Actuary I

Medica is seeking an Actuary I to join our Actuarial Services team in Minnetonka, MN. This role provides analytical support in the areas of pricing, forecasting, reserving, and financial reporting.

• Assist in the preparation of financial models, pricing structures, and reserve estimates to support business decisions.
• Perform data analysis and validation using actuarial and statistical techniques.
• Contribute to the development of reports, exhibits, and presentations for leadership and regulatory bodies.
• Support actuarial projects related to product development, trend analysis, and risk management.
• Ensure accuracy and compliance with actuarial standards, regulatory requirements, and Medica policies.
• Collaborate with cross-functional teams including Finance, Underwriting, and Product Development.
• Continue professional development through actuarial exams and on-the-job learning.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field.
• Successful completion of at least one Society of Actuaries (SOA) exam.
• Strong analytical, problem-solving, and critical-thinking skills.
• Proficiency with Microsoft Excel; experience with SQL, SAS, R, or Python is a plus.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a collaborative team.

This position is an Office role, which requires an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week.

The full salary range for this position is $55,400 - $95,000. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.