Summer Actuarial Development Program Jobs in Texas

M Financial Group is a community of leaders comprising the best and brightest minds in our industry. By combining individuals’ expertise and skill, M Financial Group has become a powerful force committed to advancing the interests of our industry, communities, and clients for over 40 years. M’s solutions are rooted in the diverse expertise of our team, our collaborative approach to innovation and our comprehensive support. 

We embrace a progressive, dynamic mindset for every role. M Financial Group provides a professional community that actively supports individuals with diverse backgrounds and perspectives who come together to build and support best-in-class solutions. If you’re looking to be a part of a high-performing, collaborative, and dedicated team, M Financial Group is in search of our next Actuarial Associate to join our team. 

Summary:

Primary responsibilities will include supporting treaty administration work, assisting with the preparation and analysis of quarterly and annual statutory and GAAP reporting, contributing to reinsurance acceptance procedures, and supporting claims and reinsurance administration processes.

Responsibilities: 

Support reinsurance treaty work across the full lifecycle from pricing through administration 

• Assist with YRT pricing analysis, including rate development and assumption review 
• Coordinate upload of new treaties into reinsurance administration systems, ensuring accuracy of treaty terms, rate tables, and contract structures 
• Identify and debug treaty-related processing errors, including billing discrepancies, retention calculation issues, and extract anomalies 
• Perform data pulls and ad-hoc analyses to support treaty evaluations, carrier reporting, and internal review 

Assist with the preparation and analysis of quarterly and annual Statutory and GAAP reports 

• Validate the accuracy of reinsurance settlement statements 
• Update and maintain reinsurance reporting databases and automated tools 
• Develop controls and processes for new reporting requirements 
• Assist in updating corporate model, analyzing quarterly financial results, and explaining variances to senior management 
• Perform ALFA model projections to be used in financial reporting 
• Perform analysis on financial results to explain material and unique events 

Oversee claims and reinsurance administration processes 

• Assist with the validation of claims data against carrier settlement files to ensure accuracy and completeness 
• Provide support to reinsurers by responding to questions regarding our administration system and related processes 
• Ensure timely upload of carrier feed data and appropriate resolution of any errors or exceptions that arise 

Contribute to reinsurance acceptance procedures 

• Model products being considered for reinsurance 
• Analyze resulting economics to ensure that M’s financial targets are being met 
• Document and recommend acceptance of new products for reinsurance risk sharing

Qualifications: 

• Bachelor’s degree in actuarial science, mathematics, finance, economics, or related area 
• 2-3 actuarial exams completed towards the ASA designation from the Society of Actuaries 
• 1-3 years of actuarial experience 
• Excellent oral and written communication skills 
• Excellent MS Office software skills including Excel, Access, Word, and a strong ability to use the internet 
• Strong computer proficiency including installing software, using command line programs, and scheduling tasks 
• Experience automating tasks or analyzing data, preferably using Python or SQL 
• Excellent high-level mathematical and analytical skills 
• Ability to work independently, demonstrating initiative, drive, orientation to goal accomplishment, attention to detail and organizational skills 
• Ability to handle multiple, complex projects and deadlines simultaneously, and to reprioritize with little notice 
• Ability to establish and maintain effective working relationships with Carriers, Member Firms, and fellow M Team Members 
• Ability to interpret and implement complex instructions in many forms (written, oral, etc.) 
• Demonstrated ability to handle highly sensitive and confidential information

Job Conditions and Environment: 

• This position is based on-site at our offices in Uptown at the Quad in Dallas, TX with the flexibility to work one day per week remotely 
• Normal office environment/desk assignment 
• Extensive use of PC’s, computer terminal, display, keyboard, and mouse 
• Extensive hands-on work with documents, spreadsheets, and other written documents 
• Some travel (less than 10%)

This position description is not intended to be and should not be construed as an all-inclusive list of responsibilities, skills or working conditions associated with this position. While this description is intended to accurately reflect the position’s activities and requirements, management reserves the right to modify, add or remove duties as necessary.

M Financial is proud to be an equal opportunity workplace.

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