Sr Actuarial Analyst

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Job Overview

SAIF is currently seeking a Senior Actuarial Analyst to join their dynamic team. This role goes beyond mere number crunching, positioning actuaries as integral to SAIF’s broader mission and operational strategies. The position is designed for individuals who have a combination of actuarial experience and strong collaboration skills.

Company Mission

SAIF has been a longstanding champion of workplace safety and employee welfare since its inception in 1914. Its primary mission is to provide comprehensive workers’ compensation coverage and support injured workers, focusing on making such coverage widely available and affordable for all Oregonians. The culture emphasizes collaboration, creativity, and critical thinking in driving the company’s goals.

Key Responsibilities

As a Senior Actuarial Analyst, you will not be working in isolation. Instead, your role will immerse you in collaborative work with seasoned actuaries and analysts in a fast-paced environment where your insights will impact key decisions across the organization. Generally, you can expect to:

• Develop reasonable loss and loss adjustment expense reserves.
• Prepare annual and quarterly financial statement inputs and regulatory compliance documents.
• Create and file sound rate recommendations, use pricing monitoring tools, and support underwriting processes.
• Maintain SAIF’s financial forecasts, capital models, and dividend models.
• Support and oversee SAIF’s reinsurance activities and financial repercussions.
• Engage in research and analysis to inform strategic recommendations and priorities.
• Present findings and collaborate with stakeholders, including senior executives, auditors, and external partners.

These responsibilities are vital not only for complying with regulatory mandates but also to assist in relevant decision-making processes that affect organizational stability and customer satisfaction.

Required Skills and Qualifications

The position demands a strong actuarial foundation, ideally within the workers’ compensation insurance sector. The minimum qualifications include:

• A bachelor’s degree in actuarial science, mathematics, economics, finance, or a related field.
• At least four years of actuarial experience, specifically in reserving, pricing, or financial modeling.
• Progress toward or maintenance of membership in the Casualty Actuarial Society is essential, indicating continuous learning and professional development.

SAIF is looking for someone who is also a strategic communicator, capable of navigating complex problems and effectively collaborating with diverse internal teams and external stakeholders. The ability to coach others in actuarial procedures is also highlighted as an important aspect of this role.

Work Environment

This position is marked as full-time and offers the flexibility of remote work, subject to state restrictions. Candidates should be prepared for potential minimal travel to the Salem, Oregon office, depending on needs. SAIF aims to maintain a performance-driven culture while also recognizing the unique contributions of each team member. The impact of this role is designed to resonate throughout the state of Oregon, with decisions affecting wide-ranging sectors and stakeholders.

Compensation and Benefits

The salary range for the Senior Actuarial Analyst position is quite competitive, set at $119,650 to $140,765 per year. This compensation is reflective of a full-time work schedule and factors such as experience and educational background. Regarding benefits, SAIF extends various offerings for employees who work at least 20 hours per week, including:

• Health care benefits.
• Retirement savings plans.
• Paid time off and other employee benefits.

There is a mention of a full salary range that goes as high as $175,955 for this role depending on qualifications. Additionally, preferences are provided to qualifying veterans, which showcases SAIF's commitment to diversity and inclusion in hiring practices.

How to Apply

Job seekers interested in this position should prepare to submit their resumes alongside a cover letter before the recruitment closes on February 6, 2026. Timeliness is crucial as the position may be closed early, depending on the volume of qualified applications. The importance of providing comprehensive application materials is emphasized to ensure consideration.

Conclusion

In summary, the Senior Actuarial Analyst position at SAIF stands as an excellent opportunity for seasoned actuaries looking to leverage their skills in a meaningful way that promotes workplace safety and welfare. The collaborative and impactful nature of the work, alongside competitive compensation and a commitment to diversity, makes SAIF a desirable employer in the actuarial sector.

This job offer was originally published on himalayas.app