Actuary

• Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
• Demonstrate effective execution and completion of assigned strategic initiatives and projects.
• Generate and advocate for process improvements and actively propel innovation in alignment with existing strategy.
• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Drive day to day execution within unit.
• Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
• Make decisions independently in accordance with department practices.
• Consistently provide direction and review others' analytical work.
• Communicate on a regular basis with staff, peers and business partners and on an occasional basis with senior leaders.
• Tailor communication of analysis, project results, and other business initiatives to audience.
• Staff responsibilities are likely to include direct management of a small team of individual contributors.
• Execute and communicate talent development processes, including performance and personal development goals.

Senior Director, Actuarial & Analytics – Cross-Line Initiatives

• Assist in preparation of financial reports, memorandums and other required actuarial supporting analyses
• Analyze annuity and life insurance products
• Participate in the development and pricing of new products
• Prepare financial statements
• Hedge investments
• Produce analysis and reports for senior leaders
• Perform Excel spreadsheet automation and develop complex financial models
• Use artificial intelligence tools and resources (e.g. generative AI)

Actuarial Internship

• Assist sales team with design and communication of technical ERISA aspects of Cash Balance, Defined Benefit, and Defined Contribution plans
• Produce and present projections for new business proposals based on input from prospects and sales consultants
• Explain Defined Benefit and Cash Balance funding strategies, PBGC and non-PBGC plans, limits and minimums, plan adoptions, and any new legislation
• Manage a book of existing and newly implemented clients, including data review, testing, valuation preparation, and required government and regulatory filings
• Utilize analytical software to review employee census data, existing 401(k) and Profit Sharing plan documents, and ownership data to design a Defined Benefit, Cash Balance, and/or 401(k)/Profit Sharing plan that fulfills the client’s desires and objective while also complying with all the various limitations, coverage, and nondiscrimination testing requirements found in ERISA
• Identify and implement changes and/or amendments needed to plan documents to address client needs and/or resolve client requests
• Monitor receipt of client’s census information to prioritize completion of annual reporting requirements
• Coordinate and assist administrators with timely completion of discrimination compliance testing
• Provide input and guidance to colleagues assigned to administration for both a 401(k) and cash balance or defined benefit plan
• Provide internal training to Alerus Sales and Administration Staff

Actuary – Cash Balance Plans, Retirement Plans

• Develop organizational strategy and long term vision.
• Influence and communicate strategic portfolio recommendations to senior leaders at the Enterprise level.
• Create environment for the successful execution and completion of entire strategic portfolio.
• Be a leader of change and innovation across the organization.
• Approve decisions resulting from team’s actuarial and analytic analyses.
• Empower day to day execution within department.
• Consistently drive broad department initiatives.
• Promote efficiency and influence appropriate resource investment across Segment, balance additional effort against incremental lift gained from work.
• Make decisions independently in accordance with Enterprise practices.
• Prepare analytical foundations for future business needs.
• Communicate on a regular basis with staff, peers, business partners, and senior leaders.
• Tailor communication of analysis, project results, and other business initiatives to audience.
• Lead group discussions with multiple disciplines or responsibility levels, including senior leader.
• Proactively build, own, and leverage business relationships across the Enterprise.
• Encourage cross-functional teams to allow for sharing of ideas across the Enterprise.
• Mentor less experienced talent across the Enterprise.

VP, Actuarial and Analytics – Personal Insurance

• Research and develop new methods for insurance rating and loss reserving
• Prepare and coordinate analyses of rate and statistical filings for submission to regulatory and insurance agencies
• Serve as project leader for relatively complex projects and studies
• Perform GLM and other statistical techniques to enhance rating algorithms
• Provide filing support, product performance monitoring, and business insights
• Update and maintain loss cost modeling data sets

Actuarial Analyst IV, Pricing Design

• Prepares and presents Medicare Part D and Part B drug spend and trend analyses for Medicare Individual and Group (GRS) businesses, communicating key cost drivers, product mix, member demographics, population shifts, and seasonality to support business decisions
• Delivers actionable pharmacy spend and trend insights through recurring trend reporting, cohort studies, benefit phase analyses, and ad hoc analyses to identify emerging trends and assess Medicare pharmacy financial performance
• Performs key actuarial functions including new product pricing, evaluation of the impact of new legislation, flexible benefit consulting, and special projects
• Designs and completes special projects such as developing and maintaining experience-rating formulae and creating and/or reviewing alternative settlement formulae and risk-sharing models
• Responsible for recommendations on pricing, marketing, product design, claims, premium, and enrollment administration of the business unit
• Responsible for valuation support for the business unit by interpreting financial results and variances from forecast to identify product and segment behavior and assist in the risk management of the business unit

Associate Actuary, Medicare Pharmacy Trend Analytics

• Conduct analysis, pricing and risk assessment to estimate financial outcomes
• Manage health plan specific actuarial needs and produce actuarial reports
• Serve as the main point of contact for all actuarial related activities for an assigned contract
• Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes
• Research and analyze the impact from legislative changes
• Analyze various data reports, identify trends and gaps and recommend action

