Actuarial Analyst II

Actuarial Analyst

Our actuarial services division plays a vital role in SAIF's mission to serve Oregon's workers and employers by making workers' compensation coverage widely available and affordable, while providing exceptional customer service. This team works directly with business partners to help establish rates, maintain adequate reserves, produce forecasts, and ensure our long-term stability.

As our new actuarial analyst, you will help with the quarterly reserving analysis, play a key role in the financial call analysis, partner with other departments on a variety of projects, and assist with other regulatory reporting.

The ideal candidate will be in the early stages of their actuarial career with at least a few years of actuarial insurance experience. Experience in workers' compensation insurance would be welcome but not required. Candidates should bring a firm understanding of the foundations of actuarial pricing and reserving work.

You'll join a seasoned team of actuaries and analysts in a fast-paced work environment that will provide the opportunity to gain experience in areas you might not get exposure to while working on a larger actuarial team.

If you are an intellectually curious and independent worker who likes to take on new challenges and find innovative ways to improve processes, we invite you to apply today.

This position is open to remote candidates, however, due to some state restrictions there are some locations that SAIF is not able to hire remote candidates. Remote workers may be required to travel to SAIF's offices in Salem, Oregon, in rare circumstances.

Responsibilities

• Assist in determining reserves for medical and indemnity losses, loss adjustment expenses, other miscellaneous loss reserving items, and retrospective premium reserves.
• Assist with preparation of reports, schedules, and other documents in support of the creation of SAIF's annual and quarterly financial statements and other key reports.
• Assist in determining appropriate rate levels and monitor pricing adequacy for SAIF's overall book of business and SAIF's major individual accounts such as state agencies, groups and / or trade associations.
• Assist with analysis to support SAIF's pricing and market strategy including trend analysis, tool support, frequency & severity studies, and rate filing preparation.
• Assist in updating and maintaining SAIF's economic capital model, expense allocation model, and dividend model. Assist in determining capital adequacy using an enterprise risk management framework.
• Support the NCCI financial data call process, including calculating any data anomalies and communicating with NCCI to explain SAIF's data and answer questions.
• Provide data and support to various external and internal customers, including external and internal auditors, reinsurers and reinsurance brokers, SAIF's appointed actuary and staff, and SAIF's executive leadership team and board of directors.
• Monitor external information sources for developments that may affect SAIF's operations and strategies, including such areas as regional business conditions, competitors, demographics, legal or regulatory changes, and medical costs, utilization, treatment patterns and practices, medical outcomes, and healthcare policy. Assess potential impacts, and present recommendations on possible responses for management consideration.
• Periodically conduct various studies that would enhance the underlying loss reserving, pricing and capital modeling.
• Serve as a consultant and resource for internal and external business information, pro-active problem resolution, and the application of analytical techniques.
• Work closely with Information Services staff to determine customer reporting needs, assist in the development and testing of reports for quality assurance, correct any deficiencies, and maximize utilization of available technology.
• Continued progress towards membership in the Casualty Actuarial Society and increasing demand of standard actuarial procedures.
• Explore diverse perspectives and consistently behave sensitively toward differences in cultural norms, expectations, and ways of communicating. Work effectively with others who have different perspectives, backgrounds, and / or work styles.

Additional Functions

Recommended Qualifications

Next Step

To receive consideration, please submit your resume with a cover letter by the close of this recruitment. We want your submission to count, so be sure it's complete.

This recruitment will close on September 8, 2025. If a sufficient number of qualified applications are received this recruitment may close early.

Typical hiring range : $91,507 - $107,655. The pay range for this position is annually based on a full-time schedule. Actual compensation will be determined using factors such as experience, skills, training, certifications & education.

SAIF provides a wide range of benefits to employees who work at least 20 hours per week, including health care, retirement savings plans, paid time off, and more. For additional information about SAIF's total rewards, visit our website.

We provide preference to qualifying and disabled veterans. For more information please visit.