Associate Actuarial Analyst, Reserving

Summary

The Mutual Group is an insurance organization seeking an Associate Actuarial Analyst, Reserving to support Property & Casualty reserve analyses across multiple lines of business. The role assists with reserve evaluations, actuarial analyses, model maintenance, data validation, financial reporting, and analytical insights while developing actuarial expertise under experienced actuaries.

Responsibilities

• Assist in preparing reserve analyses and indications using established actuarial methods under actuarial supervision
• Support the development of reserve analyses and documentation in accordance with actuarial standards and company practices
• Maintain reserving models, methodologies, and supporting documentation
• Extract, reconcile, validate, and analyze data used in reserving analyses
• Contribute to the development and enhancement of reserving controls, governance processes, and documentation standards
• Assist with diagnostic testing, trend analysis, and assumption reviews supporting reserve adequacy assessments
• Communicate analytical findings and recommendations clearly through reports, exhibits, and presentations
• 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
• Analyze development patterns, claim trends, and sources of reserve volatility
• Collaborate with Claims and Underwriting to understand operational and portfolio drivers impacting reserve results
• Assist with scenario testing, reserve uncertainty assessments, and forecasting exercises
• Monitor emerging issues and communicate potential impacts on reserve adequacy and business performance
• Contribute to enhancements in actuarial models, data processes, and analytical tools
• 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
• Support departmental initiatives focused on process improvement, efficiency, and governance
• Participate in the company’s actuarial exam program, including paid study time and exam support
• Participate in the company’s actuarial rotation program to gain exposure across actuarial and analytical disciplines

Skills

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, Finance or related field
• Successful completion of at least one actuarial exam is required
• Demonstrated commitment to pursuing ACAS credential
• Knowledge of Microsoft Excel required
• 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
• 2 to 4 actuarial exams preferred
• Prior internship experience in insurance, actuarial, finance, analytics, or a related field preferred
• Experience with R, SQL or other querying/programming languages preferred

Qualifications

Must Haves

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, Finance or related field
• Successful completion of at least one actuarial exam is required
• Demonstrated commitment to pursuing ACAS credential
• Knowledge of Microsoft Excel required
• 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

Nice to Haves

• 2 to 4 actuarial exams preferred
• Prior internship experience in insurance, actuarial, finance, analytics, or a related field preferred
• Experience with R, SQL or other querying/programming languages preferred

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
• Paid study time and exam support
• Actuarial rotation program to gain exposure across actuarial and analytical disciplines