[Hiring] Associate Actuary @Grinnell Mutual Reinsurance Company

Role Description

Looking for an Associate Actuary or Actuary to lead the rate review process for homeowners/farm property pricing. Responsibilities include:

• Competitor analysis
• Review of company and mutual experience
• Assessment of industry trends
• Application of predictive modeling techniques
• Ensuring compliance with regulatory requirements

This is a highly visible role and a great starting point for a high performer looking to establish a career with a solid company. This position qualifies for our flexible workplace options, including remote work.

Work at our Grinnell, Iowa, headquarters or from a home office in any of the following states:

• Alabama
• Arizona
• Florida
• Georgia
• Illinois
• Indiana
• Iowa
• Kansas
• Minnesota
• Missouri
• Montana
• Nebraska
• New Mexico
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Pennsylvania
• South Dakota
• Tennessee
• Texas
• Virginia
• Wisconsin
• Wyoming

Please note that candidates must be eligible to work in the U.S. without Grinnell Mutual sponsorship.

Qualifications

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or related field
• ACAS required
• Fellow designation is a plus
• Five years preferred experience in property and casualty pricing or ratemaking; reinsurance knowledge preferred
• High proficiency in Excel and analytical tools (SQL, R, Python)
• Strong communication skills with the ability to interpret technical documents and respond to stakeholders
• Effective presenter to senior leaders, industry groups, and/or boards
• Demonstrates uncompromising integrity and professional ethics
• Exceptional analytical and problem-solving skills; able to work with abstract variables and draw sound conclusions
• Effective time management; able to manage multiple projects and adapt to changes and interruptions
• Strong business and product acumen; sound judgment under pressure
• Strong interpersonal, collaboration, and negotiation skills
• Ability to work independently or as part of a team
• Able to drive continuous improvement and innovation
• Must maintain confidentiality and adhere to all company policies and core values

Requirements

• Reviews experience by line of business and performs actuarial analyses including rate indications and relativity analysis
• Performs competitive analysis using competitor filings to support the development of marketable rating plans
• Develops and refines rating structures considering pricing competitiveness, systems impact, and regulatory requirements
• Develops new insurance products and innovates rating plans
• Analyzes product profitability and sensitivity to key assumptions, providing insights for pricing and underwriting
• Analyzes loss data and renders opinions to support premium growth and risk mitigation
• Assesses and quantifies financial, market, and operational risks
• Improves financial decision-making by developing models to evaluate financial implications of uncertain future events
• Presents rate proposals to management and collaborates on implementation of rate actions
• Provides actuarial support for filings, creates specifications for rate and methodology changes, and oversees regulatory filings, including certification
• Monitors statutes, regulations, and bulletins to determine pricing impacts and ensure compliance
• Uses data mining and predictive modeling techniques to identify patterns and relationships
• Analyzes and cleans data, presenting findings clearly and accurately
• Utilizes modeling and analytical software proficiently (e.g., Excel, SQL, R, Python)
• Determines data requirements and definitions with system management and evaluates data accuracy
• Assesses the company’s position and recommends strategies to achieve optimal profitability
• Evaluates and proposes alternative business strategies
• Reviews existing processes and controls, providing recommendations and documenting improvements
• Assesses actuarial implications of business decisions
• Participates in peer reviews to ensure quality and drive innovation
• Assists internal departments with inquiries related to rates, rules, and pricing
• Makes presentations and responds to external customer inquiries
• May represent the company with regulators, auditors, and other external partners
• Trains and mentors staff on rating procedures and identifies training needs for new associates
• Coordinates cross-functional efforts and influences outcomes without direct authority
• Maintains strong relationships across departments and levels
• Travel required as business needs dictate
• Performs other duties as assigned

Benefits

• The salary range for the position is $118,000 - $177,500
• For a list of benefits, click here .

Working Conditions and Physical Efforts

• To perform this job successfully, an individual must be able to perform each job duty and responsibility satisfactorily
• Reasonable accommodations may be made to enable individuals with disabilities to perform job duties and responsibilities
• Work may be fast-paced with multiple projects and tight deadlines; hours outside core schedule may be required
• This position follows the company’s Work from Anywhere guidelines, ensuring business needs are met
• Requires extended periods of stationary computer work
• Internal contacts include project managers, analysts, finance, underwriting leadership, reinsurance leadership, and operations divisions
• Frequent work with state regulators and occasional contact with auditors
• This job description is not intended to describe, in detail, the multitude of tasks that may be assigned, but rather to give the employee a general sense of the responsibilities and expectations of the position
• As the nature of the business demands change, so too may the job duties and responsibilities

Grinnell Mutual is an Equal Opportunity Employer in accordance with applicable state and federal laws.