Jr. Actuarial Analyst

Palomar; Edina (MN); Remote; USD 69,000 - 95,000; Full time

Benefits offered by this job

Medical benefits

Stock incentives

401k with employer contributions

PTO & holidays

Lifestyle spending allowance

Professional development assistance

Career exploration opportunities

Company social events

Job summary

Palomar is seeking a motivated Jr. Actuarial Analyst to join our team in Minnesota. The role focuses on reserving analyses, actuarial reporting, and data-driven pricing evaluations using Arius and other tools.

You will collaborate across teams to enhance data capabilities and contribute to new business analyses. The ideal candidate has 0–3 years in actuarial/analytical work, passes at least one actuarial exam, strong Excel skills, and familiarity with SQL/Python/R.

Qualifications

• 0–3 years of experience in an actuarial or analytical role.
• At least 1 actuarial exam passed; pursuing ACAS/FCAS.
• Strong analytical and problem-solving skills with attention to detail.
• Proficiency in Microsoft Excel; familiarity with SQL, Python, R.
• Exposure to actuarial concepts, insurance data, or predictive modeling.
• Experience or coursework related to Property and Casualty Insurance preferred.
• Strong communication skills and ability to work effectively in a team environment.
• Willingness to learn and adapt in a dynamic work environment.

Responsibilities

• Assist in reserving analyses for assigned books of business using Arius and other actuarial tools.
• Support actuarial reporting and statistical reporting, ensuring accuracy and quality in data analysis.
• Provide analytical support for reinsurance and pricing evaluations.
• Contribute to program reviews and assist in analyzing new business opportunities.
• Collaborate with other teams to enhance data-driven decision-making and support actuarial data needs.
• Participate in data development projects, improving internal databases and analytical capabilities.
• Engage in special projects and initiatives as assigned.

Skills

0-3 years experience

Actuarial exam

Excel

SQL

Python

R

Analytical thinking

Team communication

Tools

Arius

Job description

Why choose Palomar?

Why choose Palomar?

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.

Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.

Want to learn more about our exciting journey? https://ir.plmr.com/corporate-profile/default.aspx

We are Hiring!

Location

La Jolla, CA; Edina, MN; Remote

The Details

We are seeking a motivated, curious, and detail-oriented Jr. Actuarial Analyst with a strong analytical mindset to join our team. The ideal candidate is eager to learn, thrives in a collaborative environment, and is excited to apply actuarial and data analysis skills to solve complex business problems. This role provides an excellent opportunity for professional growth, including exposure to various actuarial functions and hands-on experience with insurance data frameworks.

What Will You Do

• Assist in reserving analyses for assigned books of business using Arius and other actuarial tools.
• Support actuarial reporting and statistical reporting, ensuring accuracy and quality in data analysis.
• Provide analytical support for reinsurance and pricing evaluations.
• Contribute to program reviews and assist in analyzing new business opportunities.
• Collaborate with other teams to enhance data-driven decision-making and support actuarial data needs.
• Participate in data development projects, improving internal databases and analytical capabilities.
• Engage in special projects and initiatives as assigned.

What We Are Looking For

• 0–3 years of experience in an actuarial or analytical role.
• A minimum of 1 actuarial exam passed, with a commitment to pursuing actuarial credentials (e.g., ACAS, FCAS).
• Strong analytical and problem-solving skills, with a keen attention to detail.
• Proficiency in Microsoft Excel and familiarity with SQL, Python, R, or other programming languages.
• Exposure to actuarial concepts, insurance data, or predictive modeling.
• Experience or coursework related to Property and Casualty Insurance is preferred.
• Strong communication skills and ability to work effectively in a team environment.
• Willingness to learn and adapt in a dynamic work environment.

We Love People Who Want To

• Build strong relationships through transparency, trust, and respect for each other.
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity.
• Be bold and innovative to help make an impact.
• If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!
• Zoom in and out between strategic and tactical
• Be intellectually curious, think creatively, and pragmatic

If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!

What will you get in return?

• Full Suite of Medical Benefits
• Long Term Financial Incentives – STOCK!
• 401k with 3.5% Automatic Fully Vested Employer Contributions
• Competitive PTO + Holiday Program
• Lifestyle Spending Allowance
• Professional Development Assistance
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)
• To learn more visit us at www.plmr.com

Diversity at Palomar

At Palomar, we are committed to diversity, equality and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.

We believe that diversity, equality and inclusion yields greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them

#PalomarPride #Insurancejobs #hiring

Accommodations

Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.

For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.

No phone calls or agency solicitation please

CCPA Job Applicant

Pay Range

$68,500-$95,000 + Bonus Potential & Participation in our Competitive Long-Term Incentive (LTI) Program.

The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above