Reinsurance Actuary (Remote)

American Family Insurance; Boston (MA); Remote; USD 111,000 - 190,000; Full time

Job summary

An established industry player is seeking a skilled actuary to lead complex analyses in reinsurance pricing. This role involves developing innovative models and forecasts, collaborating with business partners, and contributing to pricing strategies for new products. You'll leverage your expertise in advanced financial analysis and statistical techniques to ensure sound pricing decisions while mentoring team members. If you're passionate about making impactful contributions in the reinsurance sector, this is an exciting opportunity to thrive in a supportive and dynamic environment.

Benefits

Medical benefits

Dental benefits

Vision benefits

401(k) plan

Pension

Annual incentive

Paid holidays

Paid time off

Student loan repayment program

Paid family leave

Qualifications

• Experience with customer-driven solutions and support.
• Proficiency in analyzing and pricing reinsurance treaties.
• Knowledge of complex insurance structures and industry trends.

Responsibilities

• Develop relationships with business partners to provide insights.
• Contribute to pricing strategy and monitor industry trends.
• Create a collaborative environment and mentor team members.

Skills

Customer-driven solutions

Analyzing reinsurance treaties

Pricing casualty reinsurance

Insurance and reinsurance structures

Property and casualty products

Global reinsurance knowledge

Excel proficiency

SQL proficiency

Python programming

Advanced financial analysis

Education

Associate in Casualty Actuary Society (ACAS)

Fellow in Casualty Actuary Society (FCAS)

Tools

Excel

SQL

Python

RMS catastrophe models

AIR catastrophe models

Job description

You will lead and perform complex analyses for the full range of actuarial activities related to Reinsurance pricing for a line of business (LOB). You will build models and projections to enable the business to generate consistent and sound prices. Additionally, you will develop forecasts and models for reinsurance, serve as a subject matter expert and consultant to business partners across the organization, and present findings and recommendations regarding development or effectiveness.

You will report to the Director, Actuary - Reinsurance.

Position Compensation Range: $111,000.00 - $190,000.00

Pay Rate Type: Salary

Compensation may vary based on job level and geographic location. Relocation support is offered for eligible candidates.

Primary Accountabilities

1. Develop relationships with core business partners and provide insights and solutions to address specific business concerns.
2. Explore new concepts, statistical models, and data sources to deliver innovative solutions.
3. Contribute to all aspects of pricing and own the recurring process.
4. Facilitate the pricing strategy.
5. Help develop pricing for new products and rating structures.
6. Monitor industry and competitor trends to assess potential impacts on actuarial strategies.
7. Analyze the profitability of assumed casualty treaty reinsurance opportunities.
8. Maintain a portfolio analytics framework, ensuring consistent analytical standards.
9. Create a collaborative, performance-driven environment by fostering trust, transparency, and inclusion. Mentor and develop team members.
10. Collaborate with Underwriting to provide input on potential deals.

Specialized Knowledge, Skills, and Education Requirements

• Experience providing customer-driven solutions, support, or service.
• Experience analyzing assumed reinsurance treaties.
• Experience pricing assumed casualty reinsurance treaty submissions.
• Knowledge of complex insurance and reinsurance structures.
• Understanding of property and casualty products, pricing, rates, and industry trends.
• Knowledge of the global reinsurance industry, including market, regulatory constraints, judicial climate, and consumer activism.
• Proficiency with Excel, SQL, Python, and basic programming.
• Knowledge of catastrophe models such as RMS and AIR.
• Expertise in advanced financial and statistical analysis techniques, including actuarial methods.
• Understanding of data models and database design.
• Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).

Travel Requirements

• Up to 10%

Physical Requirements

• Primarily sitting/standing work.

#LI-Remote

We encourage you to apply even if you do not meet all listed requirements. Skills can be applied in various ways, and your experience may be relevant beyond a checklist of qualifications. We welcome passionate applicants!

Our benefits support your physical, emotional, and financial wellbeing, including medical, dental, vision, wellbeing benefits, a 401(k) plan, pension, annual incentive, paid holidays, and paid time off. Additional support includes a student loan repayment program and paid-family leave. Interns and contingent workers are not eligible for benefits.

We are an equal opportunity employer, committed to non-discrimination and compliance with applicable laws. We consider qualified applicants with criminal histories, consistent with legal requirements.