Actuary

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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.

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

PEMCO has a dynamic and challenging opportunity for an Actuary to join our community. Join our dynamic Product Development team and play an important role in driving our profitability assessments and process improvements. In this role, you will contribute to shaping our financial strategies and optimizing our insurance products to adapt to changing market demands. Your analytical skills will be instrumental in leveraging data-driven insights to refine decision-making processes and promote sustainable growth.

This position is ideal for actuaries who are eager to learn and excel in various actuarial domains, including pricing, reserving, and modeling, and are looking for new challenges in a collaborative environment.

What You’ll Be Doing

• Conduct internal loss reserving to track and analyze trends, ensuring financial stability and accurate forecasting.
• Employ advanced actuarial techniques for detailed pricing analysis, enhancing both overall rate level and rating variable determinations. Innovate indication methodologies and streamline process automation.
• 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.
• Prepare regulatory filings, ensuring they align with company objectives and meet compliance standards.
• Provide the feedback 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.
• 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.

• B.A. or B.S. degree or equivalent work experience (Mathematics or equivalent) is required.
• 5 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
• Associate of the Casualty Actuarial Society (ACAS) is required.
• Precision:
  Is detail orientated and has a strong desire for accuracy and thoroughness is required
• Problem Solver:
  Ability to analyze,…