Associate Actuarial Analyst, Reserving

Job description

Department:

Actuarial

Job Description:

The Associate Actuarial Analyst, Reserving performs and supports Property & Casualty reserve analyses across multiple lines of business. Working under the guidance of experienced actuaries, this role assists in evaluating loss and loss adjustment expense reserves, performing actuarial analyses, maintaining reserving models, and supporting financial reporting activities. The position provides opportunities to develop technical actuarial skills, business knowledge, and professional expertise while contributing to sound reserving practices and informed business decisions.

Work Arrangement: - Employees who live within 30 miles of the TMG home office are expected to follow a hybrid or in-office schedule. The initial training period may require additional in‑office days.

Accountabilities:

Reserving Process: Perform and contribute to quarterly Loss and LAE reserve analyses across assigned Property & Casualty lines of business. - Assist in preparing reserve analyses and indications using established actuarial methods under actuarial supervision. - Support the development of reserve analyses and documentation in accordance with actuarial standards and company practices. - Maintain reserving models, methodologies, and supporting documentation. - Extract, reconcile, validate, and analyze data used in reserving analyses. - Contribute to the development and enhancement of reserving controls, governance processes, and documentation standards. - Assist with diagnostic testing, trend analysis, and assumption reviews supporting reserve adequacy assessments. - Communicate analytical findings and recommendations clearly through reports, exhibits, and presentations. - Partner with Finance to support financial close processes, reserve change analyses, audits, and regulatory reporting. - Support external actuarial reviews, audits, and regulatory examinations as needed.

Analytics, Insights & Decision Support: Develop actuarial analyses and insights related to reserve performance, loss trends, and emerging risks. - Analyze development patterns, claim trends, and sources of reserve volatility. - Collaborate with Claims and Underwriting to understand operational and portfolio drivers impacting reserve results. - Assist with scenario testing, reserve uncertainty assessments, and forecasting exercises. - Monitor emerging issues and communicate potential impacts on reserve adequacy and business performance. - Contribute to enhancements in actuarial models, data processes, and analytical tools.

Collaboration & Professional Development: Contribute to actuarial team effectiveness through strong technical execution, collaboration, and continuous improvement. - Collaborate with actuarial peers to review and validate work products for accuracy and consistency where appropriate. - Partner effectively with cross-functional stakeholders across Finance, Claims, Underwriting, and Analytics. - Support departmental initiatives focused on process improvement, efficiency, and governance. - Participate in the company’s actuarial exam program, including paid study time and exam support. - Participate in the company’s actuarial rotation program to gain exposure across actuarial and analytical disciplines.

Qualifications: - Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Science, Finance or related field. - Successful completion of at least one actuarial exam is required; 2 to 4 actuarial exams preferred. - Demonstrated commitment to pursuing ACAS credential. - Prior internship experience in insurance, actuarial, finance, analytics, or a related field preferred. - Knowledge of Microsoft Excel required. Experience with R, SQL or other querying/programming languages preferred. - Strong analytical, problem-solving, and critical-thinking skills. - Effective written and verbal communication skills with the ability to explain technical concepts to non-actuarial audiences. - Ability to manage multiple priorities and work independently while collaborating effectively across teams. - Strong attention to detail and commitment to quality, governance, and documentation standards.

Pay Range:

Anticipated Hiring Range: - $70,000 - $102,000 annual base salary depending on experience, qualifications, and geographic location

Benefits:

We are proud to offer our full-time regular employees a robust benefits suite that includes: - Competitive base salary plus incentive plans for eligible team members - 401(K) retirement plan that includes a company match of up to 6% of your eligible salary - Free basic life and AD&D, long-term disability and short-term disability insurance - Medical, dental and vision plans to meet your unique healthcare needs - Wellness incentives - Generous time off program that includes personal, holiday and volunteer paid time off - Flexible work schedules and hybrid/remote options for eligible positions - Educational assistance

Bot-Filtering Mechanism

The Mutual Group uses a bot-filtering mechanism as part of its recruiting and hiring process. As a result, automated job applications or submissions may be rejected.

Equal Opportunity Employer

The Mutual Group is an Equal Opportunity Employer. It is our policy to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law. - Know Your Rights: Workplace Discrimination is Illegal - Your Rights Under USERRA

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact  Talent@themutualgroup.com .

Employment Verification

The Mutual Group participates in the   E-Verify  program and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. You are protected from  employment discrimination  based on your citizenship status and national origin.

E-Verify Program Overview

E-Verify Participation Poster

All offers of employment are contingent upon the successful completion of a background check.

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