MEM

Compensation

Full Description

Are you a data-driven problem solver with a passion for turning complex information into actionable insights? MEM Insurance is seeking an Associate Actuary to join our Actuarial team. In this role, you’ll use advanced analytics, financial modeling, and actuarial expertise to support strategic decision-making across the organization. You’ll collaborate with cross-functional teams, contribute to innovative projects, and help shape the future of our insurance products and services. At MEM, we don’t just value our customers—we value our people. We foster a culture of collaboration, innovation, and continuous learning. Join a team where your voice matters, your work makes a difference, and your growth is supported every step of the way. Essential Duties and Responsibilities: Rate Development & Reserving Lead rate level indications, class ratemaking, and competitor rate analysis. Recommend annual rate changes and support rate filings with actuarial exhibits and memoranda. Collaborate with compliance, underwriting, and data science teams to complete filings and respond to regulatory inquiries. Financial Modeling & Forecasting Design and maintain financial models to support financial statements and projections. Provide insights on trends and assumptions to guide strategic planning. Reinsurance Strategy Analyze reinsurance programs, including large loss reviews and catastrophe modeling. Collaborate with brokers and underwriting to optimize reinsurance structures. Analytics & Data Science Lead analytics projects using predictive and prescriptive modeling, machine learning, and statistical techniques. Translate complex data into actionable insights through storytelling and data visualization. Mentor others in analytics methodologies and tools. Actuarial Consultation & Business Support Provide actuarial support for M&A activity, new product development, and geographic expansion. Partner with sales and underwriting to develop pricing tools and risk placement strategies. Model and recommend dividend strategies. Cross-Functional Leadership Serve as a subject matter expert on corporate initiatives. Manage engagements with external consultants and actuaries. Present findings to stakeholders in clear, business-friendly language. Team Development Mentor and train team members on actuarial practices and analytics. Perform technical and peer reviews to ensure quality and accuracy. Qualifications: Education: Bachelor’s degree in Mathematics, Statistics, Finance, Economics, Insurance, or a related field. Certifications: Associate of the Casualty Actuarial Society (ACAS) required. Experience: 4+ years of actuarial experience in the property and casualty insurance industry. 2+ years of Workers’ Compensation experience strongly preferred. Experience working independently and collaboratively in a team environment. Company Culture and Values: At MEM Insurance, we are committed to our mission of protecting people and empowering businesses. We believe in doing the right thing, always. Our culture is built on trust, transparency, and teamwork. We encourage innovation, celebrate diversity, and invest in our employees’ growth and well-being. When you join MEM, you’re not just joining a company—you’re joining a community that cares. Total Rewards Overview: Health Plans: Medical, Dental, and Vision Fertility benefits and fully paid preventative care Adult orthodontia and other enhanced dental treatments Fully Employer-Paid Life and Disability Benefits: Life Insurance – three times base salary Accidental Death and Dismemberment Short and Long-term Disability Wellness & Recognition: Employee Wellness and Recognition Program with incentives for employees and spouses Flexible Spending & Savings: Flexible Spending Account and Dependent Care options Health Savings Account with generous employer contribution Time Away from Work: Generous PTO accruals 11 Holidays and 4 Early releases 16 Hours of Volunteer Time Off 20 days of paid parental leave (in addition to STD) Marriage, Bereavement, and Jury Duty leave policies Additional Benefits: Employee Assistance Programs 401k Retirement Plan with employer match and profit sharing Adoption Assistance Tuition Assistance Ready to bring your actuarial expertise to a company that values your impact? Apply today and grow your career with MEM Insurance.