Actuary (Remote)

<strong>AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company, or CompWest Insurance Company.</strong>

United States, USA

AF Group

<p class="p1"><strong>AF Group&rsquo;s focused and passionate team uses industry-leading best practices, analytics and resources to manage risk and minimize loss for our policyholders while strengthening businesses with our valued independent agent partners.</strong></p> <p class="p1"><strong>We strive to continuously increase the long-term value of our organization by outperforming our industry peers and fostering a culture of underwriting and claims excellence.</strong></p>

keywords: job description,position summary,duties,analysis,monitor,create,communication,other duties,education,experience,knowledge,skills


Competitive Compensation and Benefits Package

Overview: <br /><br />This position is responsible for determining appropriate types of analysis, then designing and preparing exhibits for the analysis of pricing, reserving, reinsurance, product offerings, and other business issues requiring a technical solution. Based on results, provides appropriate recommendations. Performs advanced actuarial analysis. Mentors and guides other actuarial analysts.<br /><br /> <p>The Actuarial and Data Science team is in need of an Actuary. This role will report through the Pricing and Analytics department, and will be responsible for:</p> <ol> <li>Building strong relationships with the Data Science, Data Engineering, and Business Development (Underwriting) teams.</li> <li>Learning the basics of all three disciplines, to best facilitate converting Underwriting models into accurate and strategic pricing decisions.</li> <li>Playing a critical role in cross-functional projects that involve both Actuarial and Data Science expertise.</li> <li>Supporting processes that convert predictive model scores into indicated pricing.</li> <li>Supporting processes that maintain, monitor, and report on model efficacy and business adoption rates.</li> <li>Helping to train other members of the Actuarial team in any and all of the above functions.</li> <li>Other Actuarial/Pricing/Special projects as needed.</li> </ol> <br /><br /> <p><strong>WORKING CONDITIONS:</strong></p> <p>Work is performed in an office setting with no unusual hazards. Minimal travel required.</p>
Responsibilities: <br /> <ul> <li>Analyzes data and presents analysis in a format appropriate for pricing, loss reserving, product development, reinsurance, and other financial analysis.<em>&nbsp;</em>Effectively communicates, makes recommendations, and presents data to appropriate personnel.</li> <li>Creates reports and pricing tools for business areas which includes analysis relative to experience and profitability.</li> <li>Prepares commentary for executive management regarding profitability trends and their causes.</li> <li>Works with various business units to help create and drive strategic plans and metrics.</li> <li>Monitors premium and loss ratio projections, communicates status to Operating Units and the Holding Company.&nbsp;</li> <li>Acts as a liaison to Finance and assists in annual profit planning process and expense forecasting as necessary.</li> <li>Participates in loss reserve analyses and monitors reserve levels throughout the quarters.</li> <li>Presents loss reserve analysis to executives and identifies key assumptions underlying results.</li> <li>Monitor profitability of various segments; makes recommendations to take corrective action as necessary, and monitors action plans.</li> <li>Monitors industry results and trends and the Company&rsquo;s relative performance to the industry.</li> <li>Provides guidance and mentors other actuarial analysts.</li> <li>Creates documentation and establishes procedures for internal department processes.</li> <li>Maintains and helps design pricing, reserving, reinsurance, and forecasting models.</li> <li>Represents Actuarial on corporate projects as needed.</li> <li>Provides support and peer review to the Capital Modeling team and the Capital Allocation process.</li> <li>Works with the Enterprise Risk Management team on identifying on monitoring risks.</li> <li>Attends Cat claim meetings as necessary and represents the Actuarial department.</li> <li>Assigned advanced special projects as needed.</li> <li>Exercise discretion when communicating outside of department.</li> <li>Maintain confidentiality of information processed as appropriate.</li> </ul>
Requirements: <br /> <p><strong>EDUCATION OR EQUIVALENT EXPERIENCE:</strong></p> <ul> <li>Bachelor&rsquo;s degree in actuarial science, mathematics, or related area is required.&nbsp;</li> <li>Attainment of Associate designation from the CAS also required.&nbsp;</li> <li>Continuous learning, as defined by the Company&rsquo;s learning philosophy, is required.&nbsp;</li> <li>Certification or progress toward certification is highly preferred and encouraged.</li> </ul> <br /> <p><strong><br />EXPERIENCE:</strong></p> <ul> <li>Four years of progressive responsibility in an Actuarial environment with demonstrated technical knowledge which provides the necessary skills, knowledge, and abilities.</li> <li>Three years related technical experience which is highly specialized, complex, and strategic.</li> <li>One year leadership experience required.</li> <li>Additionally, experience regularly advising senior management on actuarial related techniques in determining the appropriate course of action and leading, planning, and managing complex projects.</li> <li>Property and Casualty experience required.</li> </ul> <p>&nbsp;</p> <p><strong>SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:</strong></p> <ul> <li>Knowledge of mathematics and statistics.</li> <li>Advanced knowledge of actuarial principles and practices, including reinsurance, reserving and rate making, financial reporting, underwriting and marketing guidelines, and claims practices.</li> <li>Ability to perform actuarial and statistical analyses.</li> <li>Ability to apply the principles of logical thinking to define problems; collect data, establish facts and draw conclusions.</li> <li>Excellent communication with others both verbally and in writing and the ability to communicate actuarial concepts and conclusions to non-actuaries.</li> <li>Expert user of Excel, Access, and preferably ResQ.</li> <li>Ability to learn new software easily.</li> </ul>