Assistant Actuary (Hybrid)

You'll lead, coordinate, or performs most complex analysis for the full range of actuarial activities related to either insurance pricing or ratemaking for the Commercial line of business (LOB), loss reserving, modeling, or reinsurance. Leading, coordinating, or building complex models and projections, you'll 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. Serves as subject matter expert and consultant to business partners throughout the organization. Presents findings and recommendations regarding the development or effectiveness of various strategies.

In this hybrid role, you will be expected to work a minimum of 10 days per month from the office. You should reside within approximately 35-50 miles of one of the following office locations : Madison, WI 53783; Boston, MA 02110.

Position Compensation Range :

$97,000.00 - $164,000.00

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

• Contributes to recommendations and significant revisions to one or more actuarial methodologies related to insurance pricing, ratemaking, loss reserving, modeling or reinsurance.
• Develops relationship with core business partners and provide insights and solutions to address specific business concerns.
• Explores new concepts statistical models, and data sources to deliver innovative solutions for the business.
• May contributes to all aspects of indication development and owns the recurring process.
• May facilitate the rate review process and contributes to the pricing committee meetings to support the pricing strategy.
• May assist with the development of pricing for new products and rating structures.
• Represents pricing on various data efforts including dataset development and consultation on data and analytical development.
• Assist with development of classification ratemaking methodologies and models.
• Monitors industry and competitor trends to determine potential impact to actuarial strategies and solutions.
• Determines the property and casualty loss and LAE reserve reserve needs.
• Responsible for putting together annual statement exhibits related to loss and LAE expenses.
• Performs the annual determination of the factor reserves.

Specialized Knowledge & Skills Requirements

Travel Requirements

Physical Requirements

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

Sponsorship will not be considered for this position unless specified in the posting

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.

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