Modeling Actuary

6 days ago

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American Family Insurance

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American Family Insurance is a leading insurance company offering a range of personal insurance products including home, auto, life, and umbrella insurance. With a focus on customer satisfaction, American Family Insurance is trusted by over 12 million customers and has earned high ratings for its digital insurance shopping experience. The company emphasizes the convenience of managing insurance through its MyAmFam app, allowing customers to pay bills, file claims, and access policy information easily. The company also offers significant discounts for bundling multiple insurance products. American Family Insurance is headquartered in Madison, Wisconsin, and is committed to customer service, corporate responsibility, and community involvement.

Business Insurance • Property Insurance • Auto Insurance • Life Insurance

10,000+ employees

Founded 1927

💸 Finance

👥 B2C

📋 Description

• This position is part of American Family’s Actuarial Tools & Modeling team in the personal lines product area • The team is responsible for developing data-driven solutions to new and complex business problems primarily tied to Insurance pricing • The person in this role provides the highest level of expert analysis, consulting and project or staff leadership for the actuarial activities related to insurance pricing and modeling • Apply and integrate statistical, mathematical, predictive modeling and business analysis skills to manage and manipulate complex data from various sources • Collaborate closely both within and across teams to build modeling processes, iteratively enhance model performance, and share out results to stakeholders • Work with product and IT teams to implement models into production and monitor/adjust based on changing markets and future trends • Internal candidates are encouraged to apply regardless of location and will be considered based upon the needs of the role • 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

🎯 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) • 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

🏖️ Benefits

• Comprehensive medical, dental, vision and wellbeing benefits • Competitive 401(k) contribution • Pension plan • Annual incentive • 9 paid holidays • Paid time off program (23 days accrued annually for full-time employees) • Student loan repayment program • Paid-family leave