Actuarial Analyst

2 weeks ago

Newport, United States Great American Insurance Group Full time
Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

Great American's Corporate Actuarial Division is integral to managing financial risks and ensuring the company's long-term financial stability. This shared service comprises two specialized teams: Pricing and Reserving.
Pricing Team: This team is tasked with projecting future loss activity and assessing whether prospective rate levels will adequately cover all costs associated with risk transfer. Reserving Team: This team is responsible for establishing Incurred But Not Reported (IBNR) reserves and estimating the outstanding losses for past exposure periods.
Together, these teams ensure that Great American maintains robust financial health and compliance with industry standards.

The Corporate Actuarial Division is looking for an Actuarial Analyst to join the Reserving team. This position will be based out of the office in Cincinnati, OH on a hybrid schedule.

Essential Job Functions and Responsibilities
Analyzes and reviews reserves for existing products or business units. Assembles materials for and conducts quarterly meetings with business unit management. Provides input to accounting for recording loss and expense reserves in financial statements. Builds working knowledge of company operations, systems and actuarial methodologies. Improves upon intermediate knowledge in Excel and may build knowledge in R, SQL, or similar programming languages. Performs other duties as assigned.
Job Requirements
Bachelor's degree or equivalent in Actuarial Science, Mathematics, Statistics or a related discipline. While some actuarial experience is preferred, entry level candidates may be considered. Passed 1 or more of the exams toward Associateship in the Casualty Actuarial Society (ACAS). 2 or more exams passed would be preferred. Strong skills in Excel
Business Unit:
Property & Casualty Finance

Benefits:

We offer competitive healthcare, retirement, and paid time off benefits for full-time and part-time benefit eligible employees.

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