Associate Actuarial Analyst (Flex Office/Home)
Company: American Family Insurance
Location: Phoenix
Posted on: October 16, 2024
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Job Description:
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 - $99,000.00Pay Rate
Type:SalaryCompensation 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
Keywords: American Family Insurance, Sun City , Associate Actuarial Analyst (Flex Office/Home), Professions , Phoenix, Arizona
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