Associate Actuarial Analyst (Flex Office/Home)

Review claims, premium, finance and expense experience using various actuarial modeling techniques. Contribute to analysis for actuarial activities related to either insurance pricing or ratemaking for a line of business (LOB), loss reserving, modeling, or reinsurance.

Assist in building models and projections to enable the business to generate consistent and sound prices. Contribute to building forecasts and models for incurred losses and loss adjustment expense (LAE), CAT and investment risks, or reinsurance.

You will report to a senior manager, actuary. Join us today!

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; Denver, CO 80112; Eden Prairie, MN 55343; Keene, NH 03431; St. Joseph, MO 64507; Phoenix, AZ 85034.

Internal candidates are encouraged to apply regardless of location and will be considered based upon the needs of the role.

Position Compensation Range :

$60,000.00 - $99,000.00

Pay Rate Type : Salary

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Primary Accountabilities

• Provide insights and solutions to address specific business concerns. Support competitive and market analysis.
• Assist in the performance of actuarial modeling to quantify the impact of risks.
• Provide technical background in support of rate filings with state insurance departments; respond to and resolves regulatory questions.
• Coordinate the rate review process and contribute to the pricing meetings to support the pricing strategy.
• Responsible for state rate level indication development, including trending and adjusting premiums, losses and expenses.
• Develop and book the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
• Assist in performing the annual losses incurred forecast. Assist the maintenance of the losses incurred forecasting system and reports.
• Measure and evaluate deviations of underwriting results on a quarterly basis.
• Under immediate direction, develop and book the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
• Assist in the maintenance of the loss reserving database system and reports. Assist in the annual determination of the factor reserves and unknown injury reserves.

Assist in performing the annual losses incurred forecast.

Specialized Knowledge & Skills Requirements

• Demonstrated experience providing customer-driven solutions, support, or service.
• Basic knowledge and understanding of property and casualty products, pricing, rates and industry trends.
• Basic 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.
• Basic knowledge and understanding of forecasting and statistical analysis and modeling.
• Pursuing 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

• 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
• Relocation Assistance is available, if needed.

LI-Hybrid

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.