Associate Actuary

• Lead quarterly and annual reserve analyses for multiple P&C lines of business.
• Evaluate reserve adequacy and analyze loss development trends.
• Prepare reserve recommendations and support statutory and management reporting.
• Collaborate with external actuaries on reserve studies, actuarial reviews, and reporting requirements.
• Partner with Claims, Underwriting, and Finance teams to identify emerging trends and assess business impacts.
• Maintain and enhance reserving models, methodologies, and supporting documentation.
• Train and mentor Financial Analysts on actuarial reserving techniques and best practices.
• Support audits, regulatory reviews, and actuarial reporting requirements.
• Identify opportunities for process improvement and automation within the reserving function.

Manager – Actuarial Reserving

• The program is multi-faceted and offers a combination of actuarial and business development as key partners in determining risks and rewards for the company.
• Other program components include exam support, training, formal mentoring, and networking with dedicated career guidance throughout the time in program.
• Please note that occasional travel for business meetings and events is an expectation of program participants.
• To help prepare for these roles, the ALDP provides participants with challenging rotational assignments in varied core actuarial and analytic functions across the Travelers organization which may include:
• Pricing and Ratemaking
• Reserving
• Claim Risk Analysis
• Product Management
• Corporate/Enterprise Data Science
• STRATEGY - Recommend and execute solutions for assigned project sub-components to resolve challenges of an initiative.
• Execute work thoughtfully and efficiently as a team member to improve project team performance and timelines.
• May participate on strategic projects with execution responsibility for assigned project sub-components.
• May participate on cross-unit initiatives.
• OPERATIONAL – Refresh basic actuarial and analytic analyses with supervision. Support unit initiatives. Provide support as necessary for initiatives across the Enterprise within the scope of influence.
• May identify and create process efficiencies within assignments.
• COMMUNICATION – Communicate progress, findings and results to manager and key partners. Communicate technical topics and findings to primary working group. Understand actuarial, analytical and financial discussions and participate in the conversation during meetings. Provide formal written communication such as memos or presentations with supervision and support.
• TALENT – Support various training and skill development initiatives across rotational assignment. May be a mentor, manager or resource for less experienced analytic talent within rotation assignment.

Actuarial Leadership Development Program – Participant

• The goal of the Actuarial Leadership Development Program (ALDP) internship is to attract and develop self-motivated individuals who are highly skilled and passionate about a career in actuarial while providing a foundation for future success within the organization.
• As an ALDP intern, you will be exposed to a challenging actuarial professional work experience with planned activities giving you insight into business and the many actuarial career options at Travelers.
• With many company-wide events such as Intern Symposium and community outreach events, you will have the opportunity to interact and network with many levels of leadership and management.
• You may have an opportunity to work together with fellow interns to develop and present solutions to relevant business and actuarial topics.
• Perform other duties as assigned.

Actuarial Leadership Development Program Intern

• Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, senior management, and outside consultants and auditors)
• Assist with and/or lead the development of new reserving techniques, as well as new ways to examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management
• Assist with and/or lead quarterly in-depth analysis for several business divisions, the discussions around assumptions and uncertainty, including presentation to executives, development of ongoing forecast process together with input on trend and plan projections
• Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner
• Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
• Assist in developing a discussion supporting the quarterly result and the drivers behind it
• Assist with Quarterly Underwriting Year, NPV, and ROE analyses.

Actuarial Director, Reserving

• Serve as the actuarial line of business owner for specified market segment products (Medicaid, Medicare Cost, Medicare Supplement).
• Manage a team responsible for all actuarial activities including budgeting, forecasting, trend analysis and revenue/cost driver identification and evaluation.
• Communicate with executive leadership in an effective and straightforward manner, serving as a thought leader in the management of financial risk.
• Partner with DHS and their contracted actuaries to influence rate adequacy, assess financial implications of proposed methodologies, and advocate for accurate reflection of risk, trends, and program changes.
• Collaborate with underwriting, product, marketing and sales to maintain product viability and financial soundness.
• Oversee Managers who serve as the primary contacts with regulators for rate and annual filings.
• Stay abreast of regulatory changes, ensuring all responsibilities are addressed.
• Provide insightful research, analysis and interpretation of actuarial and statistical data.

Actuarial Director – Government Programs

• Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, senior management, and outside consultants and auditors)
• Assist with and/or lead the development of new reserving techniques, as well as new ways to examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management.
• Assist with and/or lead quarterly in-depth analysis for several business divisions, the discussions around assumptions and uncertainty, including presentation to executives, development of ongoing forecast process together with input on trend and plan projections.
• Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner.
• Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
• Assist in developing a discussion supporting the quarterly result and the drivers behind it.
• Assist with Quarterly Underwriting Year, NPV, and ROE analyses.

