Associate Actuary/Senior Associate Actuary

Great American Insurance Group

$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related field.
  • 4-7 years of actuarial experience preferred.
  • Attained Associateship with progress toward Fellowship (FCAS).
  • Experience in rate development, pricing strategies, and reserve estimates.
  • Advanced analytical skills, leveraging data for decision-making.

Responsibilities

  • Evaluate pricing and profitability for various business segments.
  • Analyze excess layer pricing of captive contracts and manage collateral requirements.
  • Conduct due diligence for new business, providing feasibility recommendations.
  • Research to identify trends and actionable insights.
  • Produce clear actuarial reports communicating findings effectively.
  • Collaborate with underwriting, marketing, and product teams for actuarial support.
  • Participate in cross-functional projects, contributing actuarial expertise.

Benefits

  • Access to medical, dental, and vision coverage for full-time employees.
  • Wellness plans, parental leave, and adoption assistance.
  • Tuition reimbursement for ongoing education support.
  • 401(k) plan with company match and employee stock purchase plan.
  • Paid Time Off and paid holidays for work-life balance.
Full Job Description
This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship. Alternative Markets specialized in mono-line and/or multi-line primary programs on either a traditional guaranteed cost (Specialty Programs) or risk-sharing basis (Agency, Association or Group Captives). Alternative Markets focuses on niche programs. Alternative Markets is looking for an Associate Actuary/Senior Associate Actuary. Job title and salary will be dependent upon successful applicant's level of experience. Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week (Tuesday-Thursday) in the Cincinnati, OH office, with the flexibility to work one day remotely. Essential Job Functions and Responsibilities • Evaluates pricing and profitability for individual business segments. • Analyzes excess layer pricing and profitability of captive contracts; manages captive collateral requirements. • Performs due diligence analyses for new business opportunities and provides feasibility recommendations. • Initiates and performs research to identify trends, issues, and actionable insights. • Produces clear and concise actuarial reports that effectively communicate findings and recommendations. • Collaborates with underwriting, marketing, and product  teams to provide actuarial support. • Participates in cross-functional projects and contributes actuarial expertise. • May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports. • Performs other duties as assigned. Job Requirements • Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field. • Generally, a minimum of 4-7 years of actuarial experience. • Has attained an Associateship and typically is completing additional coursework toward Fellowship in the Casualty Actuarial Society (FCAS). • Experienced in the development of rates, pricing strategies, reserve estimates, and/or predictive models.  • Advanced analytical skills with the ability to use data to inform decisions. • Demonstrates excellent interpersonal and communication skills. Business Unit: Alternative Markets Benefits: We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits. Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.   *Excludes seasonal employees and interns.

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