Actuarial Associate - Product Management

Overview:

At Physicians Mutual, we’re looking for a talented actuarial professional to join our Product Management team. This is a great opportunity to contribute to meaningful work that supports product pricing, development, and long-term business growth.

In this role, you’ll use your analytical and problem-solving skills to ensure our Medicare Supplement and other Health products are thoughtfully designed, competitively priced, and fully compliant with regulatory requirements. You’ll collaborate closely with cross-functional teams across actuarial, finance, marketing, and product development, helping to deliver insights that drive business decisions and strengthen our portfolio.

Responsibilities:

Conduct experience studies and analyze data related to persistency, mortality, morbidity, and expenses.

Support product pricing and development by evaluating assumptions, profitability, and regulatory compliance.

Assist in preparing and maintaining rate filings, actuarial memorandums, and related documentation.

Contribute to re-rating analyses and renewal rate setting, presenting findings to management.

Develop and maintain models using tools such as Excel or ALFA software.

Collaborate with internal teams to deliver accurate, timely information and actionable insights.

Qualifications:

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related analytical field

Associate of the Society of Actuaries (ASA) designation required

2+ years of experience or familiarity with individual health insurance products, including Medicare Supplement

Strong analytical and technical capabilities, including advanced Excel skills and exposure to actuarial modeling or statistical tools

Ability to translate complex analytical concepts into clear, actionable insights for both technical and non-technical audiences

Demonstrated commitment to ongoing professional growth and continuing actuarial education

Strong attention to detail, accuracy, and problem-solving skills

Collaborative, team-oriented mindset with the ability to partner effectively across departments

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.