Actuary - Property and Casualty Insurance (Hybrid)

American Family Insurance

Boston, MAOn-siteFull time
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Pay
$128K to $218K
a year
Location
Boston, MA
Work style
On-site
Job type
Full time
Posted
Oct 21
1 day ago
Career path

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About the company

American Family Insurance

Insurance · 10,001+ employees

American Family Insurance on LinkedIn

What you'll do

  • Contribute to recommendations and significant revisions to actuarial methodologies
  • Develop relationships with main partners and provide insights and solutions
  • Explore new concepts, statistical models, and data sources
  • Contribute to indication development and own the recurring process
  • Facilitate the rate review process and contribute to pricing committee meetings
  • Represent the development of pricing for new products and rating structures
  • Represent pricing on data efforts, including dataset development and consultation
  • Monitor industry and competitor trends

What you need

  • Demonstrated experience providing customer-driven solutions, support, or service
  • Extensive knowledge of property and casualty products, pricing, rates, and industry trends
  • Extensive knowledge of underwriting guidelines, pricing, ratemaking, loss reserving, modeling, or reinsurance
  • Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques
  • Extensive knowledge of forecasting, statistical analysis, and modeling
  • Associate or Fellow in Casualty Actuary Society (ACAS or FCAS)

Key skills

ACAS or FCASstatistical/actuarial analysisdata forecastingmodeling techniquesproperty and casualty productspricingratemakingloss reservingunderwriting guidelinesstatistical analysis

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Perks

  • medical
  • dental
  • vision
  • wellbeing benefits
  • 401(k) contribution
  • pension plan
  • paid holidays
  • paid-family leave

See full description on company page, apply now

Read the full posting here
As an Actuary on the Rate Indications team you will lead and perform most complex analysis for the full range of actuarial activities related to insurance pricing for personal lines property. Lead complex models and projections to enable the business to generate consistent and sound prices. Be the subject matter expert and consultant to partners throughout the organization. Present findings and recommendations regarding the development or effectiveness of multiple strategies. You will report to Senior Manager, Product Actuary This role is not eligible for sponsorship. #LI-Hybrid Position Compensation Range: $128,000.00 - $218,000.00 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 • Contribute to recommendations and significant revisions to one or more actuarial methodologies related to insurance pricing, ratemaking. • Develop relationship with main partners and provide insights and solutions to address specific business concerns. • Explore new concepts statistical models, and data sources to deliver innovative solutions for the business. • Contribute to all aspects of indication development and owns the recurring process. • Facilitate the rate review process and contribute to the pricing committee meetings to support the pricing strategy. • Represent the development of pricing for new products and rating structures. • Represent pricing on various data efforts including dataset development and consultation on data and analytical development. • Assist with development of classification ratemaking methodologies and models. • Monitor industry and competitor trends to determine potential impact to actuarial strategies and solutions. • Responsible for putting together annual statement exhibits related to loss and LAE expenses. • Perform the annual determination of the factor reserves. Specialized Knowledge & Skills Requirements • Demonstrated experience providing customer-driven solutions, support, or service. • Extensive knowledge and understanding of property and casualty products, pricing, rates and industry trends. • Extensive knowledge and understanding of underwriting guidelines and concepts, pricing, ratemaking, loss reserving, modeling or reinsurance depending upon area of specialty. • Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques. • Extensive knowledge and understanding of forecasting and statistical analysis and modeling. • Associate or Fellow in Casualty Actuary Society (ACAS or FCAS). Licenses • Not applicable. Travel Requirements • Up to 10%. Physical Requirements • Work that primarily involves sitting/standing. Working Conditions • Not applicable. Additional Information To ensure a strong start, all employees participate in our New Employee Orientation during their first week.  This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth.  At times, sessions may be delivered virtually based on scheduling and availability.  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 hybrid role you will be expected to work a minimum of 10 days per month out of the Boston, MA or Madison, WI offices. 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. #LI-AB1

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