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Actuarial Analyst Full-time

at American Family Insurance Wisconsin in Wisconsin (Published at 14-06-2022)

At American Family Insurance, we believe people are an organization?s most valuable asset, and their ideas and experiences matter. From our CEO to our agency force, we?re committed to growing a diverse and inclusive culture that empowers innovation that will inspire, protect, and restore our customers? dreams in ways never imagined.


American Family Insurance is driven by our customers and employees. That?s why we provide more than just a job ? we provide opportunity. Whether you?re already part of our team in search of a new challenge or new to our company and ready for what?s next, you?re in the right place. Every dream is a journey that starts with a single step. Start your journey right here. Join our team. Bring your dreams.

Job ID:

R28582 Actuarial Analyst - Personal Lines, Auto (open to remote) (Open)

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

Compensation Minimum:

Compensation Maximum:

Summary:

This role will be focused on new product introductions, including modeling.
Job Family Summary
Provides 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. Builds models and projections to enable the business to generate consistent and sound prices Builds 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/or pursuing the accredited Actuarial designation.
Job Summary
Performs basic actuarial analysis for either ratemaking assumptions and rating plan development, incurred losses and LAE, and reinsurance through statistical analysis tools.


Job Description:

Job Level Summary

  • Requires working knowledge and experience in own job discipline and broadens capabilities
  • Continues to build knowledge of the company, processes and customers
  • Performs a range of assignments related to job discipline
  • Uses prescribed guidelines or policies in analyzing situations
  • Receives a moderate level of guidance and direction

Primary Accountabilities

  • Provide technical background in support of rate filings with State Insurance departments; responds to and resolves regulatory questions.
  • Facilitate the rate review process and contributes to the pricing meetings to support the pricing strategy.
  • Provides insights and solutions to address specific business concerns.
  • Responsible for state rate level indication development, including trending and adjusting premiums, losses and expenses.
  • Supports competitive and market analysis
  • Measures and evaluates deviations of underwriting results from the annual Profit Plan on a quarterly basis.
  • Assists in the performance of actuarial modeling to quantify the impact of risks

Travel Requirements

  • This position requires travel up to 5% of the time.

Specialized Knowledge & Skills Requirements

  • Demonstrated experience providing customer-driven solutions, support or service.
  • Basic knowledge and understanding of forecasting and statistical analysis.
  • Basic level of communication and problem-solving skills.
  • Demonstrated experience using Microsoft Office products and statistical tools.

Education & Licenses

  • Bachelor?s Degree in Math, Actuarial Science, Statistics or other related quantitative discipline or equivalent experience / education.
  • Taking required exams pursuing the Associate and/or Fellowship designation.

Additional Job Information:

Preferred Qualifications

  • Knowledge and experience using Python or R.

  • Knowledge of coding and data related tools (Google Cloud Platform).

  • Experience in auto insurance pricing.

  • Two or more actuarial exams completed.

  • Experience in communicating technical work to non-technical audiences.

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.

We are open to candidates working remotely anywhere in the United States.

#LI-Remote

When you work at American Family you can expect 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, and a paid-time off program. 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 Enterprise benefits.

We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

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