American Family Insurance
In this position, you will review claims, premium, finance, and expenses using various actuarial modeling techniques. Contribute to analysis for actuarial activities related to either insurance pricing or ratemaking for a line of business (LOB), loss reserving, modeling, or reinsurance. Assist in building models and projections to enable the business to generate consistent and sound prices. Contribute to building forecasts and models for incurred losses and loss adjustment expense (LAE), CAT and investment risks, or reinsurance. You will report to a supervisory principal actuary.
In this hybrid role, you will be expected to work a minimum of 10 days per month from the office. Candidates should reside within approximately 35-50 miles of one of the following office locations: Madison, WI 53783; Boston, MA 02110.
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Position Compensation Range: $61,000.00 - $101,000.00
Pay Rate Type: Salary
Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.
Primary Accountabilities:
Provide insights and solutions to address specific business concerns. Support competitive and market analysis.
Assist in the performance of actuarial modeling to quantify the impact of risks.
Provide technical background in support of rate filings with state insurance departments; respond to and resolve regulatory questions.
Coordinate the rate review process and contribute to pricing meetings to support the pricing strategy.
Develop and book the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
Assist in performing the annual losses incurred forecast and maintain the forecasting system and reports.
Measure and evaluate deviations of underwriting results quarterly.
Assist in maintaining the loss reserving database system and reports. Contribute to the annual determination of reserves and perform the annual losses incurred forecast.
Specialized Knowledge & Skills Requirements:
Demonstrated experience providing customer-driven solutions, support, or service.
Basic knowledge of property and casualty products, pricing, rates, and industry trends.
Understanding of underwriting guidelines, pricing, ratemaking, loss reserving, modeling, or reinsurance depending on specialty.
Experience in statistical/actuarial analysis and data forecasting and modeling techniques.
Pursuing Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).
Additional Skills:
Minimum of one actuarial exam passed preferred.
Strong Excel skills; SQL/Python experience preferred.
Licenses: Not applicable.
Travel Requirements: Up to 10%.
Physical Requirements: Primarily sitting/standing.
Working Conditions: Not applicable.
Additional Information:
Offer contingent on background checks.
Offer contingent on signing a non-disclosure agreement.
Sponsorship not available unless specified.
We encourage applications even if you do not meet all listed requirements. Skills can be applied in various ways, and your experience may be relevant beyond the listed qualifications. We value passion and enthusiasm.
Our benefits include medical, dental, vision, wellbeing programs, 401(k), pension, annual incentive, paid holidays, paid time off, student loan repayment, and paid-family leave. Interns and contingent workers are not eligible for benefits.
We are an equal opportunity employer, committed to compliance with applicable laws regarding non-discrimination and non-harassment. Qualified applicants with criminal histories will be considered.
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