Associate Actuary

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 and ensuring compliance with regulatory requirements. These analyses help influence strategic direction. 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 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 and Wyoming. Please note that candidates must be eligible to work in the U.S. without Grinnell Mutual sponsorship.

• 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.

• Developsnew insurance products andinnovatesrating 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 companys 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.

• Makespresentations andrespondsto external customer inquiries.

• May represent the company with regulators auditors and other external partners.

• Trains andmentorsstaff 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.

• Bachelors 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 problemsolving skills; able to work with abstract variables and draw sound conclusions.

• Effective timemanagement;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.

The salary range for the position is $118000 - $177500. For a list of benefits click here.

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 befast-pacedwith multiple projects and tight deadlines; hours outside core schedule may be required.

• This position follows the companys 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.