Senior Actuary

Penn National Insurance; Harrisburg (Dauphin County); On-site; USD 154,000 - 211,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Incentive compensation

Remote and hybrid work options

Job summary

Penn National Insurance, a mutual insurer, seeks a Senior Actuary to lead pricing across major commercial and personal lines. You will shape financial strategy through advanced actuarial analysis and recommend profitable pricing structures to support company performance.

The role requires directing rate filings, mentoring actuarial staff, and representing the company with rate bureaus and regulatory bodies. Strong analytical and communication skills are essential.

Qualifications

• Bachelor of Science degree in mathematics or actuarial science with rigorous analytical training.
• Associate of the Casualty Actuarial Society required, Fellowship preferred.

Responsibilities

• Oversee the preparation of rate filings with exhibits and documentation.
• Develop, direct and coach staff, set objectives and monitor performance.
• Lead communication with staff and encourage open dialogue in meetings and 1:1s.
• Monitor rate bureaus and regulator agencies for changes and developments.
• Stay informed on reserving, ratemaking and capital modeling methods.
• Represent the company in external committees to enhance actuarial knowledge.
• Present recommendations to leadership and senior management on rate, reserve and capital issues.

Skills

Actuarial analysis

Ratemaking

Financial forecasting

Education

B.S. in mathematics or actuarial science

ASA certification

FSA preferred

Job description

Job Summary

We are seeking a Senior Actuary to lead pricing activities across major commercial and personal lines of business. This role is pivotal in shaping financial strategy through advanced actuarial analysis. The Senior Actuary will apply expert-level actuarial techniques to recommend profitable pricing structures, contributing directly to the company’s financial performance.

Position Competencies

• Business Acumen
• Time & Priority Management
• Negotiation
• Decision Making
• Results Oriented

Essential Duties And Responsibilities

• Oversees the preparation of rate filings that include appropriate supporting exhibits and documentation, and that reflect anticipated regulatory issues.
• Develop, direct and coach assigned staff, to include establishing performance objectives and clear success criteria, as well as monitoring performance outcomes and addressing issues appropriately.
• Lead by example in communicating with staff. Encourage open dialogue in staff meetings and 1:1 discussions.
• Monitors the activity of rate bureaus and regulator agencies.
• Keeps apprised of changes, developments, and new research and methods in reserving, ratemaking and capital modeling.
• As company representative, participates in external rate bureau and industry committee activities in order to develop more effective actuarial methods for internal use and improve upon the current level of knowledge in the actuarial field.
• Clearly communicates recommendations to the Loss Reserve Committee, Underwriting Operations management, or ERM Committee, and communicates with senior management about corporate rate, reserve, and capital issues.
• Conducts research and makes recommendations regarding emerging topics in actuarial-related insurance issues.
• Develops or directs the development of computer application systems for analysis, manipulation, and reporting of actuarial data .
• Advises and acts as consultant to the Company Underwriting Operations and Claims Divisions with regard to data analysis .
• Prepares the companies’ year-end reserve report in support of the Vice President – Actuarial’s reserve opinion if responsible for the reserving function.
• Plans and directs all actuarial activities involved with pricing or reserving for all major lines of business or with capital modeling.
• Supervises Pricing Analyst, actuarial assistant(s), and/or actuarial trainee staff .
• Accurately and completely analyzes data and information in order to make recommendations of profitable rate and price levels or adequate reserves.
• Determines, develops, and utilizes the appropriate actuarial methodology and assumptions in the pricing or reserve recommendation process or in capital modeling and management.

Additional Responsibilities

• Applies data to solve common business problems.
• Compiles, manipulates and analyses data of varying complexity.
• Knowledgeable and proficient about what tools are available for data analysis and when they are appropriate to use.
• May supervise the activities of technical staff as needed and serve as mentor to and has assignment authority over the Rate Analyst, Pricing Analyst, and/or Actuarial Assistant(s).
• Performs other duties as may be assigned by the senior Actuary or Vice President, Actuarial.

SPECIAL RELATIONSHIPS

• Interacts with all levels of the organization internally, as well as interaction with external regulatory agencies.
• Direct reports include Actuarial Assistant and Actuary.

