Actuarial Associate

About the role

M Financial Group is a community of leaders committed to advancing the interests of our industry, communities, and clients. We seek to hire an Actuarial Associate who can support our treaty administration, assist with statutory and GAAP reporting, and contribute to reinsurance acceptance procedures.

Responsibilities

• Support reinsurance treaty work across the full lifecycle from pricing through administration
• Assist with YRT pricing analysis, including rate development and assumption review
• Coordinate upload of new treaties into reinsurance administration systems, ensuring accuracy of treaty terms, rate tables, and contract structures
• Identify and debug treaty-related processing errors, including billing discrepancies, retention calculation issues, and extract anomalies
• Perform data pulls and ad-hoc analyses to support treaty evaluations, carrier reporting, and internal review
• Aid in the preparation and analysis of quarterly and annual Statutory and GAAP reports
• Validate the accuracy of reinsurance settlement statements
• Update and maintain reinsurance reporting databases and automated tools
• Develop controls and processes for new reporting requirements
• Analyze quarterly financial results and explain variances to senior management
• Perform ALFA model projections to be used in financial reporting
• Contribute to reinsurance acceptance procedures
• Model products being considered for reinsurance
• Analyze resulting economics to ensure that M’s financial targets are being met
• Document and recommend acceptance of new products for reinsurance risk sharing
• Assist with claims and reinsurance administration processes
• Support the validation of claims data against carrier settlement files to ensure accuracy and completeness
• Respond to questions regarding our administration system and related processes
• Ensure timely upload of carrier feed data and appropriate resolution of any errors or exceptions that arise

Qualifications

• Bachelor’s degree in actuarial science, mathematics, finance, economics, or related area
• Completed 2-3 actuarial exams towards the ASA designation from the Society of Actuaries
• At least 1-3 years of actuarial experience
• Excellent oral and written communication skills
• Proficiency in MS Office software including Excel, Access, Word
• Strong computer proficiency including installing software, using command line programs, and scheduling tasks
• Experience automating tasks or analyzing data, preferably using Python or SQL
• Excellent high-level mathematical and analytical skills
• Ability to work independently, demonstrate initiative, drive, orientation to goal accomplishment, attention to detail, and organizational skills
• Ability to handle multiple, complex projects and deadlines simultaneously, and to reprioritize with little notice
• Ability to establish and maintain effective working relationships with carriers, member firms, and fellow M Team Members
• Ability to interpret and implement complex instructions in various forms (written, oral, etc.)
• Demonstrated ability to handle highly sensitive and confidential information

Job Conditions and Environment

• Based on-site at our offices in Uptown at the Quad in Dallas, TX with the flexibility to work one day per week remotely
• Normal office environment/desk assignment
• Extensive use of PC’s, computer terminal, display, keyboard, and mouse
• Extensive hands-on work with documents, spreadsheets, and other written documents
• Some travel (less than 10%)