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American Family Insurance - Corporate Pricing Actuary or Sr. Pricing Actuary - Personal Lines Auto (Open to Remote) in Afghanistan

At American Family Insurance, we believe people are an organization’s most valuable asset, and their ideas and experiences matter. From our CEO to our agency force, we’re committed to growing a diverse and inclusive culture that empowers innovation that will inspire, protect, and restore our customers’ dreams in ways never imagined.

American Family Insurance is driven by our customers and employees. That’s why we provide more than just a job – we provide opportunity. Whether you’re already part of our team in search of a new challenge or new to our company and ready for what’s next, you’re in the right place. Every dream is a journey that starts with a single step. Start your journey right here. Join our team. Bring your dreams.

Job ID:

R20892 Pricing Actuary or Sr. Pricing Actuary - Personal Lines Auto (Open to Remote) (Open)

Compensation may vary based on the job level and your geographic work location.

Compensation Minimum:$101,500

Compensation Maximum:$162,500

Summary:

The Pricing Actuary is a credentialed Actuary that contributes to the development and significant revisions to ratemaking methodologies. Develops and implements statistical models and conducts other advanced actuarial analysis. Leads ratemaking research efforts and provides peer review of analysis and completed work products.

Job Description:

Primary Accountabilities

Ratemaking (45%)

  • Contributes to recommendations and significant revisions to ratemaking methodologies.

  • Provide input and recommendations for rate of return analysis.

  • Provides additional analysis to support complex business partner requests.

  • Contributes to all aspects of indication development and owns the recurring process; utilization of catastrophe models to develop recommendations for ratemaking and exposure concentration analysis.

  • Provide insights and develops recommendations to contribute to pricing strategies and P&G planning.

  • Maintains awareness and thorough understanding of the state`s business performance indicators/measures and state specific issues.

  • Works with business partners to develop rate recommendations.

  • Facilitate the rate review process and contributes to the pricing committee meetings to support the pricing strategy.

  • Develops relationship with core business partners and provide insights and solutions to address specific business concerns.

Research & Development (40%)

  • Explores new concepts statistical models, and data sources to deliver innovative solutions for the business.

  • Assist with the development of pricing for new products and rating structures.

  • Provides actuarial expertise and consultation on product development.

  • Represents Pricing on various data efforts including dataset development and consultation on data and analytical development.

  • Assist with development of classification ratemaking methodologies and models.

Other Duties (15%)

  • Responsible for peer review of work products.

  • Monitors industry and competitor trends to determine potential impact to American Family and Actuarial strategies and solutions.

  • Actively pursues continuing education through formal and informal educational programs.

  • Represent the pricing department on various projects and initiatives.

  • Acts as a resource and a mentor to help develop staff.

Specialized Knowledge and Skills Requirements

  • Demonstrated experience providing customer-driven solutions, support or service

  • Demonstrated experience communicating complex data to multiple business partners.

  • Extensive knowledge and understanding of underwriting guidelines and concepts and the impact to rates.

  • Extensive knowledge and understanding of property and casualty products, pricing, rates and industry trends.

  • Extensive knowledge, understanding and demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques.

Education/Licenses/Designations

  • At least, the Associate of the Casualty Actuarial Society (ACAS).

  • Bachelors Degree in Math, Actuarial Science, Statistics or other related quantitative discipline.

Travel Requirements

  • This position requires travel up to 5% of the time

Additional Job Information:

Depending on qualifications (experience and exam status), candidates may be considered at the Senior Pricing Actuary.

Top candidates will have 8+ years of P&C experience and prior Ratemaking experience.

​Offer to selected candidates will be made contingent on the results of applicable background checks.

Offer to selected candidates is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions.

We are open to hiring candidates to work remotely (anywhere in the USA).

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When you work at American Family you can expect 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, and a paid-time off program. 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 Enterprise benefits.

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At American Family Insurance, we know how hard our customers and employees work to achieve their dreams. That’s why, for over 90 years, we’ve made it our mission to protect those dreams. It’s all part of who we are and who we’ll always be – innovative, caring, agile, trustworthy, transparent and passionate. We’re a strong, forward-looking company and a proven leader in our industry. And if you’re looking to make a difference, we’re looking for you.

Join Our Enterprise Talent Community !

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