ACTUARIAL ANALYST I

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WE OFFER

Actuarial Analysts with American Modern Insurance Group have the opportunity to work in three primary areas that will develop their actuarial skills: Pricing, Reserving and Predictive Modeling. Work in these areas involves the following types of activities:

• Pricing
• Development of rate level indications for all lines of business
• Selection of pricing levels for each state and line in close collaboration with Product Management
• Development of strategies to drive profitable growth
• Filing support for rate changes
• Development of profitability scorecards that drive strategy and resource allocation
• Annual Loss Ratio Planning
• Special Projects
• Predictive Modeling
• Data preparation and cleansing for modeling
• Statistical modeling using R
• Pricing Model implementation support
• Statistical Modeling to support Marketing, Underwriting and Claims
• Reserving
• Analysis of Loss and Loss Adjustment Reserves
• Monitoring of Reserve Adequacy
• Development of Quarterly IBNR Booking Amounts
• Special Projects
• Financial Reporting including support for Annual Statement Reporting, IFRS Reporting and Solvency II
• Cooperation with Internal and External Auditors and Consultants
• Interact with other Reserving Actuaries in North America

In addition, actuarial analysts will have the opportunity to enhance and further develop their business acumen by working and interacting with associates from Claims, Underwriting, Product Management, Finance, IT, Portfolio Analysis and other areas of the company.

WE EXPECT

Required:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.
• GPA 3.2 or higher
• Successful completion of 1 or more actuarial exams
• Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
• Demonstrated ability to think logically and perform analysis in a timely manner.
• Solid written and oral communication skills.
• Strong command of Excel as well as some knowledge of programming and databases such as SQL, Visual Basic and Macros
• Completed at least 1 actuarial internship

Preferred:

• GPA 3.5 or higher
• Successful completion of 2 or more actuarial exams
• 2+ years experience in Property Casualty Insurance
• Actuarial Internship strongly desired

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

American Modern is a widely recognized, national leader in the specialty insurance business. With close to 50 years of experience in the manufactured housing insurance sector, the company delivers specialized products and services for residential property and the recreational market. One of our newest lines is pet health insurance. The company is headquartered in suburban Cincinnati, Ohio.

American Modern is licensed in all 50 states and offers insurance products through a number of property and casualty companies which serve more than 1.7 million policyholders. As part of its parent company, American Modern’s companies are rated A+ (Superior) by the A.M. Best Company an independent analyst of the insurance industry, and is also a Ward’s 50® Top Performer another well-regarded industry standard of stability and excellence.

American Modern joined Munich Re as a key part of the world reinsurance leader’s North American insurance operations in April 2008. Munich Re has approximately 47,000 employees in over 50 locations throughout the world and operates in all lines of insurance. It is among the top 100 companies on the Forbes Global 500 list.

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