METHODS ACTUARY

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WE OFFER

American Modern is a widely recognized, national leader in the specialty insurance business. With more than 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.

The company is licensed in all 50 states and offers insurance products through a number of property and casualty companies, which serve more than 2 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 Top 50 Performer another well-regarded industry standard of stability and excellence. For 9 straight years the Cincinnati Enquirer named American Modern as a Top Workplace. The award is based on employee surveys measuring employee recognition, career opportunities, work environment, pay and benefits, management effectiveness, and leadership trustworthiness.

American Modern Insurance Group 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 Forbes’s Global 2000 list.

Responsibilities
The Methods Actuary within Actuarial Services is in a unique position to move the Pricing Department’s ability to drive improved results for the company to the next level. This person will work closely with the Line of Business Pricing Actuaries and other business partners to identify, develop and ensure appropriateness of highly complex, high impact actuarial methodologies to influence business decisions. Accountabilities include:

• Provide thought and technical leadership in the development of sophisticated actuarial methodologies for pricing and monitoring profitability and growth of the business
• Responsible for selecting, reviewing, using and ensuring quality of data used to perform moderate to highly complex actuarial analysis
• Develop, manage, lead and perform actuarial analysis and methodological studies leveraging best practices and advanced statistical techniques
• Build a strong collaborative relationship with the Line of Business Pricing Actuaries ensuring alignment of key priorities for the development of methodological enhancements
• Balance increased sophistication against complexity to ensure process efficiency
• Leverages understanding of insurance business, products, markets and regulatory environment to influence pricing strategies and business decisions
• Collaborates with other thought leaders across the Munich Re Actuarial community in the development of advanced pricing methodologies
• Ensure proper documentation and filing support for new methodologies is created
• Work closely with members of the Actuarial Data & Systems team to incorporate new methodologies into the Actuarial Pricing suite of tools.
• Mentor more junior actuarial analysts by providing actuarial training as well as prioritizing and directing their work
• Stay current with recent actuarial and economic publications from the CAS, MAAA, and other pertinent organizations; identifying when new methodologies could benefit our pricing estimates

In addition, Actuaries further develop their business acumen by working and interacting with associates from Reserving, Claims, Underwriting, Finance, IT, Portfolio Management and other areas of the company.

WE EXPECT

• FCAS 10+ Years of experience in an actuarial capacity in Property Casualty Insurance
• Experience building and working with Predictive Models for Property Casualty rate making including familiarity with R, Emblem and or SAS
• 5+ Years of experience in multiple actuarial disciplines (i.e. pricing, reserving, predictive modeling…)
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis
• Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
• Advanced experience in leading the development/application of many types of actuarial models/methods as well as evaluating models/methods
• Strong project management skills to independently handle projects of high complexity
• Price, product, reserving, risk management and insurance regulation knowledge, including professional standards of actuarial techniques
• Demonstrated ability to think logically and perform analysis in a timely manner.
• Demonstrated superior level of written and oral communication skills
• Demonstrated ability to interact effectively with areas of the company outside Actuarial
• Demonstrated advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
• Strong command of Excel, Power BI and SQL as well as knowledge of database logic.
• Ability to work independently

Preferred:

• Membership in the American Academy of Actuaries (MAAA)
• Experience working with Catastrophe models
• CSPA Designation

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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