What are the responsibilities and job description for the Actuarial Analyst position at Great American Insurance Group?
Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.
At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.
Great American’s Corporate Actuarial Division is integral to managing financial risks and ensuring the company’s long-term financial stability. This shared service comprises two specialized teams: Pricing and Reserving.
The Corporate Actuarial Division is looking for an Actuarial Analyst to join their team. Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. Core in‑office days are Tuesday–Thursday, with the fourth day determined by business needs.
Essential Job Functions And Responsibilities
Property & Casualty Finance
Benefits
We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.
Great American’s Corporate Actuarial Division is integral to managing financial risks and ensuring the company’s long-term financial stability. This shared service comprises two specialized teams: Pricing and Reserving.
- Pricing Team: This team is tasked with projecting future loss activity and assessing whether prospective rate levels will adequately cover all costs associated with risk transfer.
- Reserving Team: This team is responsible for establishing Incurred But Not Reported (IBNR) reserves and estimating the outstanding losses for past exposure periods.
The Corporate Actuarial Division is looking for an Actuarial Analyst to join their team. Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. Core in‑office days are Tuesday–Thursday, with the fourth day determined by business needs.
Essential Job Functions And Responsibilities
- Responsible to provide strong quantitative support for financial forecasts, rating, reserving, rating regulatory filings and ad hoc requests.
- Coordinates actuarial research, performs systems updates, and develops new reports and output files.
- Analyzes and reviews reserves for existing products or business units. Assembles materials for and conducts quarterly meetings with business unit management.
- Provides input to accounting for recording loss and expense reserves in financial statements.
- Performs other duties as assigned.
- Bachelor's degree or equivalent in Mathematics, Statistics, Finance, Computer Science or a related discipline.
- Generally, 0-2 years of actuarial experience.
- Has passed 1 or more exams toward Associateship in the Casualty Actuarial Society (ACAS).
- Strong skills in Excel.
Property & Casualty Finance
Benefits
We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
- Excludes seasonal employees and interns.