Pet Product Jobs (NOW HIRING)

At Physicians Mutual, we’re passionate about helping people and their pets live better, healthier lives. We are a growing Pet Insurance business. We’re looking for a curiosity-driven and analytically strong actuarial professional to support the development, pricing and performance of our Pet Insurance products.

As the Senior Actuarial Assistant (Pet Product Management), you’ll play a key role in shaping product strategy through data-driven insights, actuarial modeling and cross-functional collaboration. This role sits at the intersection of actuarial science, product management and business strategy — helping ensure our products are competitive, financially sound and aligned with customer needs. While P&C or Pet Insurance actuarial experience is preferred, it isn’t required. Technical aptitude, eagerness to learn the pet business and apply your curiosity to help grow our business is key.

• Perform experience studies across key drivers such as persistency, mortality, morbidity and expenses to inform pricing and product decisions.
• Support product development efforts by evaluating design alternatives, underwriting strategies and profitability scenarios.
• Build, maintain and enhance actuarial models using tools such as Excel and ALFA to assess financial outcomes and risks.
• Prepare actuarial exhibits, reports, and analyses to support product filings, implementation and ongoing performance monitoring.
• Partner cross-functionally with Product, Underwriting, Claims, Finance and Marketing teams to deliver insights that guide business decisions.
• Assist in the development and validation of reserves, ensuring accuracy and compliance with actuarial standards.
• Conduct profit studies, financial projections and cash flow testing to evaluate product performance and long-term sustainability.
• Support re-rating actions, renewal strategies and margin analysis to optimize product profitability.
• Contribute to the development of customer lifetime value (LTV) models to enhance marketing effectiveness and customer strategy.
• Translate complex data into clear, actionable insights for stakeholders across the organization.
• Maintain compliance with Actuarial Standards of Practice (ASOP) and ensure all work is well-documented and audit-ready.

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or a related field.
• Successful completion of at least three actuarial exams and active progress toward ASA designation.
• Strong analytical and problem-solving skills, with the ability to work through complex datasets and modeling challenges.
• Experience with actuarial and analytical tools such as Excel, ALFA, CASE or similar modeling platforms.
• Ability to manage multiple priorities and deliver high-quality work within tight deadlines.
• Strong attention to detail with a focus on accuracy, validation and data integrity.
• Effective communication skills, with the ability to present complex actuarial concepts to both technical and non-technical audiences.
• A collaborative mindset and the ability to work across teams to influence outcomes and drive results.
• Passion for continuous learning, innovation and delivering measurable business value.

Why Join Us

This is a high-impact opportunity to contribute to a growing line of business while advancing your actuarial career. You’ll gain exposure to end-to-end product development, work alongside experienced leaders and play a meaningful role in delivering products that make a difference for our customers and their pets.

About Us

Health. Life. Retirement. The Physicians Mutual family empowers people from all walks of life to enjoy the financial security they deserve. That’s what Insurance for all of us® is about.

The Physicians Mutual family includes Physicians Mutual Insurance Company, Physicians Life Insurance Company and Physicians Select Insurance Company. Physicians Mutual offers reliable dental and supplemental health insurance, and pet insurance. Physicians Life provides important life insurance, Medicare Supplement insurance and coverage for funeral pre-planning. Physicians Select Insurance Company additionally offers exclusive Medicare Supplement insurance.

Since our start in 1902, our dedication to delivering on our promise has helped make us one of the nation’s leading health and life insurance providers. In fact, we are rated in the top 1% of insurance companies. We consistently maintain some of the highest financial strength ratings in the nation from independent insurance analysts, including A.M. Best Company and Weiss Ratings, ensuring we’ll be there for our policyowners and our employees far into the future.

But the achievement we’re most proud of? We have a 95% customer satisfaction rating — a true sign of a company dedicated to embodying its vision.