ERGO Group AG
Overview
Company: American Modern Insurance Group Location: Cincinnati, United States Title: Associate Actuary (ACAS) Location note: Open to remote candidates that are available to work the typical business hours in the Eastern Time Zone. Hybrid schedule for local candidates (40-50% in the Amelia, OH office) Exempt position Applicants requiring employer sponsorship of a visa will not be considered for this position. American Modern Insurance Group, Inc., a Munich Re company, is a specialty insurance leader offering products and services for residential property (including manufactured homes and specialty dwellings) and the recreational market (including boats, personal watercraft, classic cars, and more). We provide specialty product solutions that cover what the competition often can’t. We write admitted products in all 50 states with a premium volume of $1.9 billion. Headquartered in Amelia, Ohio, with associates across the United States, we are part of Munich Re’s Global Specialty Insurance division. We offer a flexible environment that supports career growth and work-life balance. Purpose
Manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes to support financial profitability and/or production goals. Act as a high level technical expert and work with management and corporate areas to provide strategic direction. Lead projects related to the development and update of actuarial/predictive models and databases through formula development, methodology research, and collaboration on technical items. Responsibilities
Complete actuarial and/or predictive modeling analyses appropriate for the functional area. This may include rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, and research projects. Lead projects/analysis requiring multiple resources including those who are not direct reports. Direct modification and enhancement of existing applications to address specific issues. Coordinate and prioritize the use of actuarial and/or predictive modeling resources for assigned tasks. Direct data preparation including data input. Identify complex data and operational issues requiring specialized actuarial attention and take action to address them. Manage/lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments and internal/external colleagues (business units, IT, UMS, etc.). Lead development of new methodologies, products and procedures for American Modern. Maintain current knowledge of trends and products in the (re)insurance industries. Peer review technical actuarial/predictive modeling work and provide feedback. Coach less experienced employees as needed. Participate or lead in training of others on the use of models/studies/reviews and interpretation of results. Manage work for non-direct reports including other actuaries, predictive modelers, programmers and support staff as needed. Prepare for and pass Actuarial Exams. Maintain continuing education per the US Qualification Standards of the American Academy of Actuaries. Ensure all work/products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries. Maintain expert level of technical actuarial and statistical skills; adapt to changing products and dynamics; share knowledge with others. Apply judgment and problem solving to address complex/high-profile issues. Required Technical Skills
Proficient in MS Office Suite and actuarial software used for reserving, ratemaking, pricing, modeling stochastic distributions, or data analysis as appropriate. Skills / Knowledge / Experience
Generally six (6) or more years of (re)insurance/actuarial experience required to manage/direct development, analysis, evaluation and modeling of potential solutions and serve as a high-level technical expert. Pricing experience is preferred. Education, Certifications & Designations
Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field involving modeling, programming, or quantitative analysis Membership in the Casualty Actuarial Society with attainment of Associateship (ACAS) Membership in the American Academy Of Actuaries (MAAA) Benefits
We offer a range of insurance benefits for employees, their domestic partners and children, including: Two health insurance options (PPO or High Deductible) with prescription drug coverage Vision and dental insurance Short and Long Term Disability Supplemental Life and AD&D plans for self and dependents Voluntary benefits (Accident, Critical Illness, Hospital Indemnity) Additional company benefits include: 401k with up to 5% employer match Company-funded retirement savings plan Paid time off starting at 24 days per year, with additional days for milestone anniversaries Annual bonus eligibility as a Munich Re employee Wellness programs, hybrid/work-location flexibility, on-site amenities, and various employee services Tuition assistance and educational achievement bonuses Paid parking and corporate matching gifts program Paid time off to volunteer Equal Opportunity
American Modern, a subsidiary of Munich Re, is an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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Company: American Modern Insurance Group Location: Cincinnati, United States Title: Associate Actuary (ACAS) Location note: Open to remote candidates that are available to work the typical business hours in the Eastern Time Zone. Hybrid schedule for local candidates (40-50% in the Amelia, OH office) Exempt position Applicants requiring employer sponsorship of a visa will not be considered for this position. American Modern Insurance Group, Inc., a Munich Re company, is a specialty insurance leader offering products and services for residential property (including manufactured homes and specialty dwellings) and the recreational market (including boats, personal watercraft, classic cars, and more). We provide specialty product solutions that cover what the competition often can’t. We write admitted products in all 50 states with a premium volume of $1.9 billion. Headquartered in Amelia, Ohio, with associates across the United States, we are part of Munich Re’s Global Specialty Insurance division. We offer a flexible environment that supports career growth and work-life balance. Purpose
Manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes to support financial profitability and/or production goals. Act as a high level technical expert and work with management and corporate areas to provide strategic direction. Lead projects related to the development and update of actuarial/predictive models and databases through formula development, methodology research, and collaboration on technical items. Responsibilities
Complete actuarial and/or predictive modeling analyses appropriate for the functional area. This may include rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, and research projects. Lead projects/analysis requiring multiple resources including those who are not direct reports. Direct modification and enhancement of existing applications to address specific issues. Coordinate and prioritize the use of actuarial and/or predictive modeling resources for assigned tasks. Direct data preparation including data input. Identify complex data and operational issues requiring specialized actuarial attention and take action to address them. Manage/lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments and internal/external colleagues (business units, IT, UMS, etc.). Lead development of new methodologies, products and procedures for American Modern. Maintain current knowledge of trends and products in the (re)insurance industries. Peer review technical actuarial/predictive modeling work and provide feedback. Coach less experienced employees as needed. Participate or lead in training of others on the use of models/studies/reviews and interpretation of results. Manage work for non-direct reports including other actuaries, predictive modelers, programmers and support staff as needed. Prepare for and pass Actuarial Exams. Maintain continuing education per the US Qualification Standards of the American Academy of Actuaries. Ensure all work/products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries. Maintain expert level of technical actuarial and statistical skills; adapt to changing products and dynamics; share knowledge with others. Apply judgment and problem solving to address complex/high-profile issues. Required Technical Skills
Proficient in MS Office Suite and actuarial software used for reserving, ratemaking, pricing, modeling stochastic distributions, or data analysis as appropriate. Skills / Knowledge / Experience
Generally six (6) or more years of (re)insurance/actuarial experience required to manage/direct development, analysis, evaluation and modeling of potential solutions and serve as a high-level technical expert. Pricing experience is preferred. Education, Certifications & Designations
Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field involving modeling, programming, or quantitative analysis Membership in the Casualty Actuarial Society with attainment of Associateship (ACAS) Membership in the American Academy Of Actuaries (MAAA) Benefits
We offer a range of insurance benefits for employees, their domestic partners and children, including: Two health insurance options (PPO or High Deductible) with prescription drug coverage Vision and dental insurance Short and Long Term Disability Supplemental Life and AD&D plans for self and dependents Voluntary benefits (Accident, Critical Illness, Hospital Indemnity) Additional company benefits include: 401k with up to 5% employer match Company-funded retirement savings plan Paid time off starting at 24 days per year, with additional days for milestone anniversaries Annual bonus eligibility as a Munich Re employee Wellness programs, hybrid/work-location flexibility, on-site amenities, and various employee services Tuition assistance and educational achievement bonuses Paid parking and corporate matching gifts program Paid time off to volunteer Equal Opportunity
American Modern, a subsidiary of Munich Re, is an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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