Actuarial Modeler (Pricing Analytics)
Job
American Family Insurance
Madison, WI (In Person)
$116,500 Salary, Full-Time
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Job Description
We're seeking a Actuarial Modeler (Pricing Analytics) to join our Property & Casualty Actuarial team to develop scalable analytics and predictive modeling solutions that drive business decisions. In this role, you'll explore and synthesize large, complex datasets; frame hypotheses and research approaches; and build, deploy, and monitor statistical and machine learning models (GLM/GBM preferred) that support pricing, reserving, and other actuarial objectives. You'll combine strong business acumen with advanced quantitative methods and modern software engineering practices—especially Python-based development, testing, and source control—to deliver reliable, production-ready solutions and actionable insights
Position Compensation Range:
$88,000.00 - $145,000.00Pay Rate Type:
Salary Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.Responsibilities:
- Uses actuarial and technical knowledge to manage complex projects as assigned in such areas as product development and pricing.
- Creates business application and modeling framework, for new datasets, and discovers insights and relationships from large/complex datasets through investigative research using advanced mathematical and/or statistical techniques.
- Explores data using a variety of advanced statistical techniques to proactively identify relationships, create insights and answer business questions or guide future model development.
- Builds the hypothesis, identify research data attributes and determine best approach to address business issues.
- Combines business/actuarial acumen with mathematical capabilities to build complex predictive models to support business objectives.
- Builds complex programs for running mathematical or statistical tests on data and for understanding complex relationships across attributes.
- Incorporates findings and provides industry and competitor insights as part of model development and enhancement.
- Researches and maintains awareness of industry best practices and business strategies.
- Brings new and innovative ideas and approaches to develop business solutions.
- Maintains standard documentation on assigned projects/tasks.
- Consults with other departments by answering inquiries and providing explanations of a business/actuarial nature.
- May be requested to complete other assignments or participate in projects based upon skills, achievements, or experience.
Requirements:
- Deployed and monitored predictive models in production (preference for GLM/GBM), partnering with actuarial and engineering teams to ensure scalable, governed, and repeatable pricing/reserving workflows.
- Advanced programming proficiency with a strong preference for Python; build robust, tested analytics pipelines and model code for end-to-end actuarial use cases (data prep, modeling, validation, and automation).
- Preferred experience in designing and deploying AI/ML solutions to solve business problems, demonstrating a pragmatic approach to solution-selection and an understanding of when a non-AI approach is optimal.
- Demonstrated experience providing customer-driven solutions, support, or service.
- Demonstrated experience, communicating complex actuarial analysis to business partners.
- Advanced knowledge of and demonstrated experience using actuarial software with database tools and statistical tools.
- Demonstrated experience with programming languages.
- Demonstrated effective communication and problem-solving skills.
- In pursuit of Associate or Fellow in Casualty Actuary Society.
Licenses:
- Not Applicable. Travel Requirements
- Up to 10%. Physical Requirements
- Work that primarily involves sitting/standing. Working Conditions
- Not Applicable.
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