The Actuarial Analyst provide analysis for the full range of actuarial activities related to either insurance pricing or ratemaking for our homeowner's line of business, loss reserving, modeling, or reinsurance. You will be part of the Indication team and will work with other actuaries to review and enhance the indication process of our homeowner's products. You will build models and projections to enable the business to generate sound prices. You will also 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 Manager, Actuary.
Compensation Minimum:$60,000 / year
Compensation Maximum:$99,000 / year
Compensation may vary based on the job level and your geographic work location.
Primary Accountabilities
• You will provide sound pricing indication recommendations to the Product Manager for these states.
• You will update predictive models.
• You will be responsible for state rate level indication development.
• You will provide technical background to support rate filings with state insurance departments.
• You will work with partners to develop rate recommendations.
• You will develop relationship with core partners and provide insights and solutions to address specific 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 help perform the annual losses incurred forecast, the maintenance of the losses incurred forecasting system and reports, the 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, you will develop and books 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 be dedicated to pursuing your actuarial exams.
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
Candidates must reside within a 50-mile radius of the office location (or 35-mile radius for Boston / Chicago). #LI-Hybrid
Additional AmFam Group Locations that can be added to the list above:
Chicago, IL 60601*; Denver, CO 80112; Eden Prairie, MN 55343; Keene, NH 03431; St. Joseph, MO 64507; Phoenix, AZ 85034; Nashville, TN 37214
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-BC2
At American Family Insurance, we know how hard our customers and employees work to achieve their dreams. That’s why, for over 90 years, we’ve made it our mission to protect those dreams. It’s all part of who we are and who we’ll always be – innovative, caring, agile, trustworthy, transparent and passionate. We’re a strong, forward-looking company and a proven leader in our industry. And if you’re looking to make a difference, we’re looking for you.
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