Reinsurance Actuary (Remote)

American Family Insurance Agency Staff; Minneapolis (MN); 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. This role involves building models, collaborating with business partners, and presenting findings to drive effective pricing strategies. The ideal candidate will have expertise in advanced financial analysis and a solid understanding of the global reinsurance landscape. With a commitment to innovation, this forward-thinking company offers a supportive environment for professional growth and development. Join a team that values collaboration and fosters trust while making impactful contributions to the industry.

Benefits

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Pension plan

Paid holidays

Paid time off

Student loan repayment

Paid family leave

Qualifications

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

Responsibilities

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

Skills

Customer-driven solutions

Reinsurance treaties analysis

Complex insurance structures

Property and casualty products

Global reinsurance regulations

Excel proficiency

SQL proficiency

Python programming

Catastrophe models knowledge

Advanced financial analysis

Education

Associate in Casualty Actuary Society (ACAS)

Fellow in Casualty Actuary Society (FCAS)

Tools

Excel

SQL

Python

Job description

You will lead and perform complex analyses for a range of actuarial activities related to Reinsurance pricing for a line of business (LOB). Your responsibilities include building models and projections to enable the business to generate consistent and sound prices, as well as serving as a subject matter expert and consultant to business partners. You will present findings and recommendations on 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 concerns.
2. Explore new concepts, statistical models, and data sources to deliver innovative solutions.
3. Contribute to all aspects of pricing and manage recurring processes.
4. Facilitate pricing strategies.
5. Develop pricing for new products and rating structures.
6. Monitor industry and competitor trends to assess potential impacts.
7. Analyze profitability of casualty treaty reinsurance opportunities.
8. Maintain a portfolio analytics framework with consistent standards.
9. Create a collaborative environment, fostering trust, transparency, and inclusion. Mentor team members.
10. Collaborate with Underwriting on potential deals.

Specialized Knowledge, Skills, and Education Requirements

1. Experience providing customer-driven solutions and support.
2. Experience analyzing assumed reinsurance treaties and pricing submissions.
3. Knowledge of complex insurance and reinsurance structures.
4. Understanding of property and casualty products, pricing, and industry trends.
5. Knowledge of the global reinsurance industry, regulations, and market conditions.
6. Proficiency in Excel, SQL, Python, and basic programming.
7. Knowledge of catastrophe models like RMS and AIR.
8. Expertise in advanced financial and statistical analysis techniques including actuarial methods.
9. Understanding of data models and database design.
10. Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).

Travel Requirements

Up to 10%

Physical Requirements

Sitting/standing primarily.

#LI-Remote

We encourage applications even if all requirements are not met, as skills can be applied in various ways. We support your physical, emotional, and financial wellbeing through comprehensive benefits, including medical, dental, vision, a 401(k), pension plan, annual incentives, 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 committed to non-discrimination and consider qualified applicants with criminal histories, in accordance with applicable laws.