Senior Actuarial Analyst, Reserving, Loss Analytics

• Design and enhance actuarial pricing models, tools, and methodologies to support informed underwriting decisions
• Perform account- and portfolio-level pricing analyses using actuarial techniques, rating plans, and loss experience—initially focused on Casualty, with opportunities to expand into other lines.
• Partner with Underwriting, Finance, Claims, and Reinsurance teams to evaluate programs, structure deals, and analyze portfolios—delivering clear insights and recommendations to stakeholders.
• Lead special initiatives such as onboarding new programs, improving models, and conducting ad hoc portfolio analyses to ensure rate adequacy and operational efficiency.
• Mentor junior analysts by sharing expertise, reviewing work, and supporting their development through the actuarial student program.
• Contribute to monitoring portfolio performance, profitability, and emerging trends to inform business decisions and product strategies.

Senior Actuarial Analyst

• Lead complex actuarial and analytical initiatives, defining scope, work plans, and execution strategies.
• Advise leadership on analytical strategy, risk assessment, and project priorities.
• Oversee and take accountability for technical work produced by project teams.
• Develop and evaluate pricing, provider reimbursement, and benefit analyses.
• Interpret complex data and trends, translating insights into clear, actionable recommendations for leadership.
• Drive quality through peer review and strong documentation.
• Partner cross-functionally to provide ongoing and ad hoc actuarial support.
• Mentor and develop junior team members.

Senior Actuary

• Provide actuarial support to the P&C Programs Insurance Business Unit.
• Lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and leading indicators to assess business health.
• Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentations.
• Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions.
• Conduct analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
• Provide actuarial premium recommendation on large new and renewal accounts.
• Design, program, and maintain critical tools used in pricing, and book monitoring.
• Our actuaries and predictive modeling teams work closely together to deploy advanced analytics and automation tools to help our businesses underwrite more profitably.

Director, Actuary

• Execute production processes, including data preparation, model runs, result reviews, and downstream analysis and deliverables.
• Perform baseline testing and ongoing validations to support confidence in production outcomes.
• Develop and maintain documentation, testware, and supporting tools that lead to confidence, strong understanding, and explainability.
• Identify, investigate, and resolve production issues, inefficiencies, and other opportunities, working with stakeholders and partners as needed.
• Drive alignment with actuarial governance policies, controls, and best practices.
• Partner across teams to ensure clear handoffs and shared understanding, while proactively addressing emerging issues, dependencies, or changes impacting production.
• Seek out and contribute to opportunities beyond immediate scope that support broader team and partner objectives as well as personal growth.

Actuarial Production Consultant – Hybrid

• Own the integrity and performance of annuity production processes across both Prophet and Atlas platforms, including upstream data integration, execution, initial output review, and delivery to downstream stakeholders.
• Serve as the accountable leader for annuity production readiness, ensuring processes consistently meet quality, governance, and stakeholder expectations.
• Develop and lead associates supporting annuity production processes, fostering growth, accountability, and a strong sense of ownership across the team.
• Engage with stakeholders and partners to understand broader objectives, dependencies, and opportunities—bringing a systems-level perspective beyond immediate responsibilities.
• Continuously drive operational excellence, identifying and delivering improvements that increase efficiency, reduce risk, strengthen controls, and enhance stakeholder value.
• Balance strong product and model understanding with process expertise, ensuring production processes are fit for purpose without being the ultimate subject matter expert.
• Chair our Actuarial Model Standards committee, championing model governance and best practices across the organization, ensuring alignment with actuarial standards and enterprise expectations.
• Model and reinforce a culture of accountability, curiosity, and continuous improvement within the team and across partnerships.

Actuarial Production Lead – Annuity

• Provide technical analysis and support of a well-defined nature by modifying, maintaining, operating and documenting various actuarial models
• Perform studies to evaluate specific actuarial assumptions using data analysis and predictive analytics under the direction of qualified Actuary
• Prepare job related reports, summarize and communicate results to direct leaders
• Develop a foundational understanding of actuarial language, processes, and practices
• Participate in actuarial projects within a well-defined scope and responsibility
• Perform analysis on specific actuarial topics, describing actuarial concepts to other business areas, and/or testing results of project implementations
• Communicate status and impediments to completing tasks
• Support the operation and validation of business controls

Actuarial Analyst

• Directing the process of making strategic recommendations and developing moderately-to-highly complex managerial information based on actuarial and financial analyses.
• Initiates, organizes and leads the performing of actuarial analyses to develop actuarial formulations leading to the recommendation of pricing strategies and loss reserving.
• Identifies and initiates the best analytical approach to determine relationships, trends, and indications.
• Identifies and corrects data issues.
• Applies growing business knowledge to develop long term and short-term strategic business proposals and evaluate alternatives.
• Utilizes internal and external data and tools to design, enhance and initiate new actuarial analyses.
• Develops and trains actuarial staff with limited guidance.

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