Actuarial Analyst (Remote)
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AI Summary
Support pricing, reserving, and analytical initiatives to influence business decisions within the Finance team. Extract and validate data to maintain actuarial tools and develop reports that support underwriting and operational decisions.
Are you early in your actuarial career and excited to turn data into meaningful business insights? MEM Insurance is seeking an Actuarial Analyst to join our growing Finance team. In this role, you will support pricing, reserving, and analytical initiatives that directly influence business decisions.
Working closely with the Actuarial Director and cross-functional partners, you’ll contribute to impactful analyses, develop your technical expertise, and build a strong foundation in workers’ compensation and property-casualty insurance. This is an excellent opportunity to grow your actuarial career in a collaborative, supportive environment where learning and curiosity are encouraged every day.
Essential Duties and Responsibilities:
Actuarial & Pricing Support
- Support quarterly reserve analyses, including preparing and validating data and analyzing claims trends such as frequency, severity, and loss development.
- Assist with pricing activities, including data preparation for rate indications and class ratemaking.
- Support rate implementation, testing, and rate filings, including analysis of NCCI loss cost filings.
- Partner with Claims, Underwriting, and Compliance teams to gather inputs and support actuarial deliverables.
Data Analysis & Model Execution
- Extract, clean, and validate data from multiple sources to support actuarial analysis.
- Perform foundational statistical analyses and summarize results for actuarial review.
- Maintain and update actuarial tools, models, and recurring reports.
- Identify data inconsistencies or unusual trends and escalate appropriately.
Business Support & Insight Development
- Respond to internal requests for data and analysis from cross-functional partners.
- Assist in developing reports, dashboards, and tools that support underwriting and operational decisions.
- Identify emerging patterns and trends in data and contribute to insight development.
- Build foundational knowledge of insurance products, risk drivers, and business operations.
Communication & Collaboration
- Prepare clear summaries, reports, and basic visualizations of analytical results.
- Communicate findings in a structured and easy-to-understand way.
- Collaborate with team members and stakeholders to support deliverables and timelines.
- Incorporate feedback to continuously improve work quality and effectiveness.
Professional Development & Standards
- Ensure work is accurate, well-documented, and aligned with actuarial and regulatory standards.
- Progress toward actuarial credentials through exam completion.
- Develop technical knowledge in actuarial methods, data analysis, and modeling.
- Participate in training and development opportunities to build capability.
Qualifications:
- Bachelor’s degree in Business Administration, Mathematics, Statistics, Insurance, Finance, Economics, or a related field required.
- Progress toward actuarial credentials (minimum of 2 actuarial exams completed).
- Workers’ compensation experience preferred.
- No licenses required.
Company Culture and Values
At MEM Insurance, we are committed to our vision, mission, and values. We foster a culture of collaboration, integrity, and innovation. Our team is passionate about delivering exceptional service to our customers while supporting each other’s growth and success. We believe in accountability, continuous learning, and creating an environment where employees feel valued and empowered.
Diversity Statement
MEM Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We believe that varied perspectives drive innovation and strengthen our ability to serve our customers and communities.
Total Rewards Overview
- Health Plans: Medical, Dental, and Vision
Includes fertility benefits, fully paid preventative care, and adult orthodontia. - Annual Performance Based Bonus
- Employer-Paid Life and Disability Benefits:
Life Insurance (3x base salary), AD&D, Short and Long-term Disability. - Wellness and Recognition Program: Employer-paid incentives for employees and spouses.
- Flexible Spending Account and Dependent Care options
- Health Savings Account: Generous employer contribution.
- Time Away from Work:
Generous PTO, 11 Holidays + 4 Early Releases, 16 Hours Volunteer Time Off, 20 Days Paid Parental Leave, Marriage, Bereavement, and Jury Duty leave. - Employee Assistance Programs
- 401k Retirement Plan: Employer match and profit sharing.
- Adoption Assistance and Tuition Assistance
Notice Regarding Use of Artificial Intelligence
MEM may use artificial intelligence (AI) tools to more efficiently facilitate and assist in decisions involving recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment. Any such use of AI tools will comply with all applicable laws.
MEM may use artificial intelligence (AI) tools to more efficiently facilitate and assist in decisions involving recruitment, hiring, promotion, renewal of employment, selection for training or apprenticeship, discharge, discipline, tenure, or the terms, privileges, or conditions of employment. Any such use of AI tools will comply with all applicable laws.
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