Reinsurance Actuary (Remote)

American Family Insurance; Denver (CO); Remote; USD 111,000 - 190,000; Full time

Job summary

An established industry player is seeking a skilled actuary to lead complex analyses for reinsurance pricing. In this pivotal role, you will build models, develop forecasts, and serve as a subject matter expert, collaborating with various business partners. Your insights will drive innovative solutions and pricing strategies, ensuring the organization remains competitive in the market. This position offers an exciting opportunity to impact the business significantly while working in a supportive environment that values your expertise and fosters professional growth. If you are passionate about actuarial science and want to make a difference, we encourage you to apply!

Benefits

Comprehensive medical benefits

Dental and vision insurance

401(k) plan

Pension plan

Annual incentive

Paid holidays

Paid time off

Student loan repayment

Paid family leave

Qualifications

• Experience in providing customer-driven solutions and support.
• Strong knowledge of complex insurance and reinsurance structures.

Responsibilities

• Develop relationships with business partners and provide insights.
• Analyze profitability of reinsurance treaty opportunities.

Skills

Customer-driven solutions

Reinsurance treaty analysis

Pricing casualty reinsurance

Insurance and reinsurance structures

Property and casualty products knowledge

Global reinsurance industry knowledge

Excel

SQL

Python

Statistical analysis techniques

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). Build models and projections to enable the business to generate consistent and sound prices. Develop forecasts and models for reinsurance. Serve as a subject matter expert and consultant to business partners throughout the organization. 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 the job level and geographic work 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 for the business.
3. Contribute to all aspects of pricing and may 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 determine potential impact on actuarial strategies and solutions.
7. Analyze the profitability of assumed casualty treaty reinsurance opportunities.
8. Maintain a portfolio analytics framework, ensuring consistent analytical standards for evaluating reinsurance opportunities.
9. Create a collaborative, performance-driven work 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

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

Travel Requirements: Up to 10%

Physical Requirements: Work primarily involves sitting/standing.

#LI-Remote

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

We offer benefits supporting your physical, emotional, and financial wellbeing, including comprehensive medical, dental, vision, wellbeing benefits, a competitive 401(k), pension plan, annual incentive, paid holidays, paid time off, student loan repayment, and paid-family leave. Interns and contingent workers are not eligible for benefits.

We are an equal opportunity employer, complying with all applicable laws regarding non-discrimination, non-harassment, and equal opportunity. Qualified applicants with criminal histories are considered in accordance with law.