Reinsurance Assistant Actuary

🕒 June 29

🧀 Wisconsin – Remote

🧀 Wisconsin – Remote

💵 $113k - $194k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

📊 Actuary

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American Family Insurance

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1927

🛡️ Insurance

💸 Finance

👥 B2C

Insurance • Finance • B2C

American Family Insurance is a leading insurance company offering a range of personal insurance products including home, auto, life, and umbrella insurance. With a focus on customer satisfaction, American Family Insurance is trusted by over 12 million customers and has earned high ratings for its digital insurance shopping experience. The company emphasizes the convenience of managing insurance through its MyAmFam app, allowing customers to pay bills, file claims, and access policy information easily. The company also offers significant discounts for bundling multiple insurance products. American Family Insurance is headquartered in Madison, Wisconsin, and is committed to customer service, corporate responsibility, and community involvement.

📋 Description

• Perform most complex analyses for the full range of actuarial activities related to Reinsurance pricing and analysis for one or more lines of business (property, casualty, mortgage, non-standard auto) • Build complex models and projections to help the business to create sound pricing and appropriate risk-adjusted returns on capital • Build forecasts and models for reinsurance • Be a subject matter expert and consultant to partners throughout the organization • Present recommendations regarding the development or effectiveness of multiple strategies • Develop relationships with important partners and provide insights and solutions to address specific business concerns • Explore new concepts, statistical models, and data sources to provide solutions for the business • May contribute to all aspects of pricing, lead the recurring process, facilitate the pricing strategy, and 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 property & 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 promoting trust, transparency, and inclusion • Collaborate with Underwriting and the rest of the Pricing & Analytics team to help with submissions and potential deals

🎯 Requirements

• Associate or Fellow in Casualty Actuary Society (ACAS or FCAS) • Prior reinsurance experience strongly preferred, but candidates with strong primary pricing experience, especially large account pricing, will also be considered • Demonstrated experience providing customer-driven solutions, support or service • Demonstrated experience analyzing assumed reinsurance treaties • 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 and its markets • Demonstrated experience with Excel, SQL, Python, and basic programming • Solid knowledge of catastrophe models • 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.

🏖️ Benefits

• Comprehensive medical, dental, vision and wellbeing benefits • Competitive 401(k) contribution • Pension plan • Annual incentive • 9 paid holidays • Paid time off program (23 days accrued annually for full-time employees) • Student loan repayment program • Paid-family leave