Actuarial Student

Reliance Matrix; Philadelphia (Philadelphia County); Hybrid; USD 72,000 - 96,000; Full time

Benefits offered by this job

Annual bonus

401(k) match

Medical plans

Dental & vision

Life insurance

Parental leave

Hybrid work

Tuition reimbursement

Paid time off

Volunteer days

Employee resource group

Job summary

Reliance Matrix seeks a data-focused actuarial analyst to summarize quarterly loss experience for leaders and to support pricing, reserve accuracy and efficiency improvements. You will gather and analyze data for emerging issues, develop financial reports, and write queries to support analyses.

The role requires an undergraduate quantitative degree, 1–3 SOA exams, strong Excel and database skills, and effective communication. Work location may be flexible with a hybrid arrangement.

Qualifications

• Undergraduate degree in a quantitative field is required.
• Completion of 1-3 SOA exams is preferred.
• Strong spreadsheet and database software skills.
• Ability to learn R and SQL.
• Good verbal and written communication skills.
• Ability to read and interpret complex charts and statistics.

Responsibilities

• Develops summary of data to support quarterly loss experience analysis for distribution to actuarial and functional leaders.
• Supports development of experience analysis to drive continuous improvements in group benefits pricing, reserve accuracy, and structural efficiency.
• Gathers and analyzes data needed to support emerging issues.
• Develops reports summarizing financial results by critical parameters.
• Writes queries against databases required to perform desired analyses.
• Writes reports to support analyses.
• Provides ad hoc support to Pricing, Claims and/or Underwriting as required.
• Continuous progress on actuarial exams.
• All other duties as assigned.

Skills

Data analysis

Verbal and written communication

Spreadsheet software

Database querying

Statistical reasoning

Education

Undergraduate degree in Actuarial Science, Data Science, Math, or Statistics

Completion of 1-3 SOA exams

Tools

R

SQL

Excel

Job description

Job Responsibilities And Requirements

• Develops summary of data to support quarterly loss experience analysis for distribution to actuarial and functional leaders.
• Supports development of experience analysis to drive continuous improvements in group benefits pricing, reserve accuracy, and structural efficiency.
• Gathers and analyzes data needed to support emerging issues.
• Develops reports summarizing financial results by critical parameters.
• Writes queries against databases required to perform desired analyses.
• Writes reports to support analyses.
• Provides ad hoc support to Pricing, Claims and/or Underwriting as required.
• Continuous progress on actuarial exams.
• All other duties as assigned.

Education, Qualifications And Experience

• Undergraduate degree in Actuarial Science, Data Science, Math, Statistics, or other programs focused on quantitative analysis required.
• Completion of 1-3 Society of Actuaries exams.
• Skilled in spreadsheet and database software usage.
• Ability to learn R and SQL
• Good verbal and written communication skills.
• Must be able to read and interpret complex charts and statistics from printed or other sources.

The expected hiring range for this position is $71,990.00 - $96,100.00 annually for work performed in the primary location (Philadelphia, PA). This expected hiring range covers only base pay and excludes any other compensation components such as commissions or incentive awards. The successful candidate’s starting base pay will be based on several factors including work location, job-related skills, experience, qualifications, and market conditions. These ranges may be modified in the future.

Work location may be flexible if approved by the Company.

What We Offer

At Reliance Matrix, we believe that fostering an inclusive culture allows us to realize more of our potential. And we can’t do this without our most important asset—you.

That is why we offer a competitive pay package and a range of benefits to help team members thrive in their financial, physical, and mental wellbeing.

Our Benefits

• An annual performance bonus for all team members
• Generous 401(k) company match that is immediately vested
• A choice of three medical plans (that include prescription drug coverage) to suit your unique needs. For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
• Multiple options for dental and vision coverage
• Company provided Life & Disability Insurance to ensure financial protection when you need it most
• Family friendly benefits including Paid Parental Leave & Adoption Assistance
• Hybrid work arrangements for eligible roles
• Tuition Reimbursement and Continuing Professional Education
• Paid Time Off – new hires start with at least 20 days of PTO per year in addition to nine company paid holidays. As you grow with us, your PTO may increase based on your level within the company and years of service.
• Volunteer days, community partnerships, and Employee Assistance Program
• Ability to connect with colleagues around the country through our Employee Resource Group program

Our Values

• Integrity
• Empowerment
• Compassion
• Collaboration
• Fun

EEO Statement

Reliance Matrix is an equal opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, national origin, citizenship, age or disability, or any other classification or characteristic protected by federal or state law or regulation. We assure you that your opportunity for employment depends solely on your qualifications.