Reinsurance Actuary (Remote)

American Family Insurance Agency Staff; 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 in reinsurance pricing. In this vital role, you'll build models and projections that enable the business to establish sound pricing strategies. You'll collaborate with business partners, mentor team members, and stay ahead of market trends to ensure competitive pricing. The position offers a dynamic work environment that values innovation and collaboration, making it an exciting opportunity for those passionate about actuarial science and its impact on the insurance industry.

Benefits

Medical benefits

Dental benefits

Vision benefits

401(k) plan

Pension plan

Annual incentive

Paid holidays

Paid time off

Student loan repayment

Paid family leave

Qualifications

• Experience providing customer-driven solutions and support.
• Knowledge of complex insurance and reinsurance structures.
• Understanding of data models and database design.

Responsibilities

• Develop relationships with core business partners for insights.
• Explore new statistical models and data sources.
• Monitor industry trends to assess actuarial strategies.

Skills

Customer-driven solutions

Reinsurance treaty analysis

Pricing casualty reinsurance

Complex insurance structures

Property and casualty products

Global reinsurance knowledge

Excel

SQL

Python

Statistical analysis techniques

Education

Associate in Casualty Actuary Society (ACAS)

Fellow in Casualty Actuary Society (FCAS)

Tools

Excel

SQL

Python

Catastrophe models (RMS, AIR)

Job description

You will lead and perform complex analysis 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 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 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 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. Advanced financial and statistical analysis techniques, including actuarial methods.
10. Understanding of data models and database design.
11. 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. We value passion and motivation!

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

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