Career Center

Join Our Team as an Associate Actuary: Help us drive innovation in the insurance industry!

Title: Associate Actuary (ACAS)   –   Claims Reserving Associate Actuary   –   Pricing Associate Actuary

Location: Open to remote candidates that are available to work the typical business hours in the Eastern Time Zone. Hybrid schedule for local candidates (40-50% in the Amelia, OH office). Preference for local candidates.

Recruiter: Sonya Fischesser

American Modern is a widely recognized, national leader in the specialty insurance business. With more than 50-years’ experience in the manufactured housing insurance sector, the company delivers specialized products and services for residential property, the recreational market, and pet health insurance. The company is headquartered in suburban Cincinnati, Ohio.

Reserving Associate Actuary:

We are looking for a credentialed actuary to join our organization as a Claims Actuary working in tandem with the Reserving and Claims teams to enhance the business’ ability to achieve profitable growth.  The Claims Actuary will be an integrated business partner of the Claims department and will provide an analytically focused view of claims, claim characteristics, and performance in the financial aspect of claims.  

Roles & Responsibilities: 

• Analyses of frequency and severity trends and drivers
• Identify opportunity areas regarding claims performance
• Monitor loss adjustment expenses and look for ways to optimize expense
• Validate initial case reserving methodology and values
• Monitor case reserve adequacy and trends
• Collaborate on Catastrophe bulk reserve establishment
• Measure and forecast the benefits of claims initiatives
• Facilitate interdepartmental discussions on claim observations and initiatives
• Lead in the development of new or enhancements to claims reporting
• Interact regularly with Claims, Product Management, Actuarial Pricing, Reserving, and Finance. 
• Further opportunities exist to enhance and develop business acumen by working and interacting with associates from Underwriting, IT, and other Actuaries in the Munich Re organization.   

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Pricing Associate Actuary:

The Pricing Actuary will manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes to support the financial profitability and/or production goals of the company by acting as a high level technical expert. Work with management and corporate areas to provide strategic direction. Lead projects associated with the development and update of Actuarial/predictive models and databases through formula development, research on methodologies, and collaboration on technical items.

 Roles & Responsibilities:

• Complete, and/or lead, actuarial and/or predictive modeling analyses
• Direct the modification and enhancement of existing applications to address specific issues
• Direct the completion of required data preparation including data input
• Manage and/or lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments, as well as with internal & external colleagues
• Lead in development of new methodologies, products and procedures
• Peer review technical actuarial and/or predictive modeling work
• Participate or lead in the training of others
• Manage the work for those who are not direct reports
• Prepare for and Pass Actuarial Exams.
• Ensure all work and work products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries
• Maintain an expert level of technical actuarial and statistical skills and concepts
• Demonstrate ability to apply judgment and problem solving skills to address different, complex and high profile issues

Required:

• 5+ Years’ experience in an actuarial capacity in Property & Casualty Insurance
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar
• Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
• Membership in the Casualty Actuarial Society with the attainment of Associateship (ACAS)  

Preferred:

• Experience working with Predictive Modeling
• Some management experience
• Membership in the American Academy Of Actuaries (MAAA)

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.

Applicants requiring employer sponsorship of a visa will not be considered for this position.