As a Principal Actuary, you will lead complex actuarial projects in an engaging work environment that values collaboration and strives for excellence. You will work closely with other actuaries to review and enhance rate level indications and/or rate segmentation analyses for a line of business. Your primary responsibility will be to provide sound pricing recommendations to the Product Manager who is responsible for the performance of these states. You will report to the Senior Manager, Actuary.
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The candidate(s) selected for this role will be employed by Homesite Group Incorporated, an affiliate of American Family Mutual Insurance Company, S.I.
Position Compensation Range:
$109,000.00 - $186,000.00
Pay Rate Type: Salary
Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.
Certain geographic locations may qualify for a salary range of $123,000 to $209,000 Yearly.
Position Compensation Range:
Pay Rate Type:
SalaryCompensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.
Primary Accountabilities
- You will 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.
- You will explore new concepts, statistical models, and data sources to deliver innovative solutions for the business.
- You will monitor industry and competitor trends to determine potential impact to actuarial strategies and solutions.
- You will lead projects and/or develops staff.
Specialized Knowledge & Skills Requirements
- Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).
- 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.
Licenses
• Not applicable.
Travel Requirements
• Up to 10%.
Physical Requirements
• Work that primarily involves sitting/standing.
Working Conditions
• Not applicable.
We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!
We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.
We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.
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American Family Insurance
American Family Insurance, also known as AmFam, is a private mutual company that provides personal, commercial, and life insurance, along with investment and retirement-planning products. Established in 1927, it's headquartered in Madison, Wisconsin, USA. AmFam offers a dynamic environment with a focus on innovative risk assessment and management strategies, leveraging advanced analytics and data to drive decision-making in insurance and financial services.