Best Buy · 9 months ago
Actuarial Analyst
United States
Full-time
Remote
Entry, Mid Level
$68K/yr - $121K/yr
2+ years expBest Buy is a company committed to enriching lives through technology. The Actuarial Analyst will provide critical analytics and cost management on warranty reserves, drive innovative product offerings, and manage relationships with third-party warranty underwriters.
E-CommerceTelecom & CommunicationsRetailInternetShopping
Responsibilities
Provide actuarial and business insights to the warranty portfolio and larger Services business, including analyzing frequency, severity, and claims mix trends, developing forecast and financial models, managing data from a wide variety of systems, and preparing monthly/weekly reporting packages and communicating them out to all levels, including executives
Perform analytical and actuarial duties as assigned
Become familiar with company operations, systems, and actuarial methodologies
Identify opportunities for business process improvement, pricing optimization and cost savings, as well as risks to the current business plan
Work with other internal and external actuaries by sharing business trends/decisions and aligning on methodologies
Manage actuarial relationship with 3rd party warranty underwriter & obligor
Manage internal reserve by understanding usage of benefits and claiming patterns
Perform root cause analysis for increasing frequencies, excessive claim payments, and compliance related issues
Present oral and written reports by interpreting data to explain the trending and tracking of warranty sales and expenses
Develop SQL programming skills to become self-sufficient in pulling data needed for various analysis
Ad hoc reporting and analytics as required
Qualification
Required
BS/BA in Actuarial Science, Mathematics, Statistics, or related subjects
2 or more Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) actuarial exams
Actuarial experience in a professional setting
Preferred
2 or more years of actuarial experience
Computer programming experience (SQL, VBA, other object-oriented languages)
A high level of proficiency in Excel
Experience with rate making or P&C actuarial concepts is a plus
A strong mathematical understanding combined with analytical and modeling skills
Excellent verbal and written communication skills required
Benefits
Competitive pay
Generous employee discount
Physical and mental well-being support
Company
Best Buy
Best Buy is a multinational retailer of technology and entertainment products and services offering consumer electronics and more.
10001+ employees
H1B Sponsorship
Best Buy has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
1%
Represents job field similar to this job
Accounting and Finance
Engineering and Development
Product Management
Management and Executive
Marketing
Customer Service and Support
Creatives and Design
Human Resources
Sales
Trends of Total Sponsorships
*2026 (80)
2025 (163)
2024 (157)
2023 (182)
2022 (181)
2021 (180)
2020 (66)
Funding
Current Stage
Public CompanyTotal Funding
unknown1985-04-26IPO
Leadership Team
Corie Barry
Chief Executive Officer
Matthew Bilunas
Chief Financial Officer
Recent News
Retail Dive
2026-08-06
Bizjournals.com Feed (2025-11-12 15:43:17)
2026-08-04
2026-08-04
Company data provided by crunchbase