Actuarial Specialist (Flex Office/Home)
Madison, WI  / Keene, NH  / Phoenix, AZ  / Chicago, IL  / Eden Prairie, MN  / Nashville, TN  / St. Joseph, MO  / Denver, CO  / Boston, MA ...View All
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Posted 12 days ago
Job Description

Position Compensation Range:

$76,000.00 - $125,000.00

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location.

You will provide analysis for the full range of actuarial activities related to either insurance pricing or ratemaking for a line of business (LOB), loss reserving, modeling, or reinsurance. You will build models and projections to enable the business to generate consistent and sound prices You will build forecasts and models for incurred losses and loss adjustment expense (LAE), CAT and investment risks, and reinsurance for the annual profit & growth plan. You will report to the Sr. Manager, Actuary.

Primary Accountabilities

  • You will update and maintain predictive models.
  • You will be responsible for state rate level indication development.
  • You will provide technical background in support of rate filings with state insurance departments.
  • You will work with business partners to develop rate recommendations.
  • You will develop relationships with core business partners and provide insights and solutions to address specific business concerns.
  • You will assist in data preparation and testing.
  • You will conduct competitive and market analysis and supports the development of pricing for new products and rating structures.
  • You will assist in performing the annual losses incurred forecast, the maintenance of the losses incurred forecasting system and reports, the maintenance and development of the loss reserving database system and reports, the implementation of new reserving process efficiencies and techniques and the annual determination of the factor reserves and unknown injury reserves.
  • You will develop and book the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
  • You will measure and evaluate deviations of underwriting results from the annual profit plan on a quarterly basis.
  • You will assist in the performance of actuarial modeling to quantify the impact of risks.

Qualifications

  • Pursuing Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).
  • Solid knowledge and understanding of property and casualty products, pricing, rates and industry trends.
  • Solid knowledge and understanding of underwriting guidelines and concepts.
  • Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques.
  • Solid knowledge and understanding of forecasting and statistical analysis and modeling.

In this flex office/home role, you will be expected to work a minimum of 10 days per month from one of the following office locations: Madison, WI 53783; Boston, MA 02110; Chicago, IL 60601*; Denver, CO 80112; Eden Prairie, MN 55343; Keene, NH 03431; St. Joseph, MO 64507; Phoenix, AZ 85034; Nashville, TN 37214

Internal candidates are encouraged to apply regardless of location and will be considered based upon the needs of the role.

#LI-Hybrid

We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

#LI-RS1

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
Open
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