Actuarial Analyst (Hybrid)

Provide analysis for the full range of actuarial activities related to either insurance pricing or ratemaking for either Auto, Property or small commercial. This role is focused on the basics of ratemaking - executing on rate revisions, completing segmentation analysis, and driving process efficiency. Open to applicants at either the Analyst I or Analyst II level. You will report to a credentialed pricing manager.

Position Compensation Range

$80,000.00 - $131,000.00

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

• Update and maintain predictive models.
• Responsible for state rate level indication development.
• Provide technical background in support of rate filings with state insurance departments.
• Work with business partners to develop rate recommendations.
• Develop relationship with core business partners and provide insights and solutions to address specific business concerns.
• Assist in data preparation and testing.
• Conduct competitive and market analysis and supports the development of pricing for new products and rating structures.
• 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.
• With some direction, develop and books the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
• Measure and evaluate deviations of underwriting results from the annual profit plan on a quarterly basis.
• Assist in the performance of actuarial modeling to quantify the impact of risks.
  
  

Specialized Knowledge & Skills Requirements

• Demonstrated experience providing customer-driven solutions, support, or service.
• 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.
• Pursuing Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).
  
  

Additional Knowledge And Skills

• Previous experience in property and casualty industry and at least 1-2 exams passed strongly desired.
• Programming experience (R, Python and/or SQL) is helpful.
  
  

Licenses

• Not applicable.
  
  

Travel Requirements

• Up to 10%.
  
  

Physical Requirements

• Work that primarily involves sitting/standing.
  
  

Working Conditions

• Not applicable.
  
  

Additional Information

• Offer to selected candidate will be made contingent on the results of applicable background checks
• Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions
• Sponsorship will not be considered for this position unless specified in the posting
  
  

In this flex office/home role, you will be expected to work a minimum of 10 days per month from either Madison, WI; Boston, MA or Hopkins, MN.

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

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.

American Family Insurance is committed to the full inclusion of all qualified individuals. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email AskHR@AmFam.com to request a reasonable accommodation.