Careers

This position is primarily responsible for ensuring adequacy of loss and loss adjustment expense reserves for all property and casualty lines of insurance in American Family Insurance Group. Other responsibilities include financial reporting for internal and external users, forecasting incurred losses for the Group's annual Profit Plan, performing consultative services for other divisions and other research activities.

Loss and Loss Adjustment Expense Reserving (50%)

• With some direction, develops and books the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
• Assists in the maintenance and development of the loss reserving database system and reports.
• Assists with the implementation of new reserving process efficiencies and techniques.
• Assists in the annual determination of the factor reserves and unknown injury reserves.
• Supports the Appointed Actuary by assisting with the Actuarial Opinion and Actuarial Report.

Losses Incurred Forecasting (20%)

• Assists in performing the annual losses incurred forecast. Takes into account economic conditions as they relate to the settlement of insurance contracts. Uses statistical methods to determine claim frequency, claim severity and pure premium trends.
• Communicates loss forecasts with Personal Lines, Commercial Lines, Health, Claims, Actuarial, Marketing and Budget.
• Assists the maintenance and development of the losses incurred forecasting system and reports.
• Under immediate direction, performs actuarial modeling to quantify the impact of risks from the Group`s property and casualty operations.

Financial Reporting (20%)

• Measures, evaluates and communicates deviations of underwriting results from the annual Profit Plan on a quarterly basis.
• Provides loss information for various company reports; e.g., Agent Operating Report, Quarterly Operating Report, submission of experience to reinsurance broker
• Assists in the preparation of Annual Statement exhibits related to losses and loss adjustment expenses.
• Assists in determining the monthly property and casualty insurance operating results.
• Provides information for specialized data calls from external agencies including AMBest and state insurance departments.

Expert Resource (10%)

• Communicates with other divisions in answering inquiries and provides explanations of an actuarial nature.
• Provides consultative services and assists operational management in the development of business plans and operational plans.
• Actively participates on and represents the division on cross-functional development teams for new programs and processes in all areas of operations.

Travel Requirements

• This position requires travel up to 10% of the time.

Education/Licenses/Designations

• Successful completion of four Casualty Actuarial Society examinations.

Specialized Knowledge and Skills Requirements

• Demonstrated experience providing customer-driven solutions, support or service
• Demonstrated experience dealing with information in an accurate and complete manner.
• Demonstrated experience working independently in assigned areas of responsibility.
• Knowledge and understanding about interrelation of department and corporate objectives and functions.
• Solid knowledge and understanding of computer concepts in both desktop and mainframe environments.
• Solid knowledge and understanding of insurance products and related reserving concepts.
• Two (2) years of related actuarial work experience.

Additional Job Information:

• Based on candidate qualifications we are open to hiring at all levels.
• Proficiency with Python desired.
• Offer to selected candidate will be made contingent on the results of applicable background checks.
• Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions.
• Relocation assistance is available.