Full-Time

Modeling Actuary

Posted on 1/14/2025

American Family Insurance Group

American Family Insurance Group

10,001+ employees

Social Impact
Financial Services

Compensation Overview

$111k - $190kAnnually

Mid, Senior

Remote in USA

Relocation support is offered for eligible candidates.

Category
Insurance
Finance & Banking

You match the following American Family Insurance Group's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Demonstrated experience providing customer-driven solutions, support, or service.
  • Extensive knowledge and understanding of property and casualty products, pricing, rates and industry trends.
  • Extensive 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.
  • Extensive knowledge and understanding of forecasting and statistical analysis and modeling.
  • Solid knowledge and understanding of profitability, growth and risk concepts.
  • Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).
Responsibilities
  • Leads development of pricing models for new products and rating structures.
  • Explores new concepts, statistical models, and data sources to deliver innovative solutions for the business.
  • Optimize model capabilities and collaborate with key stakeholders to ensure models are developed to deliver on a broad array of business needs.
  • Gain a thorough understanding of existing models and lead future model enhancement efforts.
  • Perform analysis of emerging experience, monitor marketplace and economic trends and review implications.
  • Support development of a modeling framework.
  • Builds and tests models and investigates areas for future improvement.
  • Regularly communicate research findings and analysis to management.
  • Effectively work with any number of other cross functional/operational areas (e.g. product development, state management, actuarial pricing, IT) on specific initiatives.
  • Prepare state filing model support and assist on filing objections.
  • Act as a mentor for less experienced actuaries/data scientists and interns.
  • May perform other duties as assigned.
Desired Qualifications
  • 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. Preferred proficiency in SQL and Python.
  • Familiarity with version control for software development.
  • Demonstrated effective communication and problem-solving skills.
  • Three or more years of relevant actuarial modeling experience.
American Family Insurance Group

American Family Insurance Group

View

Company Size

10,001+

Company Stage

Debt Financing

Total Funding

N/A

Headquarters

Madison, Wisconsin

Founded

1927

Simplify Jobs

Simplify's Take

What believers are saying

  • Arturo's success indicates strong potential for AI applications in insurance.
  • Catastrophe bonds offer innovative solutions for managing financial risks.
  • Digital platforms like Relay enhance operational efficiency in insurance transactions.

What critics are saying

  • Spin-out of Arturo may reduce competitive edge in property analytics.
  • Increased catastrophe bond issuance could heighten exposure to catastrophic events.
  • Growing insurtech competition pressures American Family Insurance to innovate.

What makes American Family Insurance Group unique

  • American Family Insurance's spin-out of Arturo shows commitment to AI-driven property analytics.
  • Four Lakes Re Ltd.'s catastrophe bonds demonstrate innovative financial risk management strategies.
  • Focus on digital engagement aligns with trends in virtual conferences and networking.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Paid Holidays

Student Loan Assistance

Parental Leave

Company News

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Feb 20th, 2024
Four Lakes Re Ltd.’s US$175 Million Catastrophe Bond Issuance

Conyers, alongside Mayer Brown LLP, advised Four Lakes Re Ltd. on the issuance. Special purpose insurer Four Lakes Re Ltd. announced its new US$125 million Series …

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Feb 17th, 2023
Arturo Announces Seed Series Close and Spin-out from American Family Insurance

Arturo, an artificial intelligence powered property analytics startup, announces the close of Seed Series and spin-out from American Family Insurance.

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Dec 21st, 2022
AmFam raises Four Lakes Re 2022 cat bond target to $125m, pricing at top-end - Artemis.bm

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