Associate Actuary, Casualty Pricing

American Agricultural•Schaumburg, IL

7h•$150,000 - $220,000•Hybrid

About The Position

AmericanAg®, a global provider of diversified reinsurance services, is looking for an Associate Actuary, Casualty Pricing to join our pricing team based out of our office in Schaumburg, Illinois. This is a hybrid position working in the office a minimum of three days a week. The Associate Actuary, Casualty Pricing will focus on the pricing and evaluation of casualty and specialty reinsurance contracts, including quota share, excess of loss, and structured reinsurance arrangements across long-tail lines of business. If you are a highly technical actuary who enjoys deep analytical work, complex pricing challenges, and developing a strong understanding of portfolio risk and treaty structure this might be a great opportunity to consider. The ideal candidate will have meaningful experience pricing casualty reinsurance business and will be comfortable working independently on sophisticated transactions.

Requirements

Bachelor’s degree in actuarial science, mathematics, or statistics or a related college degree
5+ years of experience working in the actuarial field
Experience pricing long-tail casualty business
Strong understanding of reinsurance structures, treaty mechanics, and actuarial pricing methodologies
Advanced analytical and technical problem-solving skills along with strong proficiency in Excel and actuarial modeling techniques
Ability to independently manage complex analyses and operate with a high degree of technical rigor
Ability to communicate complex pricing analyses and actuarial concepts to underwriting, claims, contracts, accounting, and other business partners
Strong attention to detail and intellectual curiosity regarding actuarial and portfolio risk issues

Nice To Haves

ACAS or FCAS designation strongly preferred
Experience with quota share and structured reinsurance pricing is highly desirable
Experience with Python, SQL, SAS, or other analytical programming languages preferred

Responsibilities

Pricing casualty, property, and specialty reinsurance contracts, including quota share, excess of loss, and aggregate structures
Performing detailed actuarial analyses of treaty submissions, historical loss experience, exposure information, cedent performance, and reserving adequacy as it relates to pricing assumptions
Developing pricing assumptions and parameterizations for long-tail casualty lines, including capital allocation methodologies and risk-adjusted pricing margins
Evaluating complex treaty features including reinstatements, swing commissions, profit commissions, and structured terms
Building, enhancing, and maintaining actuarial pricing tools and analytical processes
Working closely with underwriting, catastrophe modeling, and portfolio management teams to assess business fit and risk-adjusted return
Contributing to pricing model development, reserving feedback loops, and portfolio optimization initiatives
Validating and reconciling pricing assumptions against historical and emerging experience
Utilizing actuarial, statistical, and programming techniques to improve analytical efficiency and pricing accuracy