Senior Actuarial Analyst

Saif Corporation - Remote, OR

Full-time - Mid Level

Remote - Remote, OR

Insurance Carriers and Related Activities

About the position

As a Senior Actuarial Analyst at SAIF, you will play a crucial role in supporting the organization's mission to provide affordable workers' compensation coverage in Oregon. This position requires a blend of actuarial expertise and collaborative teamwork, as you will work closely with a seasoned team of actuaries and analysts, as well as senior executives. Your contributions will directly influence critical decisions impacting customers, board members, and regulators, ensuring the long-term stability of the organization.

Responsibilities

• Contribute to the completion of various actuarial work products in accordance with sound actuarial principles.
• Develop reasonable loss and loss adjustment expense reserves.
• Prepare inputs for annual and quarterly financial statements and participate in regulatory audits.
• Develop and file sound rate recommendations and maintain pricing and rate adequacy monitoring tools.
• Conduct trend and market analysis research and support Underwriting on individual account pricing.
• Update and maintain financial forecasts, dividend models, capital models, and surplus analyses.
• Complete supporting documentation for the Own Risk Solvency Assessment (ORSA).
• Support SAIF's reinsurance program and monitor reinsurance coverage.
• Conduct research and analysis to inform strategic priorities related to actuarial analysis and planning.
• Monitor external information sources for developments affecting SAIF's operations and strategies.
• Stay abreast of trends and innovations in the casualty actuarial profession.
• Serve as a consultant and resource for internal and external business information and problem resolution.
• Work closely with the Data & Analytics function to ensure data integrity and inform decisions.
• Coach others in the use and interpretation of standard actuarial procedures.
• Explore diverse perspectives and behave sensitively toward differences in cultural norms.

Requirements

• Four years of actuarial experience, including experience in reserving, pricing, or financial modeling in the insurance industry.
• Experience in workers' compensation insurance strongly preferred.
• A bachelor's degree in actuarial science, mathematics, economics, finance, or a related field.
• Progress towards membership in the Casualty Actuary Society, including completion of CAS exam 5 or exam 6.

Nice-to-haves

• Experience with data analysis and statistical software tools.
• Strong communication and interpersonal skills to collaborate effectively with diverse teams.

Benefits

• Health care coverage
• Retirement savings plans
• Paid time off
• Employee discounts
• Professional development opportunities