Claims Actuary

Claims Actuary

Company: American Modern Insurance Group

Location: Cincinnati, United States

Title: Claims Actuary

Location: Current schedule is hybrid (40-50% in the Amelia, Ohio office)

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

American Modern is a widely recognized national leader in the specialty insurance business. With more than 50 years of 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.

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.

Qualifications:

Required:

• Demonstrated commitment and continued pursuit of FCAS designation
• 5+ years of experience in an actuarial capacity in Property Casualty Insurance
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis
• Strong analytical abilities including understanding of advanced mathematics and statistical concepts
• 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 and either Access or P/L SQL
• Some knowledge of programming in Visual Basic for Applications (VBA)

Preferred:

• ACAS or FCAS
• Experience working with Predictive Modeling
• Some management experience

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
• Voluntary Benefit plans that supplement your health and life insurance plans

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 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.