American Modern Insurance Group
Associate Actuary (ACAS) at American Modern Insurance Group
Location:
Remote (typical business hours in Eastern Time Zone). Hybrid schedule for local candidates (40‑50% at the Amelia, OH office).
Purpose Manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes to support the financial profitability and/or production goals of the company by acting as a high level technical expert. Work with management and corporate areas to provide strategic direction and lead projects associated with the development and update of Actuarial/predictive models and databases through formula development, research on methodologies, and collaboration on technical items.
Roles & Responsibilities
Complete actuarial and/or predictive modeling analyses appropriate for the functional area (rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, research projects). Lead projects/analysis requiring multiple resources including those who are not direct reports.
Direct the modification and enhancement of existing applications to address specific issues. Coordinate and help focus and prioritize the use of actuarial and/or predictive modeling resources for tasks that are assigned.
Direct the completion of required data preparation including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
Manage and/or lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments and with internal & external colleagues (business units, IT, etc.).
Lead in 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 and/or predictive modeling work and provide constructive feedback as needed. Coach less experienced employees as needed.
Participate or lead the training of others (underwriters, product analysts, accountants, actuaries, claims associates) on the use of models/studies/reviews and the interpretation of the results.
Manage the work for those who are not direct reports including other actuaries, predictive modelers, programmers and support staff as needed.
Prepare for and pass Actuarial Exams. Attain appropriate continuing education according to the US Qualification Standard issued by the American Academy of Actuaries.
Ensure all work and work products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries.
Maintain an expert level of technical actuarial and statistical skills and concepts; adapt to varying and changing product dynamics and provide efficient methods appropriate for the functional area.
Demonstrate ability to apply judgment and problem solving skills to address different, complex and high profile issues.
Required Technical Skills Proficient computer skills and application of MS Office Suite, including actuarial software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis.
Skills / Knowledge / Experience Generally, six (6) or more years of (re)insurance/actuarial experience.
Pricing experience preferred.
Education, Certifications & Designations
Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related Field requiring modeling, programming, or quantitative analysis.
Membership in the Casualty Actuarial Society with the attainment of Associateship (ACAS).
Membership in the American Academy Of Actuaries (MAAA).
Benefits We offer a broad range of benefits including health, vision, dental, disability coverage, life insurance, supplemental and voluntary benefit plans, 401(k) with employer match, retirement savings plan, paid time off, yearly bonus, health & wellness programs, hybrid work environment, cafeteria, workout facility, wellness center, adoption assistance, tuition assistance, free parking, charitable matching gifts, paid family care time, volunteer time, and more.
Seniority Level Mid–Senior level
Employment Type Full‑time
Job Function Finance
Industries Insurance
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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Location:
Remote (typical business hours in Eastern Time Zone). Hybrid schedule for local candidates (40‑50% at the Amelia, OH office).
Purpose Manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes to support the financial profitability and/or production goals of the company by acting as a high level technical expert. Work with management and corporate areas to provide strategic direction and lead projects associated with the development and update of Actuarial/predictive models and databases through formula development, research on methodologies, and collaboration on technical items.
Roles & Responsibilities
Complete actuarial and/or predictive modeling analyses appropriate for the functional area (rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, research projects). Lead projects/analysis requiring multiple resources including those who are not direct reports.
Direct the modification and enhancement of existing applications to address specific issues. Coordinate and help focus and prioritize the use of actuarial and/or predictive modeling resources for tasks that are assigned.
Direct the completion of required data preparation including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
Manage and/or lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments and with internal & external colleagues (business units, IT, etc.).
Lead in 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 and/or predictive modeling work and provide constructive feedback as needed. Coach less experienced employees as needed.
Participate or lead the training of others (underwriters, product analysts, accountants, actuaries, claims associates) on the use of models/studies/reviews and the interpretation of the results.
Manage the work for those who are not direct reports including other actuaries, predictive modelers, programmers and support staff as needed.
Prepare for and pass Actuarial Exams. Attain appropriate continuing education according to the US Qualification Standard issued by the American Academy of Actuaries.
Ensure all work and work products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries.
Maintain an expert level of technical actuarial and statistical skills and concepts; adapt to varying and changing product dynamics and provide efficient methods appropriate for the functional area.
Demonstrate ability to apply judgment and problem solving skills to address different, complex and high profile issues.
Required Technical Skills Proficient computer skills and application of MS Office Suite, including actuarial software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis.
Skills / Knowledge / Experience Generally, six (6) or more years of (re)insurance/actuarial experience.
Pricing experience preferred.
Education, Certifications & Designations
Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related Field requiring modeling, programming, or quantitative analysis.
Membership in the Casualty Actuarial Society with the attainment of Associateship (ACAS).
Membership in the American Academy Of Actuaries (MAAA).
Benefits We offer a broad range of benefits including health, vision, dental, disability coverage, life insurance, supplemental and voluntary benefit plans, 401(k) with employer match, retirement savings plan, paid time off, yearly bonus, health & wellness programs, hybrid work environment, cafeteria, workout facility, wellness center, adoption assistance, tuition assistance, free parking, charitable matching gifts, paid family care time, volunteer time, and more.
Seniority Level Mid–Senior level
Employment Type Full‑time
Job Function Finance
Industries Insurance
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
#J-18808-Ljbffr