieve their full potential.

Why We Need You:

Join our dynamic Product Development team as a Senior Actuary, where you will play a key role in driving profitability assessments, process improvements, and strategic decision-making. In this role, you will take the lead in shaping financial strategies and optimizing insurance products to adapt to evolving market demands. Your advanced analytical expertise will be critical in leveraging data-driven insights to enhance decision-making processes and drive sustainable growth.

This position is ideal for experienced actuaries seeking to apply their expertise across multiple actuarial domains, including pricing, reserving, and modeling, while mentoring junior team members and contributing to high-impact initiatives in a collaborative environment.

What You'll Be Doing:

• Lead internal loss reserving to track and analyze trends, ensuring financial stability and accurate forecasting.
• Employ advanced actuarial techniques for in-depth pricing analysis, refining both overall rate level and rating variable determinations. Drive innovative indication methodologies and lead process automation to enhance efficiency and accuracy.
• Assist in the development of sophisticated actuarial models, using predictive modeling techniques and statistical analysis to drive insights and decision-making, under the guidance of actuarial management and the product manager.
• Participate with business partners in making product decisions and analyze the associated impacts, leveraging expert actuarial insights to inform key financial outcomes.
• Oversee the preparation and review of regulatory filings, ensuring they align with company objectives and meet compliance standards.
• Provide expert insight on the company's annual forecast and inform business partners of emerging trends and potential risks.
• Proactively investigate and assess issues and trends in actuarial science.
• Mentor junior team members and contribute to high-impact initiatives in a collaborative environment.
• Act as consultant when advanced skills in mathematics, statistics, and modeling are required.
• Demonstrate behaviors consistent with PEMCO's policies, values, code of ethics and business conduct.
• Authentically support the PEMCO Brand and constantly are on the lookout for top talent to join us to achieve our Mission to Worry Less and Live More.
• Other duties as assigned.

What You'll Bring:

• B.A. or B.S. degree or equivalent work experience (Mathematics or equivalent) is required.
• 8 years of experience in property casualty actuary work with a wide range of experience with a focus on rate-making and a broad knowledge of personal lines is required.
• Strong technical aptitude and programming experience
• Fellow of the Casualty Actuarial Society (FCAS) is required.
• Precision:
  Is detail orientated and has a strong desire for accuracy and thoroughness is required
• Problem Solver:
  Ability to analyze, diagnose and resolve complex unstructured problems quickly, efficiently, and collaboratively is required.
• MS Office:
  Skilled proficiency in MS Office is required. Expert in Excel.
• Job specific:
  Knowledge of Mathematics, Statistics and Modeling as well as strong software application and predictive modeling skills is required.
• Job specific:
  Skilled proficiency with Python, R, SAS and/or SQL is required. Experience with Radar, Emblem, or ResQ is considered advantageous.
• Highly Analytical:
  Is passionate about working with disparate datasets bringing data together to answer business questions. Collaborates to create, manage, and translate data to meaningful insights. Can work with external vendors to integrate data for analysis; knows how to build efficient and scalable infrastructure and data models is required.
• Business Environment:
  Has a thorough understanding of our industry, the relevant business landscape, trends in growth and insurance environments; the ability to spot…