Actuarial Managers in the Pricing organization at American Modern Insurance Group are in a unique position to influence the financial results and direction of the company. Our Actuarial Methods and Analysis Manager is a critical member of the Actuarial Management Team charged with developing methodology and tools, and leading analysis that will assist in evaluating our profit position and identifying areas for growth. The Methods and Analysis Manager’s responsibilities include:
Train, Develop and Supervise 2-3 direct reports (Actuarial Students and/or Actuarial Data and Systems Developers)
Lead in the development of new or enhancements to actuarial methods
Lead analysts in special studies
Serve as the Actuarial Lead in the creation and maintenance of actuarial data sources
Maintain ownership of actuarial tools and templates
Create and publish actuarial reports used to manage the business
May Issue Actuarial Opinions related to pricing
Lead in the development of Annual Loss Ratio Planning methodology and coordination with Finance on the finalization of the actual plans
Maintain an expert level of actuarial technical skills and compliance with AAA or CAS continuing education requirements
Ensure compliance with all Actuarial Statements of Principles and Standards of Practice
Together with the other Actuarial Managers participate in the selection of new associates and management of the Actuarial Student program at American Modern
Work with the Predictive Modeling team on the development and implementation of new class plans
The Methods and Analysis Actuarial Manager will interact regularly with the Regional and Specialty Clients Actuarial Managers, Product Management, and Portfolio Analysis. There are opportunities to enhance and further develop their business acumen by working and interacting with associates from Sales, Marketing, Claims, Underwriting, Finance, IT, Reinsurance Brokers, and other Actuaries in the Munich Re organization.
ACAS or member of another International Actuarial Organization
Demonstrated commitment and continued pursuit of FCAS designation
6+ Years experience in an actuarial capacity in Property Casualty Insurance
Bachelors degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.
Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
Demonstrated ability to think logically and perform analysis in a timely manner.
Demonstrated superior level of written and oral communication skills.
Demonstrated ability to interact effectively with areas of the company outside Actuarial
Strong command of Excel as well as some knowledge of programming and databases such as SAS, R, SQL, Visual Basic and Macros
FCAS or member of another International Actuarial Organization
8+ Years experience in an actuarial capacity in Property Casualty Insurance
Experience building and working with Predictive Models for Property Casualty rate making
Experience working with Catastrophe models
Advanced Statistical degree
Employer will assist with relocation costs.
Additional Salary Information: Annual target bonus
LTIP - Long Term Incentive Plan
American Modern® provides market insurance solutions for customers who need coverage not readily found in the general insurance market. American Modern is a widely recognized as a leader in this “specialty market.” We protect classic cars, motorcycles, ATVs, boats, yachts, and snowmobiles, and, in the residential sector, rental and vacant property, year-round or vacation homes, and mobile homes.