Actuarial Analyst (Hybrid)

American Family Insurance; Madison (WI); Hybrid; USD 62,000 - 103,000; Full time

Benefits offered by this job

Relocation support

Hybrid work model

Competitive compensation

Job summary

American Family Insurance in Madison, WI is seeking an actuarial pricing professional to support pricing and ratemaking for an assigned line of business. You will analyze loss, premium, and expense experience and help build models and tools for sound, competitive pricing.

This hybrid role requires a minimum of 10 days per month from Madison, WI or Boston, MA. Relocation support is offered, and compensation ranges from $62,000 to $103,000 depending on level and location.

Qualifications

• Actuarial pricing analyses for pricing decisions.
• Strong Excel skills; familiarity with one programming language.
• Knowledge of SQL/SAS/Python/R for modeling.
• Pursuing ACAS/FCAS with exam progress.

Responsibilities

• Conduct pricing analyses and summarize findings for pricing decisions.
• Support rate filings with state departments; respond to regulatory questions.
• Assist in actuarial modeling and development of pricing tools and reporting.
• Support competitive and market analysis to identify trends and opportunities.

Skills

Actuarial analysis

Pricing strategy

Excel

Programming knowledge

Forecasting

Education

ACAS/FCAS in progress

Tools

SQL

SAS

Python

R

VBA

Job description

Job Summary

Supports actuarial pricing and ratemaking activities for an assigned line of business. Analyzes loss, premium, and expense experience using actuarial and statistical techniques to inform rate indications, pricing decisions, and portfolio monitoring. Assists in building and maintaining models and tools that help the business develop consistent, sound, and competitive pricing.

In this hybrid, you will be expected to work a minimum of 10 days per month from one of the following office locations: Madison, WI 53783; Boston, MA 02110. Internal candidates are encouraged to apply and should review the internal mobility guidelines in the hybrid policy reference guide for more information.

#LI-Hybrid

Position Compensation Range: $62,000.00 - $103,000.00

Pay Rate Type: Salary. Compensation may vary based on the job level and your geographic work location.

Relocation support is offered for eligible candidates.

Primary Accountabilities

• Conducts experience analyses (loss, premium, and expense) and summarizes findings to support pricing strategy and business decisions.
• Supports competitive and market analysis; helps identify trends, impacts, and opportunities.
• Assists with actuarial modeling to quantify risk and evaluate pricing alternatives (e.g., indications, relativities, scenario/sensitivity testing).
• Provides technical support for rate filings with state insurance departments, including documentation and responses to regulatory questions.
• Supports the rate review process by preparing analyses and materials for pricing meetings and stakeholder discussions.
• Assists in the development, enhancement, and maintenance of pricing tools, templates, and reporting.
• Assists with pricing analyses for new products and coverage enhancements.

Specialized Knowledge & Skills Requirements

• Demonstrated experience providing customer-driven solutions, support, or service.
• Basic understanding of property & casualty insurance products, pricing/rates, and industry trends.
• Basic understanding of underwriting guidelines and concepts.
• Demonstrated experience performing statistical/actuarial analysis, forecasting, and modeling.
• Proficiency in Excel; working knowledge of at least one programming or query language (e.g., SQL/SAS, Python, R, VBA).
• Pursuing Associate or Fellow of the Casualty Actuarial Society (ACAS/FCAS), with demonstrated exam progress.
• Preferred candidates with prior actuarial experience.

Additional Information

To ensure a strong start, all employees participate in our New Employee Orientation during their first week. This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth. At times, sessions may be delivered virtually based on scheduling and availability.

Offer to selected candidate will be made contingent on the results of applicable background checks. Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions. Sponsorship will not be considered for this position unless specified in the posting.

Benefits

• 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. American Family Insurance is committed to the full inclusion of all qualified individuals. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email [e-mail] to request a reasonable accommodation.

About the Company

American Family Insurance, based in Madison, Wis., has been serving customers since 1927. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investments and creative partnerships. American Family Insurance is the nation's 12th-largest property/casualty insurance company, ranking No. 202 on the Fortune 500 list. American Family has a current 'a+' credit rating through AM Best, and has distinction as a 'Standing the Test of Time' company, which is represented by having an AM Best financial strength rating of 'A' or better for at least 75 years. The company offers American Family-brand products through a network of exclusive agency owners as well as nationwide through key strategic partnerships. American Family Insurance also includes Homesite and Main Street America Insurance. The company has approximately 10,500 employees nationwide. Join our Talent Community.