Senior Actuarial Assistant (Pet Product Management)

About the role

At Physicians Mutual, we’re passionate about helping people and their pets live better, healthier lives. We are a young and growing Pet Insurance business seeking a curiosity-driven and analytically strong actuarial professional to support the development, pricing, and performance of our pet insurance products.

Responsibilities

• Perform experience studies across key drivers such as persistency, mortality, morbidity, and expenses to inform pricing and product decisions.
• Support product development efforts by evaluating design alternatives, underwriting strategies, and profitability scenarios.
• Build, maintain, and enhance actuarial models using tools such as Excel and ALFA to assess financial outcomes and risks.
• Prepare actuarial exhibits, reports, and analyses to support product filings, implementation, and ongoing performance monitoring.
• Partner cross-functionally with Product, Underwriting, Claims, Finance, and Marketing teams to deliver insights that guide business decisions.
• Assist in the development and validation of reserves, ensuring accuracy and compliance with actuarial standards.
• Conduct profit studies, financial projections, and cash flow testing to evaluate product performance and long-term sustainability.
• Aid in the development of re-rating actions, renewal strategies, and margin analysis to optimize product profitability.
• Contribute to the development of customer lifetime value (LTV) models to enhance marketing effectiveness and customer strategy.
• Translate complex data into clear, actionable insights for stakeholders across the organization.
• Maintain compliance with Actuarial Standards of Practice (ASOP) and ensure all work is well-documented and audit-ready.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.

Successful completion of at least three actuarial exams and active progress toward ASA designation.

Strong analytical and problem-solving skills, with the ability to work through complex datasets and modeling challenges.

Experience with actuarial and analytical tools such as Excel, ALFA, CASE, or similar modeling platforms.

Able to manage multiple priorities and deliver high-quality work within tight deadlines.

Strong attention to detail with a focus on accuracy, validation, and data integrity.

Effective communication skills, with the ability to present complex actuarial concepts to both technical and non-technical audiences.

A collaborative mindset and the ability to work across teams to influence outcomes and drive results.

Passion for continuous learning, innovation, and delivering measurable business value.

Qualifications

Technical aptitude, eagerness to learn the pet business and apply your curiosity to help grow our business is key.

Skills

Technical aptitude, eagerness to learn the pet business and apply your curiosity to help grow our business is key.

Benefits

While P&C or Pet Insurance actuarial experience is preferred, it isn’t required.

Pay

Competitive compensation package.

Schedule

Full-time position.