Launch your actuarial career with Federated Rural Electric Insurance Exchange in Shawnee, KS. We are looking for a full-time, on-site Actuarial Analyst to support the company's loss reserving and rate-making processes. You will primarily contribute to pricing projects, qualitative and quantitative data analysis and aiding in the loss reserve process-all in a flexible, member-focused environment.

Ready to make an impact? Apply today.

WHY SHOULD YOU JOIN US?

Ideal candidates are professionals with 1-3 years of pricing and analytical experience or recent graduates pursuing actuarial credentials (CAS or SOA) with 1-3 exams passed. The starting salary is $75,000, which is negotiable based on experience, plus a comprehensive benefits package that brings real value to your total compensation. We are proud to offer one of the strongest benefits packages in the KC Metro area-designed to support your well-being, financial security, and long-term success. Here's what you can expect:

• 100% of the employee-premium in a High-Deductible Health Plan (HDHP), with employees contributing toward dependent coverage
• Health Savings Account (HSA) plus contribution
• Dental benefits, 100% premium covered
• Vision benefits, 100% premium covered
• Life insurance coverage at 3X annual salary
• Long-term disability coverage at 66 2/3 of current salary, fully paid
• 401(k) contributions up to 6% with immediate 100% vesting
• Fully funded retirement contribution of 9% of annual salary, fully vested after 4 years
• Free on-site fitness and exercise facility
• Educational and professional development assistance
• Charitable contribution match

WHO ARE WE?

Federated Rural Electric Insurance Exchange is the leading provider of property and casualty insurance for rural electric cooperatives in the U.S.A. Our primary goal is to offer our members affordable coverage over the long term, so they can focus on serving their communities and making them better, safer, and more vibrant places to live. Federated Rural Electric is committed to working with our member cooperatives to provide superior, value-oriented insurance programs with a focus on safety, service and stability. Join us!

WHAT'S YOUR DAY LIKE?

As an Actuarial Analyst at Federated Rural Electric Insurance Exchange, you will play a critical role in providing actuarial support while developing a deep understanding of both actuarial principles and our company systems. Your responsibilities will encompass assisting with the internal reserving process, where you'll analyze loss reserves and project IBNR reserves using various actuarial techniques. Additionally, you'll be involved in the actuarial processes related to rate filings for various lines of business, including our All-Risk Blanket (ARB) and Workers' Compensation (WC) policies. This will involve annually reviewing rating programs to ensure that rates across all states are actuarially sound and preparing necessary rate filings.

Furthermore, you will assist in preparing Schedule P for the NAIC Annual Statement and conducting internal loss analyses as needed. Join us to enhance your skills and contribute to our dedication to excellence and member-focused service in a supportive environment.

WHAT ARE THE HOURS FOR AN ACTUARIAL ANALYST?

This is a full-time position in an office setting with standard working hours from 8:00 AM to 4:30 PM, Monday through Friday. However, we also offer modified work schedules to fit the needs of our team.

WHAT YOU NEED TO BE SUCCESSFUL

To thrive as an Actuarial Analyst at Federated Rural Electric Insurance Exchange, you will need a combination of technical skills and personal attributes. A foundational requirement is passing 1-3 actuarial exams, indicating your commitment to the profession. You should possess proficiency in Excel and Word, with the ability to create and maintain intricate spreadsheets while demonstrating meticulous attention to detail. The role encourages you to learn the actuarial Code of Professional Conduct and remain dedicated to preparing for Casualty Actuarial Society examinations as time permits.

Successful candidates will excel in both teamwork and independent settings, adept at meeting tight deadlines. You'll also need to think creatively and analytically, actively making suggestions for process improvements. Flexibility and responsiveness are crucial, especially when juggling multiple priorities or navigating stressful situations. With these skills, you can contribute significantly to our mission of providing exceptional actuarial support within a dynamic and customer-focused environment.

MAKE YOUR MOVE

Applying is a snap - just follow the instructions on this page. We look forward to hearing from you!