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Actuary job in Cincinnati

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Cincinnati, Ohio - OH Munich Re

Job Ref:  4901L
Employer:  Munich Re
Sector:  Reinsurance
Risk Management
Qualifications:  Part Qualified Actuary
Fully Qualified Actuary
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  United States
State/Province/County:  Ohio - OH
City:  Cincinnati
Post Code:  Not specified
Map: 

Description

Actuary Company American Modern Insurance Group Location Cincinnati , United States

Location: Amelia / Cincinnati, OH (hybrid schedule) - also open to remote

Purpose:

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 and Responsibilities:
  • Complete actuarial and/or predictive modeling analyses appropriate for the functional area. May include rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, and research projects. Lead projects/analysis requiring multiple resources including those who are not direct reports.
  • Direct the modification and enhancement of existing applications to address specific issues. Coordinate and help focus and prioritize the use of actuarial and/or predictive modeling resources for tasks that are assigned.
  • Direct the completion of required data preparation including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
  • 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 (business units, IT, UMS, etc
  • Lead in development of new methodologies, products and procedures for American Modern. Maintain current knowledge of trends and products in the (re)insurance industries.
  • Peer review technical actuarial and/or predictive modeling work and provide constructive feedback as needed. Coach less experienced employees as needed.
  • Participate or lead in the training of others (underwriters, product analysts, accountants, actuaries, claims associates) on the use of models/studies/reviews and the interpretation of the results.
  • Manage the work for those who are not direct reports including other actuaries, predictive modelers, programmers and support staff as needed.
  • Attain appropriate continuing education according to the US Qualification Standard issued by the American Academy of Actuaries.
  • 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. Adapt to varying and changing set of products and dynamics and provide the most efficient and effective methods appropriate for the functional area. Ability to share this knowledge with others.
  • Demonstrate ability to apply judgment and problem solving skills to address different, complex and high profile issues.


Required Technical Skills:
  • Proficient computer skills and application of MS Office Suite, including actuarial software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis as appropriate.


Skills, Knowledge, Experience:
  • Five (5) or more years of (re)insurance/actuarial experience is required to possess the ability to manage/direct the development, analysis, evaluation and modeling of potential solutions using actuarial and/or predictive modeling methods and processes and to possess the skills to act as a high level technical expert. Pricing experience is essential (Auto pricing is preferred)
  • Bachelor's Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related Field requiring modeling, programming, or quantitative analysis
  • Membership in the Casualty Actuarial Society with the attainment of Associateship - ACAS
  • Prefer Membership in the American Academy Of Actuaries (MAAA)


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.

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