Actuarial Student

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

Benefits offered by this job

Annual bonus

401(k) match

Medical plans with Rx

Health Savings Account

Dental and vision coverage

Life & Disability Insurance

Parental Leave & Adoption Assistance

Hybrid work arrangements

Tuition Reimbursement

Paid Time Off

Volunteer days

Employee Resource Groups

Job summary

Reliance Matrix is seeking an actuarial analyst in Philadelphia to develop data summaries and reports, support experience analyses, and drive continuous improvements in pricing and reserves. You will write database queries, generate financial summaries, and provide cross-functional support while advancing actuarial exams.

The role emphasizes data interpretation, analytical communication, and learning R and SQL, with a competitive salary and comprehensive benefits.

Qualifications

• Undergraduate degree in Actuarial Science, Data Science, Math, Statistics, or related field.
• Completion of 1-3 SOA 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.

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 pricing, reserve accuracy, and efficiency.
• Gathers and analyzes data needed to support emerging issues.
• Develops reports summarizing financial results by critical parameters.
• Writes queries against databases to perform 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

SQL

R

Communication

Spreadsheet usage

Education

Actuarial Science / Data Science / Math / Statistics (Undergraduate)

SOA exams (1-3)

Tools

Microsoft Excel

Databases

Job description

Job Responsibilities and Requirements

Duties and 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.

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).

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.

#LI-Hybrid . Reliance Matrix delivers employee benefits, absence management and workforce productivity solutions through the financial stability of a top-rated insurance carrier, the agility and innovative spirit of a Third Party Administrator (TPA), and the daily commitment of thousands of team members across America.

Where larger competitors offer size, we inspire confidence and long term engagement through integration, reliability and dedication to providing customized solutions.

Reliance Matrix innovates and provides technology-driven absence and benefit solutions that enable employees and employers to manage time away from work. We help employers attract and retain valuable human capital through thoughtful, inclusive benefit programs delivered with care.

We bring top-tier regulatory knowledge and cutting edge technology to help optimize workforce productivity and compliance. We offer a seamless member experience customized to each individual’s need and event. We integrate our solutions and expertise with leading HR technologies to ensure accuracy, efficiency and a superior customer experience.

We are a proud member of the global Tokio Marine Group, one of the oldest, largest and most respected insurance organizations in the world. In the business hierarchy, human capital is the most precious of assets. Reliance Matrix delivers comprehensive, integrated solutions and services to attract, protect and help optimize an employer’s work force in a changing, challenging world.

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