Job Description

About Physicians Insurance

Physicians Insurance was founded in 1981 under the auspices of the Washington State Medical Association. Physicians believed then, as they do now, that they would get better service and outcomes from a company that they owned, rather than from a giant, national firm with no local presence.

Since then, other insurance carriers have entered and left the market, but Physicians Insurance has remained the stable, committed, and local insurer for physicians, clinics, facilities, and hospitals. For more than 40 years, the company has experienced steady growth and has built a strong financial base by delivering unwavering protection, empathetic expertise, financial strength, and guidance to our Members when they need it most.

Today, Physicians Insurance serves more than 8,500 both in its home region of the Pacific Northwest and across the country, providing MPL coverage, risk-management consulting, continuing medical education, and claims support. The company is rated A- (Excellent) by A.M. Best Company*.

Physicians Insurance maintains corporate headquarters in Seattle with remote offices in additional states. We are proud to have a long history of excellent operating results and are dedicated to living our values of expertise, commitment, and putting people first.

*A.M. Best's ratings are on a scale from A++ (superior) down to D (poor), with even lower ratings for companies under regulatory supervision or in liquidation.

Position Summary:

The AVP, Actuary is responsible for the implementation of actuarial techniques and analysis including reserving, rating, pricing, and planning/forecasting while ensuring data quality and integrity. This role will collaborate with business partners and leadership to execute strategic and operational initiatives and provide analytical insights and recommendations.

Key Functions:

Responsibilities include but are not limited to the following:

• Support the pricing of complex accounts, experience rated accounts, and assumed reinsurance programs
• Monitor, compile, and report on loss reserves, loss development and rate adequacy across products and geographies
• Perform risk modeling and profitability analysis for both primary and reinsurance
• Support the CFO with regards to financial matters, forecasting, and strategy
• Serves as a subject matter expert having frequent interactions with leadership providing consultation and clarification on actuarial models and risk issues, as well as presenting to the Executive team and Board of Directors
• Actively seek to improve existing processes, tools, and reporting, with a focus on creating efficiency and exploring new relevant technologies (i.e., predictive analytics within pricing and risk modeling)
• Represent company to regulators and AM Best
• Perform other duties and/or responsibilities as required

Requirements / Qualifications:

• Bachelor's degree in Math, Finance, Actuarial Sciences, Statistics or related field
• ACAS or FCAS designation strongly preferred
• 7+ years of actuarial experience medical and hospital professional liability
  
• Strong communication skills with demonstrated ability to collaborate, influence and articulate complicated information that is understandable and fact based to a non-technical audience
• Strong financial, analytical, and problem-solving skills with the ability to effectively resolve complex problems in a timely fashion
• Capable of balancing multiple concurrent, high priority projects within time constraints allowed
• Able to work independently and prioritize daily work priorities while bringing project to conclusion on time.
• Strong written communication skills with the ability to provide concise reports, referrals and summaries to the leadership team
• Excellent interpersonal skills with the ability to present effectively to large or small groups.
• Demonstrated technical ability to work with Microsoft Office
• Excellent planning, time management, and prioritization skills
• Strong commitment to customer service, quality, and working in a collaborative team environment

The salary range for this position is $175,000 to $279,900. Starting salary is determined by several factors, including job-related skills, experience, and relevant education or training. This position is also eligible for an annual company bonus at an incentive target level of 20%.

We also offer a comprehensive benefits program, including a generous retirement program and Paid Time Off. Please visit ( Insurance - A Mutual Company ( for detailed benefit descriptions.

At Physicians Insurance, you'll find an exceptional hybrid work environment, and the opportunity to work for an industry leader whose programs have a positive impact on insurance and healthcare.

OUR PURPOSE

To protect, defend, and support our Members.

OUR VALUES

People-First - we treat everyone with respect and empathy.

Expertise - we strive to be the best at what we do.

Commitment - as a mutual company, we are accountable and dedicated to our Members and to each other.

To protect, defend, and support our Members.

Job Tags

Remote job, Full time, Work at office, Local area,

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