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Associate Actuary

Job Description Associate Actuaries with American Modern Insurance Group have the opportunity to work in three primary areas that will develop and leverage their actuarial skills:  Pricing, Reserving and Predictive Modeling.  Work in these areas involves the following types of activities:   Pricing Provide actuarial opinions on levels of rate adequacy by developing of rate level indications for all lines of business. Selection of pricing levels for each state and line in close collaboration with Product Management. Filing support for rate changes including providing official actuarial opinions to regulators. Lead in development of new methodologies, products and procedures for American Modern. Maintain current knowledge of trends and products in the (re)insurance industries. Development of strategies to drive profitable growth Development of profitability scorecards that drive strategy and resource allocation Annual Loss Ratio Planning Make recommendations to the business based on analysis. Predictive Modeling Data preparation and cleansing for modeling Statistical modeling using R Pricing Model implementation supportinternally and with regulators Statistical Modeling to support Marketing, Underwriting and Claims Make recommendations to the business based on analysis Reserving Analysis of Loss and Loss Adjustment Reserves Monitoring of Reserve Adequacy Development of Quarterly IBNR Booking Amounts Financial Reporting including support for Annual Statement Reporting, IFRS Reporting and Solvency II Make recommendations to the business based on analysis Cooperation with Internal and External Auditors and Consultants Interact with other Reserving Actuaries in North America   In addition, Sr. Associate Actuaries will have the opportunity to mentor and train less experienced analysts as well as 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.   Qualifications Required: ACAS Membership in the American Academy of Actuaries (MAAA) 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. New Product development experience 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 SQL, Visual Basic Preferred: Experience in multiple actuarial disciplines (i.e. pricing, reserving, predictive modeling...) Project management experience Experience building and working with Predictive Models for Property Casualty rate making including familiarity with R, Emblem and or SAS. Experience working with Catastrophe models Advanced Statistical degree Continued pursuit of FCAS designation Requisition Number 2578BR
Salary Range: NA
Minimum Qualification
5 - 7 years

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