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Overview

At Physicians Mutual, we're looking for an analytically driven actuarial professional to join our Product Management team. This is an exciting opportunity for recent graduates and early-career actuaries who have successfully completed three or more actuarial exams and are eager to apply their knowledge in a collaborative business environment.

In this role, you'll help shape the future of our insurance products by supporting pricing, product development and long-term business strategy. You'll use your analytical and problem-solving skills to evaluate product performance, develop actuarial models and provide insights that help ensure our products remain competitive, financially sound and compliant with regulatory requirements.

Working alongside experienced actuaries and cross-functional partners across Product Management, Finance, Marketing, Underwriting and Claims, you'll gain valuable exposure to the full product lifecycle while continuing to advance your actuarial career.

 

Responsibilities

  • Perform experience studies analyzing persistency, mortality, morbidity and expense trends to support pricing and business decisions. 
  • Support product development by evaluating product designs, profitability scenarios and pricing assumptions. 
  • Build, maintain and enhance actuarial models using tools such as Excel, ALFA and other modeling software. 
  • Prepare actuarial analyses, exhibits and documentation supporting regulatory filings, implementation and ongoing monitoring. 
  • Assist with pricing analyses, profitability studies and other actuarial research. 
  • Support reserve analyses, financial projections and experience monitoring. 
  • Partner with Product Management, Finance, Marketing, Underwriting, Claims and other business teams to deliver actionable insights. 
  • Translate complex actuarial findings into clear recommendations for both technical and non-technical audiences. 
  • Maintain compliance with Actuarial Standards of Practice (ASOP) while ensuring work is accurate, well documented and audit-ready. 
  • Continue progressing through the Society of Actuaries examination process.

 

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics or another quantitative field. 
  • Successful completion of at least three Society of Actuaries (SOA) exams with demonstrated progress toward ASA designation. 
  • Strong analytical and problem-solving skills with the ability to evaluate complex data and develop meaningful business insights. 
  • Experience with Microsoft Excel; familiarity with actuarial modeling software such as ALFA, CASE or similar analytical tools is preferred. 
  • Ability to manage multiple priorities while delivering accurate, high-quality work within established deadlines. 
  • Strong attention to detail with a focus on data integrity, validation and accuracy. 
  • Excellent written and verbal communication skills, including the ability to explain complex actuarial concepts to both technical and non-technical audiences. 
  • Collaborative mindset with the ability to build strong working relationships across departments. 
  • Curiosity, initiative and a commitment to continuous learning and professional development.

 

About Us

Health. Life. Retirement. The Physicians Mutual family empowers people from all walks of life to enjoy the financial security they deserve. That’s what Insurance for all of us® is about.

 

The Physicians Mutual family includes Physicians Mutual Insurance Company, Physicians Life Insurance Company and Physicians Select Insurance Company. Physicians Mutual offers reliable dental and supplemental health insurance, and pet insurance. Physicians Life provides important life insurance, Medicare Supplement insurance and coverage for funeral pre-planning. Physicians Select Insurance Company additionally offers exclusive Medicare Supplement insurance.

 

Since our start in 1902, our dedication to delivering on our promise has helped make us one of the nation’s leading health and life insurance providers. In fact, we are rated in the top 1% of insurance companies. We consistently maintain some of the highest financial strength ratings in the nation from independent insurance analysts, including A.M. Best Company and Weiss Ratings, ensuring we’ll be there for our policyowners and our employees far into the future.

 

But the achievement we’re most proud of? We have a 95% customer satisfaction rating — a true sign of a company dedicated to embodying its vision.