Loss Reserves Staff Actuarial Specialist (Hybrid)

Company: American Family Insurance
Location: Saint Joseph
Posted on: June 1, 2025

Job Description:

Position Compensation Range:$78,000.00 - $128,000.00Pay Rate Type:SalaryCompensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.The Loss Reserves Actuarial Specialist provides analysis for the full range of actuarial activities related to either insurance pricing or ratemaking for a line of business (LOB), loss reserving, modeling, or reinsurance. You will build models and projections to enable the business to generate consistent and sound prices. You will build forecasts and models for incurred losses and loss adjustment expenses (LAE), CAT and investment risks, and reinsurance for the annual profit & growth plan. You will report to the Senior Manager, Actuary.In this flex office/home role, you will be expected to work a minimum of 10 days per month from one of the following office locations: Madison, WI 53783; Boston, MA 02110; Denver, CO 80112; Eden Prairie, MN 55343; Keene, NH 03431; St. Joseph, MO 64507; Phoenix, AZ 85034Internal candidates are encouraged to apply regardless of location and will be considered based upon the needs of the role.Primary Accountabilities

• You will update and maintain predictive models.
• You will develop relationships with core business partners and provide insights and solutions to address specific business concerns.
• You will assist in data preparation and testing.
• You will assist in performing the annual losses incurred forecast, the maintenance of the losses incurred forecasting system and reports, the maintenance and development of the loss reserving database system and reports, the implementation of new reserving process efficiencies and techniques and the annual determination of the factor reserves and unknown injury reserves.
• With some direction, you will develop and book the property and casualty loss and loss adjustment expense reserve needs on a quarterly basis.
• You will measure and evaluate deviations of underwriting results from the annual profit plan on a quarterly basis.
• You will assist in the performance of actuarial modeling to quantify the impact of risks.Specialized Knowledge & Skills Requirements
  • Three exams completed towards Associate or Fellow in Casualty Actuary Society (ACAS or FCAS)
  • 1-2 years of hands-on actuarial experience
  • Coding skills in Python and/or SQL
    • Demonstrated experience providing customer-driven solutions, support, or service.
    • Solid knowledge and understanding of property and casualty products, pricing, rates and industry trends.
    • Solid knowledge and understanding of underwriting guidelines and concepts.
    • Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques.
    • Solid knowledge and understanding of forecasting and statistical analysis and modeling.#LI-HybridWe encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

Keywords: American Family Insurance, Topeka , Loss Reserves Staff Actuarial Specialist (Hybrid), Other , Saint Joseph, Kansas