Associate Actuary

saif; United States; Remote; USD 90,000 - 140,000; Full time

Job summary

SAIF is seeking an Associate Actuary to join a collaborative team that influences rates, reserves and forecasts across Oregon workers' compensation programs.

You will work with senior executives, partners, and auditors to deliver analytical insights and robust financial projections. Remote work is possible with occasional travel to Salem; strong communication and strategic thinking are essential.

Qualifications

• Bachelor's degree in actuarial science or related field and CAS membership.
• ACAS credential or progress toward CAS required.
• Experience in workers' compensation actuarial work preferred.

Responsibilities

• Develop loss and loss adjustment expense reserves.
• Prepare inputs for annual and quarterly financial statements and regulatory filings.
• Develop rate recommendations and maintain pricing/monitoring tools.
• Support underwriting with pricing guidance and underwriting guidelines.
• Maintain financial forecasts, capital models, and ORSA documentation.
• Support reinsurance program and monitor coverage and reporting.
• Coordinate with Data & Analytics to ensure data integrity.
• Provide coaching and peer review for actuarial work.

Skills

Actuarial experience

Collaborative

Strategic communication

Education

Actuarial degree (Actuarial Science / Math / Economics / Finance)

CAS membership (Casualty Actuarial Society)

Job description

Job Description

Compensation Grade: 35

At SAIF, actuaries are more than our numbers people.

Their work is the thread that binds together our enterprise-wide projects, strategies, and mission. Heavily relied-upon for their creativity and expertise, this team has the autonomy to work directly with business partners to help establish rates, maintain adequate reserves, produce forecasts, and ensure long term stability.

We are recruiting for an associate actuary. In this role, you'll play a vital role in SAIF's mission to serve Oregon's workers and employers by making workers' compensation coverage widely available and affordable, and by providing extraordinary service. We're looking for a highly motivated self-starter with actuarial experience and an ACAS credential, but just as importantly, we're seeking a collaborative teammate, strategic communicator, seeker of challenges, and champion of analytics.

Your work won't be done in isolation. You will work closely with a seasoned team of actuaries and analysts and collaborate regularly with partners across the company. You will work directly with senior executives and influence critical work for our customers, board members, regulators, and other stakeholders. The impact and visibility of your work could reach the four corners of the state and beyond.

Note: This position is open to remote candidates; however, due to some state restrictions there are some locations that SAIF is not able to hire remote candidates. Remote workers may be required to travel to SAIF's offices in Salem, Oregon, around two times annually.

Responsibilities

• Proactively assist in the identification of and solutions for the most complex problems that impact the management and direction of the business by participating and leading actuarial work in the following areas:


• Development of reasonable loss and loss adjustment expense reserves.


• Preparation of various inputs to the annual and quarter financial statements and related filings and participation in regulatory audits.


• Development and filing of sound rate recommendations, maintenance of SAIF's pricing and rate adequacy monitoring tools, conducting trend and market analysis research, and providing support and consult to Underwriting on individual account pricing and the development of technical underwriting guidelines.


• Updates to and maintenance of SAIF's financial forecasts, dividend models, capital models, and surplus analyses. Completion of supporting documentation and communication including the Own Risk Solvency Assessment (ORSA).


• Support for SAIF's reinsurance program and monitoring of reinsurance coverage including claim reporting, commutations, and financial reporting.


• NCCI financial data call process, including calculating any data anomalies and communicating with NCCI to explain SAIF's data and answer questions.


• Conduct and guide research and analysis to inform strategic priorities. Assist management as a strategic business partner by advising on methods and applications for actuarial analysis.


• Design and execute data analysis, and provide support to various external and internal customers, including auditors, reinsurers, and reinsurance brokers, SAIF's appointed actuary and staff, and SAIF's executive leadership team and board of directors.


• Monitor external information sources for developments that may affect SAIF's operations and strategies, including such areas as regional business conditions, competitors, demographics, legal or regulatory changes, and medical costs, utilization, treatment patterns and practices, medical outcomes, and healthcare policy. Assess potential impacts and assist with the preparation of recommendations to inform management response.


• Stay abreast of trends and innovations in the casualty actuarial profession related to pricing, reserving, workers' compensation, and related areas.


• Work closely with the Data & Analytics function to monitor and inform data integrity and incorporate the use of analytics to inform decisions.


• Coach other staff in the use and interpretation of standard actuarial procedures. Provide peer review of actuarial work performed by others.


• Assist in the training and/or professional development of other staff by mentoring or coaching in specific areas and identifying and developing training needs. Provide feedback to division leadership to support the performance management processes.


• Explore diverse perspectives and consistently behave sensitively toward differences in cultural norms, expectations, and ways of communicating. Work effectively with others who have different perspectives, backgrounds, and/or work styles.

The following qualifications are recommended:

• Five or more years of actuarial experience, including at least one year of workers' compensation experience.


• A bachelor's degree in actuarial science, mathematics, economics, finance, or a related field and membership in the Casualty Actuarial Society.


• Continued progress towards or maintenance of membership in the Ca