Actuarial Analyst (Hybrid)
American Family Insurance is seeking an Actuarial Analyst to provide analysis for actuarial activities related to insurance pricing or ratemaking. The role involves executing rate revisions, completing segmentation analysis, and driving process efficiency while working closely with business partners to develop rate recommendations.
Responsibilities
- 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
Skills
- 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)
- 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
Benefits
- Comprehensive medical, dental, vision and wellbeing benefits
- Competitive 401(k) contribution
- Pension plan
- Annual incentive
- 9 paid holidays
- Paid time off program (23 days accrued annually for full-time employees)
- Student loan repayment program
- Paid-family leave
Company Overview