Location: MA Boston
As an Actuary on the Rate Indications team you will lead and perform most complex analysis for the full range of actuarial activities related to insurance pricing for personal lines property. Lead complex models and projections to enable the business to generate consistent and sound prices. Be the subject matter expert and consultant to partners throughout the organization. Present findings and recommendations regarding the development or effectiveness of multiple strategies.
You will report to Senior Manager, Product Actuary
This role is not eligible for sponsorship.
#LI-Hybrid
Position Compensation Range
$128,000.00 - $218,000.00
Pay Rate Type
Salary
Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.
Primary Accountabilities
- Contribute to recommendations and significant revisions to one or more actuarial methodologies related to insurance pricing, ratemaking.
- Develop relationship with main partners and provide insights and solutions to address specific business concerns.
- Explore new concepts statistical models, and data sources to deliver innovative solutions for the business.
- Contribute to all aspects of indication development and owns the recurring process.
- Facilitate the rate review process and contribute to the pricing committee meetings to support the pricing strategy.
- Represent the development of pricing for new products and rating structures.
- Represent pricing on various data efforts including dataset development and consultation on data and analytical development.
- Assist with development of classification ratemaking methodologies and models.
- Monitor industry and competitor trends to determine potential impact to actuarial strategies and solutions.
- Responsible for putting together annual statement exhibits related to loss and LAE expenses.
- Perform the annual determination of the factor reserves.
Specialized Knowledge & Skills Requirements
Additional Locations: WI Madison
Job description provided by American Family Insurance.
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