Reinsurance Assistant Actuary

You will lead and perform most complex analysis for the full range of actuarial activities related to Reinsurance pricing for a line of business (LOB). Build complex models and projections to enable the business to generate consistent and sound prices. Builds forecasts and models for reinsurance. Serve as subject matter expert and consultant to business partners throughout the organization. Present findings and recommendations regarding the 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 your geographic work location. Relocation support is offered for eligible candidates.

Primary Accountabilities

• Develops relationship with core business partners and provide insights and solutions to address specific business concerns.
• Explore new concepts, statistical models, and data sources to deliver innovative solutions for the business.
• May contributes to all aspects of pricing and may own the recurring process.
• May facilitate the pricing strategy.
• Help develop pricing for new products and rating structures.
• Monitor industry and competitor trends to determine potential impact to actuarial strategies and solutions.
• Analyze the profitability of assumed casualty treaty reinsurance opportunities.
• Maintain a portfolio analytics framework, ensuring consistent analytical standards for evaluating assumed reinsurance opportunities.
• Create a collaborative, performance-driven work environment by facilitating and fostering trust, transparency, and inclusion. Mentor and develop team members.
• Collaborate with Underwriting to provide input on potential deals.

Specialized Knowledge, Skills, and Education Requirements

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

Travel Requirements

• Up to 10%

Physical Requirements

• Work that primarily involves sitting/standing.

In this hybrid role you will be expected to work a minimum of 10 days in the Madison or Boston locations.

May be open to remote candidates.

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We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

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