Actuarial Analyst I or II

Company
American Modern Insurance Group
Location
Cincinnati , United States

Title: Actuarial Analyst I or II

Location: current schedule is hybrid (40-50% in the Amelia, Ohio office)

Recruiter: Sonya Fischesser

Exempt position

 

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property – such as manufactured homes and specialty dwellings – and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can’t. We write admitted products in all 50 states and have a premium volume of $1.9 billion.

 

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re’s Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.

 

Purpose:

Provide required technical expertise in the appropriate evaluation of risk and profitability based on sound actuarial and statistical principles and techniques.

 

Roles & Responsibilities:

Because this role is a part of the rotation program within Predictive Analytics and Actuarial Services, initial emphasis will be on building Pricing models using R.

 

• Prepare and complete actuarial and/or predictive modeling analysis appropriate for the functional area. May include ultimate loss projections, pricing studies, rate filings, risk capital modeling, portfolio analysis, and research projects or claims analytical studies.
• Participate in the development of actuarial presentations and present results/topics to managers or other team members.
• Completion of required data preparation, including data input. Identify data issues requiring specialized actuarial attention.
• Document and communicate results and alternatives to actuarial staff and internal customers.
• Modify existing R based tools and expand knowledge of relevant software, tools and technology such as Databricks, DevOps, Earnix, etc.
• Participate in the development of new methodologies, products, and procedures.
• Complete peer reviews.
• Prepare for and pass actuarial exams. 
• May assist in the training of new actuarial analysts and/or data scientists.

 

Required Technical Skills:

• Strong analytical abilities including understanding of advanced mathematics and statistical concepts including GLMs, Principal Component Analysis, Clustering techniques, and Regularization techniques.
• Strong background in Statistical programming in R, Python or related software for modeling and other analyses. General programing and data knowledge including SQL.
• Strong command of Excel (including VBA and macros) and other computer and MS Office Suite applications. 
• Proven ability to pass actuarial exams.

 

Skills / Knowledge / Experience:

Level I

• Basic knowledge and understanding of actuarial and predictive modeling techniques and property/casualty insurance and reinsurance.
• Still acquiring higher level skills.

Level II

• Strong technical actuarial and statistical skills.
• Assists in the training of new actuarial analysts.
• Still acquiring higher level skills.
• Two or more years of insurance/actuarial experience.
• A graduate degree in physics, engineering, applied mathematics, or statistics may be substituted for experience.

 

Education, Certifications & Designations:

Level I: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis. GPA 3.2 or higher. Passed at least 1 exam for CAS designation

Level II: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis. GPA 3.2 or higher. Passed a minimum of 3 exams for CAS designation. A graduate degree in physics, engineering, applied mathematics or statistics may be substituted for 1 actuarial exam.

 

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Prescription drug coverage (included in your health insurance plan)
• Vision and dental insurance plans
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

 

In addition to the above insurance offerings, our employees also enjoy:

 

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• A variety of health and wellness programs provided at no cost
• A hybrid environment that gives you a choice in where and how you get work done
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• An on-site complimentary workout facility as well as walking trails on campus grounds
• On-site wellness center complete with nurse practitioner
• Financial assistance for adoptions and infertility treatment
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Free parking
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

 

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.  

 

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

 

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