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Actuarial Analyst (Reserving) at Palomar in Edina, MN
Skills
Job Description
Why choose Palomar?
Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.
Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.
Want to learn more about our exciting journey? https://ir.plmr.com/corporate-profile/default.aspx
We are Hiring!
Actuarial Analyst (Reserving)
Location: La Jolla, CA; Edina, MN
The Details:
We are seeking a driven, curious, and adaptable Actuarial Analyst to join our reserving team. The strongest candidates are problem solvers who enjoy working with data, pick up new methods quickly, and shift their approach to whatever best solves the problem rather than anchoring on a single tool. You will work closely with a small, collaborative team and grow across reserving, loss analytics, and claims integration.
What will you do:
- Support the quarterly company reserve analysis in Arius, including data preparation, analysis, and diagnostics.
- Contribute to IBNR estimation and segmentation by coverage and tail length.
- Help surface loss and claims signal between the quarterly cycles.
- Provide reinsurance analytical support.
- Nurture feedback loop between Reserving and Pricing functions.
- Support claims integration and data quality and internal data asset development.
- Take on research, process improvement, and new analysis and tooling as needs shift.
What we are looking for:
- Bachelor's degree in mathematics, statistics, or actuarial science preferred
- Actuarial exams underway, typically about three passed, with a desire to work toward the ACAS and/or FCAS credential
- Typically about three years of actuarial or similar analytical experience, with strong potential weighted alongside
- Curiosity, adaptability, and a bias to learn new tools and methods
- Experience in the finance or insurance industries is a plus
We love people who want to:
- Build strong relationships through transparency, trust, and respect for each other.
- Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
- Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
- Do the right thing with strong conviction and integrity.
- Be bold and innovative to help make an impact.
- Demonstrable track record of working autonomously and driving progress.
- Be intellectually curious, think creatively, and pragmatic.
If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!
What will you get in return?
- Full Suite of Medical Benefits
- Long Term Financial Incentives – STOCK!
- 401k with 3.5% Automatic Fully Vested Employer Contributions
- Competitive PTO + Holiday Program
- Lifestyle Spending Allowance
- Professional Development Assistance
- Career Exploration Opportunities
- Regular company-wide social events (even virtually!)
- To learn more visit us at http://www.plmr.com
Diversity at Palomar
At Palomar, we are committed to diversity, equality and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.
We believe that diversity, equality and inclusion yields greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them.
#PalomarPride #Insurancejobs #hiring
Accommodations:
Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.
For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.
No phone calls or agency solicitation please
Pay Range: $80,000 - $142,000 + Bonus Potential & Participation in our Competitive Long-Term Incentive (LTI) Program.
The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above.