Senior Actuary

The Mutual Group; United States; Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

401(k) matching up to 6%

Life Insurance and AD&D

Medical, dental and vision plans

Wellness incentives

Generous time off

Hybrid/remote options for eligible pos

Educational assistance

Job summary

The Mutual Group is seeking a Senior Actuary, Reserving to lead quarterly reserve analyses for Property & Casualty lines and to partner with Claims, Finance and Underwriting. You will develop and maintain reserving models, prepare analyses with sound judgment, and document assumptions with strong governance.

Hybrid work options are available for employees near the home office. The role requires ACAS, with FCAS preferred, and involves supporting financial reporting, regulatory processes, and

Qualifications

• 5 to 8 years of actuarial experience in Property & Casualty insurance, with significant experience in reserving.
• ACAS required; FCAS designation or active pursuit of FCAS preferred.
• Strong understanding of loss reserving techniques, loss development analysis, reserve uncertainty, and actuarial modeling.
• Proficiency with modeling and data analysis tools; experience with actuarial reserving software or programming tools preferred.
• Experience supporting financial reporting, reserve reviews, audits, or regulatory requirements.
• Strong analytical, problem-solving, and critical-thinking skills.
• Effective written and verbal communication skills with the ability to explain technical concepts to non-actuarial audiences.
• Ability to manage multiple priorities and work independently while collaborating effectively across teams.
• Strong attention to detail and commitment to quality, governance, and documentation standards.
• Familiarity with actuarial standards of practice (ASOPs) and reserving best practices.

Responsibilities

• Perform quarterly Loss and LAE reserve analyses across assigned Property & Casualty lines of business.
• Prepare reserve analyses and recommendations using appropriate actuarial techniques and judgment.
• Ensure reserve indications are well-supported, documented, and consistent with actuarial standards and company policies.
• Maintain reserving models, methodologies, and supporting documentation.
• Contribute to the development and enhancement of reserving controls, governance processes, and documentation standards.
• Perform diagnostic testing, trend analysis, and assumption reviews to evaluate reserve adequacy.
• Partner with Finance to support financial close processes, reserve change analyses, audits, and regulatory reporting.
• Support external actuarial reviews, audits, and regulatory examinations as needed.
• Develop actuarial analyses and insights related to reserve performance, loss trends, and emerging risks.
• Analyze development patterns, claim trends, and sources of reserve volatility.
• Collaborate with Claims and Underwriting to understand operational and portfolio drivers impacting reserve results.
• Perform scenario testing, reserve uncertainty assessments, and forecasting exercises.
• Monitor emerging issues and communicate potential impacts on reserve adequacy and business performance.
• Contribute actuarial analysis to reinsurance, capital planning, business planning, and other enterprise initiatives.
• Contribute to enhancements in actuarial models, data processes, and analytical tools.
• Develop and communicate clear analyses and recommendations to actuarial leadership and business partners.

Skills

Reserving techniques

Loss reserving analysis

Actuarial modeling

Data analysis tools

Communication skills

Independent work

Education

ACAS

FCAS in progress / FCAS designation

Tools

Actuarial software

Programming tools

Job description

Job Description

The Senior Actuary, Reserving performs and supports Property & Casualty reserve analyses across multiple lines of business. This role helps ensure the accuracy, integrity, and transparency of loss and loss adjustment expense reserves through sound actuarial analysis, strong technical execution, and disciplined documentation. The Senior Actuary partners with Claims, Finance, Underwriting, and other stakeholders to evaluate reserve adequacy, monitor emerging trends, and provide insights that support financial reporting and business decision-making. This position also supports continued improvement in reserving practices, governance, and analytical capabilities.

Department

Analytics

Work Arrangement

• Employees who live within 30 miles of the TMG home office are expected to follow a hybrid or in-office schedule. The initial training period may require additional in-office days.

Accountabilities

Reserving Process

• Perform and contribute to quarterly Loss and LAE reserve analyses across assigned Property & Casualty lines of business.
• Prepare reserve analyses and recommendations using appropriate actuarial techniques and judgment.
• Ensure reserve indications are well-supported, documented, and consistent with actuarial standards and company policies.
• Maintain reserving models, methodologies, and supporting documentation.
• Contribute to the development and enhancement of reserving controls, governance processes, and documentation standards.
• Perform diagnostic testing, trend analysis, and assumption reviews to evaluate reserve adequacy.
• Partner with Finance to support financial close processes, reserve change analyses, audits, and regulatory reporting.
• Support external actuarial reviews, audits, and regulatory examinations as needed.

Analytics, Insights & Decision Support

• Develop actuarial analyses and insights related to reserve performance, loss trends, and emerging risks.
• Analyze development patterns, claim trends, and sources of reserve volatility.
• Collaborate with Claims and Underwriting to understand operational and portfolio drivers impacting reserve results.
• Perform scenario testing, reserve uncertainty assessments, and forecasting exercises.
• Monitor emerging issues and communicate potential impacts on reserve adequacy and business performance.
• Contribute actuarial analysis to reinsurance, capital planning, business planning, and other enterprise initiatives.
• Contribute to enhancements in actuarial models, data processes, and analytical tools.
• Develop and communicate clear analyses and recommendations to actuarial leadership and business partners.

Collaboration & Professional Development

• Collaborate with actuarial peers to review and validate work products for accuracy and consistency where appropriate.
• Partner effectively with cross-functional stakeholders across Finance, Claims, Underwriting, and Analytics.
• Share technical knowledge and provide informal guidance to less experienced actuarial team members.
• Contribute to departmental initiatives focused on process improvement, efficiency, and governance.
• Communicate actuarial concepts and analytical findings clearly to both technical and non-technical audiences.
• Pursue ongoing professional development and remain current on actuarial standards, industry trends, and reserving practices.

Qualifications

• 5 to 8 years of actuarial experience in Property & Casualty insurance, with significant experience in reserving.
• ACAS required; FCAS designation or active pursuit of FCAS preferred.
• Strong understanding of loss reserving techniques, loss development analysis, reserve uncertainty, and actuarial modeling.
• Proficiency with modeling and data analysis tools; experience with actuarial reserving software or programming tools preferred.
• Experience supporting financial reporting, reserve reviews, audits, or regulatory requirements.
• Strong analytical, problem-solving, and critical-thinking skills.
• Effective written and verbal communication skills with the ability to explain technical concepts to non-actuarial audiences.
• Ability to manage multiple priorities and work independently while collaborating effectively across teams.
• Strong attention to detail and commitment to quality, governance, and documentation standards.
• Familiarity with actuarial standards of practice (ASOPs) and reserving best practices.

Pay Range

Anticipated Hiring Range

• $120,000 - $180,000 annual base salary depending on experience, qualifications, and geographic location

Benefits

• Competitive base salary plus incentive plans for eligible team members
• 401(K) retirement plan that includes a company match of up to 6% of your eligible salary
• Free basic life and AD&D, long-term disability and short-term disability insurance
• Medical, dental and vision plans to meet your unique healthcare needs
• Wellness incentives
• Generous time off program that includes personal, holiday and volunteer paid time off
• Flexible work schedules and hybrid/remote options for eligible positions
• Educational assistance

Equal Opportunity Employer

The Mutual Group is an Equal Opportunity Employer. It is our policy to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

• Know Your Rights: Workplace Discrimination is Illegal
• Your Rights Under USERRA

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact [e-mail].

Employment Verification

The Mutual Group participates in the E-Verify program and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. You are protected from employment discrimination based on your citizenship status and national origin.

All offers of employment are contingent upon the successful completion of a background check.