Compensation Grade: 33

Job Description

At SAIF, actuaries are more than our numbers people.

Their work is the thread that binds together our enterprise-wide projects, strategies, and mission. Heavily relied-upon for their creativity and expertise, this team has the autonomy to work directly with business partners to help establish rates, maintain adequate reserves, produce forecasts, and ensure long term stability.

As our new senior actuarial analyst, you'll play a vital role in SAIF's mission to serve Oregon's workers and employers by making workers' compensation coverage widely available and affordable, and by providing extraordinary service. We're looking for a highly motivated self-starter with actuarial experience, but just as importantly, we're seeking a collaborative teammate, strategic communicator, seeker of challenges and opportunities, and champion of analytics.

Your work won't be done in isolation. You will work closely with a seasoned team of actuaries and analysts in a fast-paced, high pressure environment and collaborate regularly with partners across the company. You will work directly with senior executives and influence critical work for our customers, board members, regulators, and other stakeholders. The impact and visibility of your work could reach the four corners of the state and beyond.

We are hiring for two positions: one senior actuarial analyst and one associate actuary. Candidates interested in either position should apply to this opening. The responsibilities and qualifications outlined in this posting are for a associate actuary; however, we considering candidates with less experience to fill our senior actuarial analyst role.

Note: 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:

Development of reasonable loss and loss adjustment expense reserves.
Preparation of various inputs to the annual and quarter financial statements and related filings and participation in regulatory audits.
Development and filing of sound rate recommendations, maintenance of SAIF's pricing and rate adequacy monitoring tools, conducting trend and market analysis research, and providing support to Underwriting on individual account pricing and the development of technical underwriting guidelines.
Updates to and maintenance of SAIF's financial forecasts, dividend models, capital models, and surplus analyses. Completion of supporting documentation and communication including the Own Risk Solvency Assessment (ORSA).
Support for SAIF's reinsurance program and monitoring of reinsurance coverage including claim reporting, commutations, and financial reporting.
NCCI financial data call process, including calculating any data anomalies and communicating with NCCI to explain SAIF's data and answer questions.
Conduct research and analysis that contributes to recommendations that inform strategic priorities related to actuarial analysis and planning.
Participate in the design and execution of data analysis, and support to various external and internal customers, including 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 assist with the preparation of recommendations to inform management response.
Stay abreast of trends and innovations in the casualty actuarial profession related to pricing, reserving, workers' compensation, and related areas.
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 the Data & Analytics function to monitor and inform data integrity and incorporate the use of analytics to inform decisions.
Coach others in the use and interpretation 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:

Perform other duties as assigned by management to support team objectives and organizational goals, demonstrating flexibility and adaptability in responding to evolving priorities and needs.

Recommended qualifications:

Four years of actuarial experience, including experience supporting actuarial reserving, pricing, or financial modeling in the insurance industry. Experience in workers' compensation insurance strongly preferred.
A bachelor's degree in actuarial science, mathematics, economics, finance, or a related field. Continued progress towards or maintenance of membership in the Casualty Actuarial Society in accordance with the guidelines established by SAIF's Actuarial Study and Professionalism Program. Progress towards membership in the Casualty Actuary Society including completion of CAS exam 5 or exam 6.
Other combinations of skills and experience may be considered.

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 Friday, February 6, 2026.

If a sufficient number of qualified applications are received this recruitment may close early.

Compensation & Benefits

Typical hiring range: $119,650 - $140,765. 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 at: Total rewards (saif.com)

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, seasonal, or temporary employment.

Full salary range: $105,575 - $175,955

Veterans

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

About us

Since 1914, SAIF has been taking care of injured workers, helping people get back to work, and keeping rates low by focusing on workplace safety. Together with our partners, we strive to make Oregon the safest and healthiest place to work.

For questions related to this job, please reach out to us at jobs@saif.com.

SAIF is an Equal Opportunity Employer that values diversity in its workplace.

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