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American Family Mutual Insurance Company
Madison, WI | Full Time
$82k-102k (estimate)
3 Months Ago
Actuarial Analyst
$82k-102k (estimate)
Full Time 3 Months Ago
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American Family Mutual Insurance Company is Hiring an Actuarial Analyst Near Madison, WI

Job Family Summary Provides analysis for the full range of actuarial activities related to either insurance pricing or ratemaking for the Habitational line of business. Build models and projections to enable the business to generate and sound pricing. Build forecasts and models for incurred losses and loss adjustment expense (LAE), CAT and investment risks, and reinsurance for the annual Profit & Growth plan. Most roles require actuarial background and pursuing the accredited Actuarial designation. Job Summary Performs basic actuarial analysis for either ratemaking assumptions and rating plan development, incurred losses and LAE through statistical analysis tools. You will be reporting to Jason the Actuarial Manager.Compensation Minimum:$60,000 / yearCompensation Maximum:$99,000 / year

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

Job Level Summary

  • Requires working experience in own job discipline and broaden capabilities

  • Continue to build knowledge of the company, processes and customers

  • Perform a range of assignments related to job discipline

  • Use prescribed policies in analyzing situations

  • Receive a moderate level of guidance and direction

Primary Accountabilities

  • Provide technical background to support rate filings with State Insurance departments; respond to and resolve regulatory questions.

  • Need to have Actuarial pricing experience and technical skills with SQL and Python.

  • Facilitate the rate review process and contributes to the pricing meetings to support the pricing strategy.

  • Provide insights and solutions to address specific business concerns.

  • Responsible for state rate level indication development, including trending and adjusting premiums, losses and expenses.

  • Support competitive and market analysis

  • Help perform actuarial modeling to quantify the impact of risks

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.

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Job Summary

JOB TYPE

Full Time

SALARY

$82k-102k (estimate)

POST DATE

01/06/2024

EXPIRATION DATE

04/01/2024

The job skills required for Actuarial Analyst include Actuarial, Analysis, Pricing, SQL, Reinsurance, Insight, etc. Having related job skills and expertise will give you an advantage when applying to be an Actuarial Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Actuarial Analyst. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Actuarial Analyst positions, which can be used as a reference in future career path planning. As an Actuarial Analyst, it can be promoted into senior positions as an Actuary IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Actuarial Analyst. You can explore the career advancement for an Actuarial Analyst below and select your interested title to get hiring information.

If you are interested in becoming an Actuarial Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Actuarial Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Actuarial Analyst job description and responsibilities

Analysts are often also responsible for the monthly, quarterly, and annual reporting processes that need to be completed by the actuarial departments.

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They use statistical models to analyze data and assess risk.

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They teach math concepts that are very specific to the actuarial field.

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Actuarial analysts use advanced statistics and modeling to understand data and assist actuaries.

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Actuarial Analysts use statistics and mathematics to predict financial risks for companies.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Actuarial Analyst jobs

Many actuaries earn an actuarial science degree, but some pursue other analytical majors, such as mathematics or statistics.

02/01/2022: Abilene, TX

Entry-level positions for Risk Analysts typically require.

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The best actuarial science schools are ones that have a good reputation, has accreditation, and has a large percentage of graduates finding employment after earning their degree.

01/26/2022: Rochester, MN

To earn the Associate of the Society of Actuaries designation, students must pass a specialized series of actuarial science exams.

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Pass at least one actuarial exam.

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Step 3: View the best colleges and universities for Actuarial Analyst.

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