Actuarial Associate
Posted on: 21 Feb 2021
Minneapolis, MN
Job Description
Perform actuarial tasks with limited manager assistance or supervision. Provide technical analysis and support by developing, improving, operating and documenting various actuarial models. Prepare related reports and summarize and communicate results to middle management. Provide leadership for lower level actuarial staff and/or actuarial intern(s).Contribute to the development and maintenance of actuarial models based on the needs of various businesses and model users. Modeling projects may include stat/tax or GAAP valuation, risk, cash flow testing, and pricing.
Review user requirements and assess modeling capabilities, limitations, and potential enhancements. Communicate findings to model users and management.
Develop model functionality by updating code and/or inputs/assumptions, and test functionality in an efficient and timely manner.
Provide documentation of model versions, model changes, and testing results.
Provide leadership by way of being the subject matter expert on modeling projects while working with other actuarial staff. Participate in professional development to maintain actuarial credentials.
Support the validation and development of business controls.
Bachelor's Degree (or equivalent)
All Introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement.
Validation by Educational Experience (VEE) coursework completion.
3 years of actuarial experience.
Ability to work independently; self-starter.
Strong written and verbal communication skills.
Ability to build strong relationships.Degree in in Actuarial Science, Mathematics, Statistics, Data Science, or related disciplines.
Experience with actuarial modeling systems.
Experience with MS Excel, VBA, MS Access, and other database applications.
American Financial Group
Cincinnati, OH
American Financial Group, Inc. is a holding company based in Cincinnati, Ohio and founded in 1959. Our insurance roots go back to 1872 with the founding of Great American Insurance Company. Today, through the operations of Great American Insurance Group, AFG is engaged in property and casualty (P&C) insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities. We are proud to provide insurance products that help businesses manage their unique financial risks and exposures and annuity products that help individuals protect their financial futures.
AFG’s Specialty P&C Group is comprised of over 30 diversified businesses offering a wide range of specialty commercial coverages in three major groupings: Property and Transportation, Specialty Casualty and Specialty Financial. Our Annuity operations are focused on sales of traditional fixed, fixed-indexed and variable-indexed annuities in the retail, financial institutions, broker-dealer and registered investment advisor markets. Our Annuity Group enjoys a long history in the industry, with long-term, strong agent relationships and a reputation for simple, consumer-friendly products.
A diversified business model with P&C and annuity operations has worked well for us; many of our businesses are among the top performers in their respective industries. Our business has entrepreneurial spirit at its core, with a focus on accountability. Business autonomy in our Specialty P&C and Annuity operations facilitates agility in underwriting, claims and policy servicing, and enables these businesses to develop distribution strategies and relationships in the unique markets they serve.
AFG’s in-house investment management team oversees a portfolio of nearly $50 billion, and produces returns that have consistently outperformed industry benchmarks. Fixed income securities, primarily investment grade bonds, account for about 92% of our total investments. Approximately 91% of our fixed maturity investments are rated investment grade by nationally recognized rating agencies, with 98% rated NAIC 1 or 2, NAIC's highest ratings. Stocks, real estate, policy loans and other investments make up the remainder of the portfolio.
We believe that superior underwriting results, superior investment talent and intelligent deployment of capital lead to long-term value creation for our shareholders. With the power of generations behind it, AFG grows and changes with discipline and integrity. We're proud of who we are, where we've been and where we're going. Our industry is changing and we continue to change as well. We strive to provide quality products and service to our customers and agents, offer a rewarding work environment for our employees, and build value for our shareholders.
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IndustryBanking/Financial Services
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No. of Employees7,600+
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Website
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Jobs Posted22
