Associate Actuary

Associate Actuary

Company: American Modern Insurance Group

Location: Cincinnati, United States

Exciting opportunity to join our team as an Associate Actuary.

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

American Modern Insurance Group, Inc., a Munich Re company, is a recognized specialty insurance leader that delivers products and services for residential property and the recreational market. 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, 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 in a flexible environment.

Purpose:

Manage/direct the development, analysis, evaluation, and modeling of potential solutions using actuarial and/or predictive modeling methods to support the financial profitability and production goals of the company. Act as a high-level technical expert and work with management to provide strategic direction.

Lead projects associated with the development and update of actuarial/predictive models and databases through formula development, research on methodologies, and collaboration on technical items.

Roles & Responsibilities:

• Complete actuarial and/or predictive modeling analyses appropriate for the functional area, including rate filings, ultimate loss projections, pricing studies, and portfolio analysis.
• Direct the modification and enhancement of existing applications to address specific issues.
• Manage and lead communication, documentation, and coordination of information between actuarial departments and internal/external colleagues.
• Lead in the development of new methodologies, products, and procedures for American Modern.
• Peer review technical actuarial and/or predictive modeling work and provide constructive feedback.
• Participate or lead in the training of others on the use of models and the interpretation of results.
• Prepare for and pass actuarial exams and attain appropriate continuing education.
• Ensure all work adheres to applicable Actuarial Standards of Practice.
• Maintain an expert level of technical actuarial and statistical skills.
• Demonstrate ability to apply judgment and problem-solving skills to address complex issues.

Required Technical Skills:

Proficient computer skills and application of MS Office Suite, including actuarial software used for reserving, ratemaking, pricing, and data analysis.

Skills / Knowledge / Experience:

Generally, six (6) or more years of (re)insurance/actuarial experience is required.

Pricing experience preferred.

Education, Certifications & Designations:

• Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics, or related field.
• Membership in the Casualty Actuarial Society with the attainment of Associateship (ACAS).
• Membership in the American Academy of Actuaries (MAAA).

Benefits:

• Two options for health insurance (PPO or High Deductible).
• Prescription drug coverage.
• Vision and dental insurance plans.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans.
• Voluntary Benefit plans that supplement health and life insurance.
• A robust 401k plan with up to a 5% employer match.
• Paid time off that begins with 24 days each year.
• Eligibility to receive a yearly bonus.
• A variety of health and wellness programs provided at no cost.
• A hybrid environment that gives you a choice in where and how you work.
• An on-site complimentary workout facility and walking trails.
• Financial assistance for adoptions and infertility treatment.
• Tuition assistance and educational achievement bonuses.
• Free parking.
• 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 around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve.

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