Actuarial Associate - Product Management

Physicians Mutual Insurance Company, Inc.; Omaha (NE); On-site; USD 70,000 - 90,000; Full time

Job summary

Physicians Mutual Insurance Company, Inc. seeks a talented actuarial professional to join its Product Management team in Omaha, Nebraska. This role offers an opportunity to support meaningful work in product pricing, development, and compliance for Medicare Supplement and health products.

The successful candidate will apply analytical and problem-solving skills to deliver insights that drive business decisions, collaborating closely with various teams. A Bachelor's degree in an analytical field and an ASA designation are required, along with 2+ years of relevant experience.

Qualifications

• Bachelor's degree in a related analytical field.
• ASA designation required.
• 2+ years experience with individual health insurance products.
• Strong analytical and technical capabilities.
• Ability to convey complex concepts clearly.
• Commitment to ongoing professional growth.

Responsibilities

• Conduct experience studies analyzing persistency, mortality, morbidity, and expenses.
• Support product pricing and development evaluations.
• Prepare and maintain rate filings and documentation.
• Contribute to re-rating analyses, present findings to management.
• Develop models using Excel or ALFA.
• Collaborate with teams to deliver accurate insights.

Skills

Analytical skills

Problem-solving skills

Collaborative mindset

Attention to detail

Excel proficiency

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or related field

Associate of the Society of Actuaries (ASA) designation

Tools

Excel

ALFA software

Job description

Overview

At Physicians Mutual, we’re looking for a talented actuarial professional to join our Product Management team. This is a great opportunity to contribute to meaningful work that supports product pricing, development and long-term business growth.

In this role, you’ll use your analytical and problem-solving skills to ensure ourMedicare Supplement and other Health products are thoughtfully designed, competitively priced and fully compliant with regulatory requirements. You’ll collaborate closely with cross‑functional teams across actuarial, finance, marketing and product development, helping to deliver insights that drive business decisions and strengthen our portfolio.

Responsibilities

• Conduct experience studies and analyze data related to persistency, mortality, morbidity and expenses.
• Support product pricing and development by evaluating assumptions, profitability and regulatory compliance.
• Assist in preparing and maintaining 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.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or a related analytical field
• Associate of the Society of Actuaries (ASA) designation required
• 2+ years of experience or familiarity with individual health insurance products, including Medicare Supplement
• Strong analytical and technical capabilities, including advanced Excel skills and exposure to actuarial modeling or statistical tools
• Ability to translate complex analytical concepts into clear, actionable insights for both technical and non-technical audiences
• Demonstrated commitment to ongoing professional growth and continuing actuarial education
• Strong attention to detail, accuracy and problem-solving skills
• Collaborative, team-oriented mindset with the ability to partner effectively across departments