Actuary I Commercial Lines

Summary

Join our Commercial Lines Actuarial team and help drive data-informed pricing decisions that support profitable growth. We're seeking a motivated actuarial professional who combines analytical thinking, curiosity, and developing business acumen to solve complex business challenges. In this role, you'll contribute to pricing analyses, rate change initiatives, and strategic projects while building expertise in Commercial Lines insurance and advancing your actuarial career. You'll collaborate with experienced actuarial professionals and business partners, gain exposure to key business decisions, and continue progressing toward ACAS designation through meaningful, hands-on work.

What You'll Do

• Build Commercial Lines Expertise: Develop knowledge of insurance products, rating structures, key performance metrics, competitive dynamics, and the regulatory environment that influence pricing decisions.
• Support Pricing Strategy: Contribute to actuarial analyses that support rate changes and strategic business initiatives, including:
• Evaluating pricing for new and existing rating variables and coverages
• Quantifying the impact of rate and non-rate actions on growth and profitability
• Assessing how market, product, competitive, and economic changes influence pricing needs
• Generate Insights: Analyze data, interpret results, understand the limitations of data and assumptions, and contribute recommendations that support business decision-making.
• Apply Technical Skills: Use Excel and SQL to retrieve, manipulate, and analyze data, enhance existing queries, and support actuarial projects and pricing initiatives.
• Deliver Quality Work: Perform reasonability checks, validate results, identify potential issues, and take ownership of assigned deliverables while leveraging support and guidance as needed.
• Communicate Findings: Present analyses and recommendations through clear written communication, visualizations, and presentations to actuarial and non-actuarial audiences, including business partners and senior leadership.
• Collaborate Across Teams: Partner with actuarial colleagues and cross-functional stakeholders to support business objectives, improve processes, and contribute to team success.
• Support Continuous Improvement: Identify opportunities to enhance recurring processes, improve efficiency, and share knowledge with team members through collaboration and peer mentoring.
• Develop Professionally: Create effective documentation, apply feedback, expand actuarial expertise through hands-on experience, and continue progressing through CAS exams toward ACAS designation.

What You'll Bring

• 2-4 years of actuarial pricing or related experience and 2+ CAS exams passed. Candidates with Commercial Lines pricing experience are particularly encouraged to apply.
• Bachelor's degree or equivalent professional knowledge in a specialized field
• Excel proficiency and basic SQL coding knowledge, including the ability to edit existing queries and retrieve and manipulate data; stronger SQL skills are a plus
• Ability to complete pricing analyses with appropriate guidance, understand analytical limitations, and contribute to more complex projects and initiatives
• Ability to communicate technical findings effectively to actuarial and non-actuarial audiences, develop meaningful data visualizations, and support presentations to business partners and senior leadership
• Ability to manage multiple priorities and deliverables while effectively balancing deadlines and business needs
• Strong analytical thinking, curiosity, attention to detail, and a desire to continue developing actuarial and business expertise

Why Mapfre?

As a global insurance leader with a strong local presence, we offer more than a job- we provide a purpose-driven career where your growth, well-being, and impact truly matter.

Purpose & Culture: Join a company built on trust, collaboration, and inclusion. Our values guide everything we do, creating a workplace where people feel respected and empowered.

Career Growth: Advance your skills through tuition reimbursement, leadership programs, and internal mobility opportunities. Your development is our priority.

Social Responsibility: Contribute to meaningful initiatives through Fundación Mapfre, supporting communities and sustainability worldwide.

Pay Transparency: The typical starting salary range for this role is determined by several factors including skills, experience, education, certifications, and location. Some roles at Mapfre are eligible for commission and/or bonus earnings, in addition to salary, calculated based upon factors set forth in the compensation plan for the role.

Salary Range: $80,000- $95,000

Benefit Highlights:

At Mapfre, we invest in our employees' well-being by offering a comprehensive benefits package, including:

• Paid Time Off (PTO): A flexible PTO program that combines vacation, personal, volunteer and sick time into one convenient bank of paid time off.
• 401(k) & Profit Sharing: Eligible employees may participate in Mapfre's 401(k) plan that includes company matching contributions up to certain amounts under the terms of the plan.
• Medical, Dental and Vision Coverage: Choice of comprehensive medical, dental and vision insurance coverage under group plans offered by the company.
• Other Benefits Include: STD, LTD, Life Insurance, FSA, HSA and various wellness programs

Benefits provided are subject to the terms and conditions of the applicable benefit plan or policy. The Company reserves the right to alter, amend, or terminate benefits in its sole discretion. To learn more about our benefit offerings please visit: https://mapfre.gobenefits.net/

If you require a reasonable accommodation during the application or selection process, please contact the Mapfre Talent Acquisition team at talentacquisition@mapfre.com. Mapfre is proud to be an Equal Opportunity Employer.

Important Notice:

The information above is intended to provide a general overview of available benefits. Eligibility, plan provisions, and coverage are governed by the terms and conditions of the applicable benefit plans and policies, which may be modified from time to time. Pay Philosophy: The typical starting salary range for this role is determined by several factors including skills, experience, education, certifications, and location. Some roles at Mapfre are eligible for commission and/or bonus earnings, in addition to salary, calculated based upon factors set forth in the compensation plan for the role.

Salary Range $80,000 - $95,000

If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the Mapfre Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.

We are proud to be an equal opportunity employer.