Actuarial Specialist/Senior Actuarial Specialist (Hybrid)

American Family Insurance Agency Staff; Madison (WI); Hybrid; USD 80,000 - 131,000; Full time

Benefits offered by this job

Comprehensive benefits

401(k) + pension

Paid holidays

Paid time off

Student loan repayment

Paid family leave

Job summary

American Family Insurance in Madison, WI, is seeking an actuary pricing professional to analyze loss, premium, and expense data and support pricing strategy. The role involves modeling, tools development, and collaboration with stakeholders in a hybrid work setting.

You will perform statistical analyses, assist with rate filings, and help monitor pricing indications and scenarios. Competitive compensation reflects experience and geographic location within the United States.

Qualifications

• Experience performing actuarial analysis, forecasting, and modeling.
• Basic understanding of property & casualty insurance pricing/rates and industry trends.
• Involvement with rate filings and regulatory inquiries.
• Proficiency in Excel and at least one programming/query language (SQL/SAS, Python, R, VBA).
• Actively pursuing ACAS/FCAS with at least three exams passed.

Responsibilities

• Conducts experience analyses to support pricing strategy and business decisions.
• Supports market analysis to identify trends and opportunities.
• Assists with actuarial modeling to quantify risk and evaluate pricing options.
• Supports rate filings with state departments and responses to questions.
• Maintains pricing tools, templates, and reporting; assists with new products pricing.

Skills

Actuarial experience

Pricing experience

Excel

SQL/SAS/Python/R/VBA

Statistical analysis

Education

ACAS/FCAS designation in progress

Bachelor's degree

Tools

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; Boston, MA 02110;

• comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health.
• 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).
• 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.