Senior Actuary, Capital Modeling & Forecasting

American Family Insurance; Boston (MA); Hybrid; USD 131,000 - 220,000; Full time

Job summary

American Family Insurance in Boston is seeking an experienced actuary to lead advanced analytics for pricing, ratemaking, and capital modeling.

You will perform stochastic modeling to forecast financial strength, work with product lines, and communicate results to leadership. This hybrid role requires a presence in the office about 10 days per month, with relocation support offered where applicable.

Qualifications

• Demonstrated experience providing customer-driven solutions, support, or service.
• Extensive knowledge and understanding of property and casualty products, pricing, rates and industry trends.
• Extensive knowledge and understanding of underwriting guidelines and concepts, pricing, ratemaking, loss reserving, modeling or reinsurance depending upon area of specialty.
• Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques.
• Extensive knowledge and understanding of forecasting and statistical analysis and modeling.
• Solid knowledge and understanding of profitability, growth and risk concepts.
• Fellow in Casualty Actuary Society (FCAS).

Responsibilities

• Provides consultation and develops or leads the development of models and projections to enable new start-up organizations.
• Provide actuarial expertise and consultation on the full range of actuarial activities related to either insurance pricing or ratemaking for a line of business (LOB), loss reserving, modeling or reinsurance Leads development of pricing for new products and rating structures.
• Explores new concepts, statistical models, and data sources to deliver innovative solutions for the business.
• Monitors industry and competitor trends to determine potential impact to actuarial strategies and solutions.
• Leads projects and/or develops staff.

Skills

Customer-focused

Pricing & ratemaking

Forecasting

Statistical analysis

Leadership

Communication

Education

FCAS

Tools

SQL

R

Python

Job description

American Family Insurance in Boston is seeking an experienced actuary to lead advanced analytics for pricing, ratemaking, and capital modeling.

You will perform stochastic modeling to forecast financial strength, work with product lines, and communicate results to leadership. This hybrid role requires a presence in the office about 10 days per month, with relocation support offered where applicable.