Actuarial Specialist

Provides best practice analysis for the full range of actuarial activities related to either insurance pricing, loss reserving, modeling, or reinsurance. Supports the development of models and projections to enable the business to generate consistent and sound prices. Supports the development of forecasts and models for investment risks, and reinsurance for the annual profit & growth plan.

Position Compensation Range:

$88,000.00 - $145,000.00

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

• Uses significant actuarial knowledge and business knowledge to manage complex actuarial projects as assigned in such areas as product development and related pricing, profitability studies, cash flow testing/asset liability management/reserve analysis.

• Utilizes an in depth understanding and facility in the use of database tools for the purpose of development and analysis of complex experience studies, pricing, reserving and other actuarial calculations.

• Uses strong knowledge of actuarial analysis and forecasting to participate in the development, implementation and/or maintenance of actuarial related software (e.g., life reserve extract files; policy factor files (premiums, cash values, etc.); actuarial/mathematical calculation applications).

• Prepare and analyze complex data for use in actuarial experience studies, valuation, or pricing projects.

• Uses fully developed knowledge and expertise of actuarial methodologies to actively influence project team participants. Provides consultation and clarification on actuarial models and risk issues to influence team members and management toward courses of action that have a sizeable impact on profitability.

• Maintains standard documentation on assigned projects/tasks.

• Consults with other departments and field force by answering inquiries and providing explanations of an actuarial nature.

• May be requested to complete other assignments or participate in projects based upon skills, achievements, or experience.

Specialized Knowledge, Skills, and Education Requirements

• Demonstrated experience providing customer-driven solutions, support, or service.

• Advanced knowledge and understanding of life products, pricing, valuation, financial reporting, and industry trends.

• Demonstrated experience, communicating complex actuarial analysis to business partners.

• Advanced knowledge of and demonstrated experience using actuarial software with database tools and statistical tools.

• Demonstrated experience with programming languages.

• Demonstrated effective communication and problem-solving skills.

• In pursuit of Associate or Fellow in Casualty Actuary Society.

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 [email protected] to request a reasonable accommodation.

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