Associate Actuary

Overview

This role is for an Associate Actuary responsible for actuarial work that supports enterprise-wide projects, strategies, and long-term stability. The position involves close collaboration with a team of actuaries and analysts, as well as regular partnership with internal stakeholders.

Work directly supports efforts to serve Oregon’s workers and employers by helping establish rates, maintain adequate reserves, produce forecasts, and ensure the financial strength needed for long-term stability.

Responsibilities

• Participate in and lead actuarial work to identify and solve complex problems that impact business management and direction, including:
  • Development of reasonable loss and loss adjustment expense reserves
  • Preparation of inputs to annual and quarter financial statements and related filings, and participation in regulatory audits
  • Development and filing of rate recommendations; maintain pricing and rate adequacy monitoring tools
  • Conduct trend and market analysis research and provide support/consult to Underwriting for individual account pricing and technical underwriting guideline development
  • Update and maintain financial forecasts, dividend models, capital models, and surplus analyses
  • Complete supporting documentation and communication, including the Own Risk Solvency Assessment (ORSA)
  • Support the reinsurance program and monitor reinsurance coverage, including claim reporting, commutations, and financial reporting
  • Support the NCCI financial data call process, including calculating data anomalies and communicating with NCCI to explain data and answer questions
  • Conduct and guide research and analysis to inform strategic priorities; advise management on methods and applications for actuarial analysis
  • Design and execute data analysis and provide support to external and internal customers, including auditors, reinsurers, reinsurance brokers, the appointed actuary and staff, executive leadership, and the board of directors
  • Monitor external information sources for developments affecting operations and strategies (e.g., regional business conditions, competitors, demographics, legal/regulatory changes, and medical costs, utilization, treatment patterns and practices, medical outcomes, and healthcare policy)
  • Assess potential impacts and assist in preparing recommendations to inform management response
  • Stay current on trends and innovations in casualty actuarial work related to pricing, reserving, workers’ compensation, and related areas
  • Work with the Data & Analytics function to monitor and inform data integrity and incorporate analytics into decision-making
  • Coach other staff on standard actuarial procedures; provide peer review of actuarial work performed by others
  • Support training and professional development through mentoring/coaching, identifying training needs, and providing feedback to division leadership to support performance management processes
  • Model sensitivity and effective teamwork across cultural norms, expectations, and communication styles; collaborate with others who have different perspectives, backgrounds, and/or work styles

Requirements

• Five or more years of actuarial experience, including at least one year of workers’ compensation experience
• Bachelor’s degree in actuarial science, mathematics, economics, finance, or a related field and membership in the Casualty Actuarial Society
• Continued progress toward or maintenance of membership in the Casualty Actuarial Society in accordance with the guidelines established by SAIF’s Actuarial Study and Professionalism Program
• ACAS credential
• Other combinations of skills and experience may be considered

Preferred Qualifications

• Highly motivated self-starter with actuarial experience and strong collaboration, strategic communication, and comfort with analytics and challenges

Compensation & Benefits

• Compensation Grade: 35
• Typical hiring range (annual): $133,182 - $156,685
  • Pay range is annually based on a full-time schedule; actual compensation determined using factors such as experience, skills, training, certifications & education
• Full salary range (annual): $117,515 - $195,855
• Benefits (for employees working at least 20 hours per week): health care, retirement savings plans, paid time off, and more
  • Eligibility and cost can vary based on regularly scheduled hours and job status (regular full-time, regular part-time, seasonal, or temporary)

Location / Remote Work

• Remote candidates are eligible.
• Due to state restrictions, some locations are not able to be hired as remote candidates.
• Remote workers may be required to travel to offices in Salem, Oregon, around two times annually.

Application Details

• Submit a resume with a cover letter by the close of this recruitment.
• Recruitment closes: Thursday, November 5, 2026.
• If a sufficient number of qualified applications are received, the recruitment may close early.

Equal Opportunity

The employer is an Equal Opportunity Employer that values diversity in its workplace.

Veterans

Preference is provided to qualifying and disabled veterans.