Actuarial Analyst I

Company
American Modern Insurance Group
Location
Cincinnati , United States

Title: Actuarial Analyst

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

Recruiter: Sonya Fischesser

Exempt position

Posting end date: 02/14/2025

 

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.

 

Actuarial Analysts with American Modern Insurance Group have the opportunity to work in three primary areas that will develop their actuarial skills:  Pricing, Reserving and Predictive Modeling.  Work in these areas involves the following types of activities:

 

Pricing

• Development of rate level indications for all lines of business

• Selection of pricing levels for each state and line in close collaboration with Product Management

• Development of strategies to drive profitable growth

• Filing support for rate changes

• Development of profitability scorecards that drive strategy and resource allocation

• Annual Loss Ratio Planning

• Special Projects

• Predictive Modeling

• Data preparation and cleansing for modeling

• Statistical modeling using R

• Pricing Model implementation support

• Statistical Modeling to support Marketing, Underwriting and Claims

Reserving

• Analysis of Loss and Loss Adjustment Reserves

• Monitoring of Reserve Adequacy

• Development of Quarterly IBNR Booking Amounts

• Special Projects

• Financial Reporting including support for Annual Statement Reporting, IFRS Reporting and Solvency II

• Cooperation with Internal and External Auditors and Consultants

• Interact with other Reserving Actuaries in North America

 

In addition, actuarial analysts will have the opportunity to enhance and further develop their business acumen by working and interacting with associates from Claims, Underwriting, Product Management, Finance, IT, Portfolio Analysis and other areas of the company. 

 

Required:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.

• GPA 3.2 or higher

• Successful completion of 1 or more actuarial exams

• Strong analytical abilities including understanding of advanced mathematics and statistical concepts.

• Demonstrated ability to think logically and perform analysis in a timely manner.

• Solid written and oral communication skills.

• Strong command of Excel as well as some knowledge of programming and databases such as SQL, Visual Basic and Macros

• Completed at least 1 actuarial internship

 

Preferred:

• GPA 3.5 or higher

• Successful completion of 2 or more actuarial exams

• 2+ years experience in Property Casualty Insurance

 

 

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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