Planning Analytics & Risk Management Actuary - Actuarial Analyst I

The Cincinnati Insurance Companies; Fairfield (OH); On-site; USD 65,000 - 80,000; Full time

Benefits offered by this job

Annual bonus

Stock incentives

Job summary

The Cincinnati Insurance Companies invites applications for an actuarial analyst to join our Fairfield, Ohio headquarters analytics team. You will help prepare financial forecasts, model pricing, and analyze risks across major P&C products.

The role supports strategic planning and rate filings while leveraging tools like Excel and SAS. Candidates should hold a bachelor’s degree in actuarial science or related fields and are encouraged to pursue actuarial designation.

Qualifications

• Bachelor's degree or higher in actuarial science or related field.
• Actuarial exam progression and support for designation.
• Strong analytical and mathematical abilities.

Responsibilities

• Prepare financial forecasts for major property and casualty products.
• Estimate distribution and variability of forecasts.
• Perform risk analyses of loss reserves.
• Provide analytical support for strategic planning.
• Develop pricing for assigned states and product lines.
• Provide filing support for rate changes
• Work with models to assess competitive advantages.
• Price and model reinsurance transactions for assumed operations.

Skills

Communication

Problem solving

Independent work

Teamwork

Excel

SAS

Education

Bachelor's degree in actuarial science or related field

Tools

Excel

SAS

Job description

Make a difference with a career in insurance

At The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we’re looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision to be the best company serving independent agents. We help protect families and businesses as they work to prevent or recover from a loss. Share your talents to help us reach for continued success as we bring value to the communities we serve and demonstrate that Actions Speak Louder in Person.

Build your future with us

Our Actuarial department is currently seeking an actuarial analyst to join the analytics team. This position is based at our Headquarters in Fairfield, Ohio.

The pay range for this position is $65,000 - $80,000 annually. The pay determination is based on the applicant’s education, experience, knowledge, skills, and exams passed. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.

Be Ready To

• Responsibilities will vary dependent upon placement in one of our actuarial departments and could include:
  • preparing financial forecasts for each of the major property and casualty products written by Cincinnati Insurance
  • estimating the distribution and variability of financial forecasts
  • performing risk analyses of property and casualty loss reserves
  • providing analytical support for strategic planning
  • developing pricing for assigned states and product lines
  • providing filing support for rate changes
  • working with models to assess competitive advantages with major competitors
  • pricing and modeling reinsurance transactions in support of our assumed reinsurance operations

Be Equipped With

• communicate effectively both in speech and writing
• solve problems systematically and creatively
• work both independently and as part of a team
• use computers confidently; Microsoft Excel and SAS experience are preferred

Bring Education And Experience From

• qualified candidates have an excellent academic record, including a bachelor's degree or higher in actuarial science, mathematics, statistics, physics, economics or a similar technical field of study; business coursework is a plus
• preferred candidates have passed at least one exam and are pursuing an actuarial designation. To assist associates with this goal, Cincinnati offers a competitive study program that includes study time, financial support for seminars and financial incentives to attain professional designations

Enhance your talents

Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you’re new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional – all while enjoying a meaningful career.

Enjoy Benefits And Amenities

Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated. To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities .

Embrace a diverse team

As a relationship-based organization, we welcome and value a diverse workforce.

We grant equal employment opportunity to all qualified persons without regard to race; creed; color; sex, including sexual orientation , gender identity and transgender status ; religion; national origin; age; disability; military service; veteran status; pregnancy; AIDS/HIV or genetic information; or any other basis prohibited by law.

All job applicants have rights under Federal Employment Laws.

Please review this information to learn more about those rights.

US-OH-Fairfield