Senior Actuarial Analyst

The Mutual Group

. Profitability Analysis: Evaluate loss ratios, rate adequacy, and underwriting performance to identify opportunities for portfolio improvement.

Posted 4/3/2026full-timeChicago • Illinois, Iowa • 🇺🇸 United StatesSenior💰 $120,000 - $175,000 per yearWebsite

Tech Stack

Tools & technologies

PythonSQL

About the role

Key responsibilities & impact

Profitability Analysis: Evaluate loss ratios, rate adequacy, and underwriting performance to identify opportunities for portfolio improvement.
Analyze profitability and rate adequacy at the segment, coverage and portfolio levels.
Develop underlying actuarial assumptions including loss trend, loss development patterns and large loss loads.
Collaborate with underwriting leadership to develop and monitor execution of underwriting strategies.
Continuously evaluate pricing adequacy and recommend adjustments based on emerging trends, market conditions and portfolio performance.
Present actuarial insights to underwriting leadership and other key stakeholders, translating technical analysis into actionable business decisions.
Support management reporting on portfolio performance, profitability and key risk drivers.
Pricing Analysis: Partner with underwriting to provide actuarial insights that support sound underwriting decisions.
Perform actuarial pricing analyses to support account level new business and renewal decisions.
Assist in the development, maintenance, and enhancement of pricing models and rating tools.
Partner with underwriting to determine appropriate pricing guidance for large accounts, group business and programs.
Communicate pricing assumptions, methodologies, and recommendations to key underwriting stakeholders.
Leadership: Serve as a technical leader within the actuarial team, providing guidance on appropriate methodologies and analytical best practices.
Serve as a technical leader within the actuarial team, providing guidance on methodologies and analytical best practices.
Mentor and support junior actuarial analysts, reviewing work products, providing feedback, and assisting with technical development of team members.
Lead or support cross-functional initiatives with underwriting, finance, and data teams to improve pricing processes and analytical capabilities.

Requirements

What you’ll need

At least 5 years of actuarial experience in property & casualty insurance FCAS preferred, ACAS considered with clear progress towards attaining fellowship
Experience collaborating with underwriting, performing pricing analysis, and communicating actuarial concepts to non-actuarial stakeholders
Strong analytical thinking and quantitative skills
Experience working with large datasets, data warehouses, or modern analytical data platforms
Experience programming in SQL, Python, R, or similar analytical languages preferred
Strong communication and collaboration skills

Benefits

Comp & perks

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

ATS Keywords

✓ Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

profitability analysisrate adequacyunderwriting performanceactuarial assumptionsloss trendloss development patternspricing analysispricing modelsSQLPython

Soft Skills

analytical thinkingquantitative skillscommunication skillscollaboration skillsleadershipmentoringtechnical guidancefeedback provision

Certifications

FCASACAS