Who We AreJoin a team that puts its People First! Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For list for nine consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com.
What We DoResponsible for the design and production of financial models and methods to analyze risk; Performs rate indications and makes predictions about segment profitability, reserving and forecasting; Capable of integrating and assessing multiple parameters to assess data, including communication from business leaders and presentation to business executives.
What You'll Do
Initiative-taker with the ability to work independently to understand and interpret complex data.
Apply mathematics, probability, statistics, and financial expertise to calculate insurance metrics and services.
Capable of claims data analysis using existing SQL queries and the ability to build their own queries.
Responsible for the company's rate level indication and pricing segmentation methodology. Improvesmodeling techniques by adopting most appropriate actuarial methodology. Perform rate adequacy analysis for products by state
Prepare actuarial rate filing exhibits and support, for inclusion in rate filing submissions to regulators insurance departments.
Produce prospective expected loss ratio (ELR) estimates by state
Analyze pricing for both new and existing products.
Assist in all aspects of quarterly and annual IBNR reserve analysis, including accounting and foreign currency translation aspects
EmployLearn proprietary claims database mining for claims research and improvement of models language, and use to program database queries
Research economic data for application, and apply to modeling claims processes.
Supports accounting department in compilation of required statutory exhibits and schedules.
Supports the forecasting process, range estimates for reserves, including research of economic data to apply to modeling claims processes.
Assist in various quantitative projects involving claims and/or financial modeling applied to insurance.
Lead the communication, documentation and coordination of information, technical issues, and activities between actuarial & non-actuarial departments as well as with internal & external colleagues, clients, and stakeholders.
What You'll Bring
Bachelor's Degree or equivalent combination of education and experience
7+ years of property/casualty actuarial work experience involving rate adequacy analysis, rate filings, and claims data analysis.
Consideration given for one year of graduate level studies equivalent to two actuarial exams.
Active membership in the Casualty Actuarial Society (ACAS or FCAS) preferred.
Proficiency in MS Office including Excel, Word and PowerPoint, and MS Access and Power Suite.
Proficiency in SQL, R, or similar programming language preferred.
Proficiency in creating exhibits for presentations.
Familiarity with standard P&C actuarial methods and concepts for both pricing and reserving
Working knowledge of insurance business concepts and economics
Employs excellent verbal and written communication skills.
Salary Range: $71,500.00 - $148,500.00 Annually
This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location.
What We OfferBy choice, we don't simply accept individuality - we embrace it, we support it, and we thrive on it! Our People First Culture celebrates diversity, equity and inclusion not simply because it's the right thing to do, but also because it's the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term.
Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.
First American invests in its employees' development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer.
