Actuary

Applicants must be a resident and work from one of the following states: WA, OR, ID, TX, OH, FL, SC, NC, or IL, with occasional travel to our headquarters in Seattle, WA.

About Us

At PEMCO, we’re all about people – our customers, our employees, and the community. We’re a mutual insurance company owned by our Northwest policyholders, providing auto, home, renters, and boat coverage. Recognized by Forbes as one of America’s Best Insurance Companies in both Auto and Home for 2026 and by Newsweek as one of America’s Greatest Midsize Workplaces 2025, we are consistently recognized for outstanding customer service, employee expertise, community partnerships, and social impact programs.

Our social impact programs motivate high achievement by youth in education; build stronger and greener communities; and increase safety at home, on the road, and at play. We’re committed to diversity, equity, inclusion, and belonging, fostering an inspiring and inclusive workplace that builds fairness, encourages collaboration, and celebrates differences.

About the Role

PEMCO has an opportunity for an Actuary to join our community. This position contributes to shaping our financial strategies and optimizing insurance products to adapt to changing market demands. Your analytical skills will leverage data-driven insights to refine decision-making and promote sustainable growth. Ideal for actuaries eager to learn and excel in pricing, reserving, and modeling within a collaborative environment.

Responsibilities

• Conduct internal loss reserving to track and analyze trends, ensuring financial stability and accurate forecasting.
• Employ advanced actuarial techniques for detailed pricing analysis, enhancing rate level and rating variable determinations.
• Innovate indication methodologies and streamline process automation.
• Assist in developing sophisticated actuarial models using predictive modeling and statistical analysis to drive insights and decision-making.
• Participate with business partners in product decisions and analyze associated impacts.
• Prepare regulatory filings aligned with company objectives and compliance standards.
• Provide feedback on the company’s annual forecast and inform business partners of emerging trends and potential risks.
• Proactively investigate and assess issues and trends in actuarial science.
• Act as a consultant for advanced skills in mathematics, statistics, and modeling.
• Demonstrate behaviors consistent with PEMCO's policies, values, code of ethics, and business conduct.
• Support the PEMCO brand and identify top talent to achieve our mission to Worry Less and Live More.
• Perform other duties as assigned.

Requirements

• B.A. or B.S. degree in Mathematics or equivalent (or equivalent work experience).
• 5 years of experience in property casualty actuarial work, with a focus on rate-making and broad knowledge of personal lines.
• Associate of the Casualty Actuarial Society (ACAS) certification.
• Strong technical aptitude and programming experience.

Skills

• Precision: Detail-oriented with a strong desire for accuracy and thoroughness.
• Problem Solver: Ability to analyze, diagnose, and resolve complex unstructured problems efficiently.
• MS Office: Skilled proficiency, especially in Excel.
• Actuarial Tools: Knowledge of mathematics, statistics, and modeling; proficiency in Python, R, SAS, and/or SQL. Experience with Radar, Emblem, or ResQ is advantageous.
• Highly Analytical: Passionate about working with disparate datasets, integrating data, and translating it into meaningful insights. Ability to collaborate with external vendors to build efficient and scalable infrastructure.
• Business Environment: Thorough understanding of the insurance industry, trends, and ability to adapt strategies to changing environments.

Pay

Compensation decisions are based on qualifications, job-related knowledge, skills, and experience.

• Greater Seattle area target pay range: $154,845–$189,255 (full range: $129,038–$215,063).
• Outside Greater Seattle area target pay range: $136,654–$167,022 (full range: $113,879–$189,797).

Greater Seattle Area is defined as working within approximately 100 miles of Seattle. Outside Greater Seattle is defined as working approximately 100 miles or more from Seattle.

Benefits

Regular part-time (24+ hours/week) and full-time employees are eligible for:

• Medical, dental, and vision coverage with generous employer premium cost shares.
• Employer-paid basic life and accidental death & dismemberment insurance.
• Long- and short-term disability benefit coverages.
• 401(k) plan with a 2-for-1 employer match on the first 6% of employee pre-tax and/or Roth deferrals (up to federal maximums).
• Vacation and eight paid holidays.
• Four floating holidays and up to ten days of sick leave immediately upon hire (prorated based on hire date and full-time/part-time status).
• Paid time off for bereavement, jury duty, and employee volunteering.
• Education Assistance Program after one year of service.
• Scholarship program for children of PEMCO employees after one year of service.
• Children’s birthday gift program.
• Flexible Spending Accounts, Employee Assistance Program, and charitable gift matching.
• Discretionary bonuses, tiered sales commissions, and/or incentives (depending on role, contributions, and performance).