Actuarial Associate - Health Insurance Product Pricing

Physicians Mutual; Omaha (NE); On-site; USD 85,000 - 110,000; Full time

Job summary

Physicians Mutual is seeking an actuarial professional to join our Product Management team, focused on Medicare Supplement and related health products. You’ll analyze data, support pricing and development, and ensure regulatory compliance, collaborating with actuarial, finance, marketing, and product development to deliver insights that help grow and strengthen our portfolio.

This role emphasizes rigorous analytics, modeling using Excel and ALFA, and clear communication of results to both

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related field.
• ASA designation required.
• 2+ years’ experience with health insurance products, including Medicare Supplement.
• Strong analytical and technical capabilities, including advanced Excel and modeling exposure.
• Ability to translate complex concepts into clear insights for technical and non-technical audiences.
• Commitment to ongoing actuarial education.
• Strong attention to detail and collaborative mindset.

Responsibilities

• Conduct experience studies and analyze persistency, mortality, morbidity, and expenses.
• Support product pricing and development by evaluating assumptions, profitability, and regulatory compliance.
• Prepare and maintain rate filings, actuarial memorandums, and related documentation.
• Contribute to re-rating analyses and renewal rate setting, presenting findings to management.
• Develop and maintain models using tools such as Excel or ALFA software.
• Collaborate with internal teams to deliver accurate, timely information and actionable insights.

Skills

Analytical thinking

Excel proficiency

Actuarial modeling

Data interpretation

Cross-functional collaboration

Education

Bachelor’s degree in Actuarial Science

ASA designation

Tools

Excel

ALFA

Job description

Physicians Mutual is seeking an actuarial professional to join our Product Management team, focused on Medicare Supplement and related health products. You’ll analyze data, support pricing and development, and ensure regulatory compliance, collaborating with actuarial, finance, marketing, and product development to deliver insights that help grow and strengthen our portfolio.

This role emphasizes rigorous analytics, modeling using Excel and ALFA, and clear communication of results to both