Associate Actuary

ProAg Management, Inc.; Maple Grove (MN); On-site; USD 137,200 - 155,000; Full time

Benefits offered by this job

Competitive salary

Comprehensive benefits

401(k) plan with 6% company match

20 days PTO plus paid holidays

Access to wellness programs

Job summary

ProAg Management, Inc. seeks an Associate Actuary in Maple Grove, MN, to support underwriting and actuarial functions. In this role, you'll analyze claims data, develop pricing methodologies, and contribute to strategic initiatives.

Candidates should have a relevant degree, pass 5 CAS exams, and possess strong statistical and communication skills. The position offers a competitive salary and comprehensive benefits, along with opportunities for growth.

Qualifications

• 5+ years of experience in actuarial roles or related field.
• Ability to interpret model results and turn data into actionable insights.
• Experience with pricing and risk assessment in insurance.

Responsibilities

• Conduct rate adequacy analysis and develop insurance product pricing.
• Construct policyholder profitability models for reinsurance.
• Support actuarial needs in the insurance product implementation.

Skills

Statistical modeling

Predictive modeling

Communication skills

Analytical skills

Programming in R, SQL, Python

Education

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

5 Casualty Actuarial Society exams passed

ACAS certification

Job description

Job Details

• Job Title: Associate Actuary
• Location: Maple Grove - MN
• Reports To: Associate Actuary Supervisor
• Employment Type: Full Time
• Job Requisition ID: 2026-575
• Requisition Begin Date: 05/28/2026
• Requisition End Date: 06/28/2026 (Posting may close earlier if filled or business needs change.)

Role Overview

The Associate Actuary at ProAg plays a key role in supporting underwriting and actuarial functions by delivering data-driven insights that inform pricing, hedging decisions, and overall business performance. In this role, you will analyze claims and premium data, develop projections, and contribute to actuarial models that guide decision-making across underwriting teams and leadership. Working closely with cross-functional partners, you will support initiatives such as reinsurance analysis, pricing, and financial reporting, while also assisting with strategic efforts like new product offerings and competitor comparisons. This position is ideal for a detail-oriented, analytical professional who can manage multiple priorities and translate complex data into meaningful insights that help drive sound business decisions.

In this Exciting Opportunity, You Will:

• Conduct rate adequacy analysis and develop insurance product pricing using actuarial and predictive modeling methodologies, driving the business to achieve profitability objectives
• Using actuarial and predictive modeling techniques, construct policyholder profitability models for reinsurance decisioning in multi-peril crop insurance and livestock contracts
• Provide quantitative support in evaluating derivative market instruments and assist in the execution of trading strategies
• Utilize strong interpersonal and communication skills to understand and support actuarial needs of the insurance product implementation process

What You Bring

• A Bachelor’s degree in Actuarial Science, Mathematics, a related field, or the equivalent education and/or experience
• Minimum 5 Casualty Actuarial Society exams passed
• Attainment of the Associate of the Casualty Actuarial Society (ACAS) certification a plus
• Ability to apply statistical and predictive modeling and analytics methodologies to advanced analytical problems, interpret the model results, turn data into actionable insights, and effectively communicate model results
• Proficiency in programming languages R, SQL, or Python
• Fantastic written and verbal communication skills with ability to effectively present recommendations and analysis to business partners
• Good organizational and analytical skills with a demonstrated ability to manage multiple tasks simultaneously

What We Offer

• Competitive salary and comprehensive benefit package
• Strong learning culture with ongoing development opportunities
• Opportunities for growth and career advancement
• Comprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employment
• Basic life and disability insurance
• 401(k) plan with 6% company match
• 20 days of PTO, three floating holidays, approximately 10 paid holidays, and volunteer time off
• Paid parental leave
• Access to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription
• Student loan matching program
• Employee discount programAn opportunity to do meaningful work and love what you do

Pay Transparency

The pay range for this position is $137,200 - $155,000, which includes geographic adjustments, where applicable. The pay range is the range THMCC, in good faith, believes is the range of compensation for this role at the time of this posting. The hired applicant will be offered pay within the entire range based on the candidate’s geographic location, qualifications, work experience, education, and/or skill level.

Equal Opportunity Employer

TMHCC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity, genetic information, marital status, medical condition, national origin, physical or mental disability, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances.