Actuarial Specialist/Senior Actuarial Specialist (Hybrid)

AFMIC American Family Mutual Insurance Company, S.I.; Madison (WI); Hybrid; USD 80,000 - 131,000; Full time

Benefits offered by this job

Relocation support

Hybrid work model

Pension plan

401(k) contribution

9 paid holidays

Paid time off

Student loan repayment

Paid-family leave

Wellbeing benefits

Job summary

AFMIC American Family Mutual Insurance Company, S.I. in Madison, WI is seeking an actuarial pricing professional to support pricing and ratemaking for an assigned line of business. The role analyzes loss, premium, and expense experience, builds models, and assists in rate filings and pricing discussions.

Candidates should have actuarial experience, Excel proficiency, and knowledge of SQL/SAS/Python. This hybrid position offers relocation support and competitive compensation within $80k–$131k

Qualifications

• Specialized experience in actuarial pricing and ratemaking for an assigned line of business.
• Strong background in analyzing loss, premium, and expense data using statistical methods.
• Proficiency in Excel and at least one programming or query language (SQL/SAS, Python, R, VBA).
• Actively pursuing ACAS/FCAS designation with exams in progress.
• Minimum 2 years of actuarial pricing experience; P&C pricing preferred.

Responsibilities

• Conducts experience analyses and summarizes findings to support pricing strategy.
• Supports competitive and market analysis to identify trends and opportunities.
• Assists with actuarial modeling to quantify risk and evaluate pricing options.
• Supports rate filings with state departments, including documentation and responses.
• Prepares analyses and materials for pricing meetings and stakeholder discussions.
• Assists in developing, enhancing, and maintaining pricing tools and reports.
• Contributes to pricing analyses for new products and coverage enhancements.

Skills

Actuarial analysis

Pricing strategies

Excel proficiency

SQL/SAS/Python

ACAS/FCAS pursuit

Education

Actuarial certification pursuit (ACAS/FCAS)

Tools

Excel

SQL

SAS

Python

R

VBA

Job description

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.

Position Compensation Range: $80,000.00 - $131,000.00

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).

• Actively pursuing Associate or Fellow designation from the Casualty Actuarial Society (ACAS/FCAS), with at least three exams passed.

• At least 2 years of actuarial experience; property & casualty pricing experience preferred.

Travel Requirements: Up to 10%.

Physical Requirements: Work that primarily involves sitting/standing.

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

In this hybrid role, you will be expected to work a minimum of 10 days per month from the office. Candidates should reside within approximately 35-50 miles of one of the following office locations: Madison, WI 53783 or Boston, MA 02110.

Internal candidates are encouraged to apply regardless of locationand will be considered based upon the needs of the role.

#LI-Hybrid

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.

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