Loss Reserves Staff Actuarial Specialist
Company | American Family Insurance Group |
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Location | Madison, WI, USA, Boston, MA, USA, St Joseph, MO, USA, Eden Prairie, MN, USA, Phoenix, AZ, USA, Denver, CO, USA, Brattleboro, VT, USA |
Salary | $78000 – $128000 |
Type | Full-Time |
Degrees | Bachelor’s |
Experience Level | Junior, Mid Level |
Requirements
- Three exams completed towards Associate or Fellow in Casualty Actuary Society (ACAS or FCAS)
- 1-2 years of hands-on actuarial experience
- Coding skills in Python and/or SQL
- Demonstrated experience providing customer-driven solutions, support, or service
- Solid knowledge and understanding of property and casualty products, pricing, rates and industry trends
- Solid knowledge and understanding of underwriting guidelines and concepts
- Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques
- Solid knowledge and understanding of forecasting and statistical analysis and modeling.
Responsibilities
- You will update and maintain predictive models.
- You will develop relationships with core business partners and provide insights and solutions to address specific business concerns.
- You will assist in data preparation and testing.
- You will assist in performing the annual losses incurred forecast, the maintenance of the losses incurred forecasting system and reports, the maintenance and development of the loss reserving database system and reports, the implementation of new reserving process efficiencies and techniques and the annual determination of the factor reserves and unknown injury reserves.
- With some direction, you will develop and book the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
- You will measure and evaluate deviations of underwriting results from the annual profit plan on a quarterly basis.
- You will assist in the performance of actuarial modeling to quantify the impact of risks.
Preferred Qualifications
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No preferred qualifications provided.