Qualifications

Education/Credentials

• Bachelor of Science degree in mathematics, actuarial science or similar curriculum providing rigorous analytical training
• Associate of the Casualty Actuarial Society required, Fellow preferred

Experience

• Minimum of 6 years of general Actuarial experience. Prefer prior experience to include 4 years of ratemaking as appropriate

Technical/Professional Knowledge

• Requires a high level of quantitative analytical skills
• Familiarity with property and casualty insurance accounting and finance
• A high level of proficiency in personal computer spreadsheet and database skills
• Familiarity with legal and regulatory requirements for ratemaking and filing
• Strong organizational skills
• Must possess good written and oral communication skills

The compensation has been carefully determined by considering a variety of important factors, including skill sets, experience, training, and certifications. With these considerations in mind, the estimated hiring range is $153,752.06 - $211,409.07. Additionally, you may be eligible to participate in our annual incentive program, depending on your eligibility under the plan.

Job Requirements

• This position is primarily a sedentary position that requires occasional standing and walking throughout the office environment.
• Must be able to see and effectively use a computer monitor.
• Must be able to operate a computer, keyboard and applicable printers and other general office equipment.
• Must be able to access and enter information accurately using automated systems.
• Must be able to hear and communicate via the telephone and/or monitoring devices to both internal and external clients.
• Must be able to present information to individuals and groups.
• Must be able to interpret and apply concepts that may or may not be based upon established guidelines.
• Must be able to maintain acceptable attendance and adhere to scheduled work hours.
• Must have a valid driver’s license and be able to operate a motor vehicle.
• Must be able to travel, with overnight stays required.

About Us

At Penn National Insurance, we’re on a mission to help people feel secure and make life better when bad things happen. For over 106 years, we’ve been a trusted partner to individuals, families and businesses because we are a mutual insurance company where service and support for our policyholders are at the heart of everything we do.

We’re not just a company—we’re a community united by our core mission to “Make Life Better.” Here, you’ll find a place where your professional growth, success and personal well-being are our top priorities.

Why Choose Penn National Insurance?

At Penn National Insurance, we’re on a mission to help people feel secure and make life better when bad things happen. For over 106 years, we’ve been a trusted partner to individuals, families and businesses because we are a mutual insurance company where service and support for our policyholders are at the heart of everything we do.

Your Career Journey: Empowering Your Growth

Your career should be more than just a job—it should empower you to feel secure, supported and inspired. At Penn National Insurance, we invest in your growth and celebrate your contributions with a comprehensive and competitive total rewards package. We’re committed to supporting your journey and helping you thrive at every stage of your career. Key highlights include:

• Benefits and Compensation: Generous 401(k) match, graded profit sharing, incentive compensation, and a wide range of benefits to support your financial health, physical well-being and career development.
• Flexibility: We offer remote and hybrid work options, flexible scheduling and a “dress-for-your-day” culture.
• Recognition: We celebrate your achievements, big and small, through employee recognition programs designed to honor your contributions.

Your Employer of Choice: A Legacy of Trust and Strength

Joining Penn National Insurance means becoming part of a company with over a century of experience, built on trust, innovation and strong relationships. From our beginnings as a mutual insurance company founded by farmers to our 100th anniversary in 2019, we've stayed true to our relationship-driven model, focusing on direct service and meaningful support.

Your Community: Making an Impact Together

Making life better isn’t just our mission—it’s a value that guides everything we do. Our employees are at the heart of this mission, giving back through community engagement and charitable efforts. We proudly support our community through financial support and employee volunteering opportunities including our annual United Way campaign, where employee contributions and company matches make a significant impact each year.

Your Future: Building a Rewarding Career Path

We’re not just offering a job; we’re providing a fulfilling and rewarding career. We support your growth with a range of resources designed to help you build your skills and achieve your goals, including:

• Continuing Education Support: Access to programs that help you enhance your knowledge, skills and educational goals along with 100% tuition reimbursement for academic studies.
• Professional Development Opportunities: Tailored designation programs to help you advance in your career such as CPCU, AINS, CPA, CISSP, and more.
• Long-Term Career Focus: With an average employee tenure of 14 years and many team members serving for over 40 years, we take pride in fostering a work environment that values long-term growth and development.

Only candidates from the following states will be considered for opportunities with Penn National Insurance and Inservco Insurance Services: Alabama, Delaware, Iowa, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin – unless specifically stated otherwise in the job posting.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, creed, affectional and sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Consistent with the Americans with Disabilities Act (ADA) and EEOC guidance, it is the policy of Pennsylvania National Insurance to provide reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process. If you require a reasonable accommodation in completing this application, interviewing, completing any pre‑employment testing, or otherwise participating in the employee selection process, please direct your inquiries to a HR Business Partner via telephone at 800-368-4764, or through email .