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Pricing/Ratemaking Actuary

Pricing/Ratemaking Actuary

CompanyAmerican Family Insurance Group
LocationMadison, WI, USA, Boston, MA, USA, St Joseph, MO, USA, Eden Prairie, MN, USA, Phoenix, AZ, USA, Denver, CO, USA, Brattleboro, VT, USA
Salary$111000 – $190000
TypeFull-Time
Degrees
Experience LevelSenior, Expert or higher

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.
  • Credentialed in Casualty Actuary Society (FCAS or ACAS)

Responsibilities

  • Provides consultation and develops or leads the development of models and projections to enable new start-up organizations.
  • Provide actuarial expertise and consultation on the full range of actuarial activities related to either insurance pricing or ratemaking for a line of business (LOB), loss reserving, modeling, or reinsurance.
  • Leads development of pricing for new products and rating structures.
  • Explores new concepts, statistical models, and data sources to deliver innovative solutions for the business.
  • Monitors industry and competitor trends to determine potential impact to actuarial strategies and solutions.
  • Leads projects and/or develops staff.

Preferred Qualifications

  • Working knowledge of California regulations (Prop 103) and the associated Private Passenger Auto requirements preferred.