AVP - Managing Actuary Company American Modern Insurance Group Location Cincinnati , United States

Location: Amelia / Cincinnati, Ohio - hybrid schedule (open to consider remote)

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property - such as manufactured homes and specialty dwellings - and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can't. We write admitted products in all 50 states and have a premium volume of $1.9 billion.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re's Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.

Purpose:

Manage/direct the development, analysis, evaluation and modeling of the company's liabilities by a group of actuaries using actuarial and/or predictive modeling methods and processes to support the accurate identification and establishment of the company's financial obligations. Work with other management and corporate areas to provide strategic direction. Manage the performance and professional development for a group of Actuarial Analysts.

Roles & Responsibilities:

• Manage and complete actuarial and/or predictive modeling analyses appropriate for the functional area. Direct, develop and implement effective practices for the timely, accurate and professional completion and prioritization of all of the department's assigned projects.
• Manage the development, prioritization, maintenance and enhancement of actuarial and/or predictive modeling models which support the establishment of the company's loss reserves.
• Lead and/or manage the completion of required data preparation, including data input and reconciliation. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
• Collaborate with Finance areas to book quarterly IBNR amounts in support of the quarterly financial close.
• Communicate with internal and external Finance, Reserving, and audit groups to highlight drivers of business results.
• Identify and develop additional opportunities to share reserving analyses and subsequent recommendations to other areas.
• Manage and/or lead communication, documentation and coordination of information, resolution of technical issues, and activities between actuarial departments, as well as with internal & external colleagues (business units, IT, etc.).
• Manage the department in developing new methodologies, analyses, and procedures for American Modern. Maintain current knowledge of trends and products in the insurance industries.
• Complete high-level or supervisory reviews on actuarial and/or predictive modeling work and provide constructive feedback as needed. Maintain consistency of methods as appropriate. Coordinate with other actuarial areas.
• Assess the training needs and ensure the technical and professional development of the staff. Lead the department staff in the training of others (underwriters, product analysts, product managers, accountants, actuaries, claims associates) regarding reserving analyses and corporate financials.
• Be responsible for the overall management and technical oversight of actuarial and/or predictive modeling staff including those decisions related to hiring, assessing performance and determining of compensation.
• Prepare for and Pass Actuarial Exams if applicable. Attain appropriate continuing education according to the US Qualification Standard issued by the American Academy of Actuaries.
• Ensure all work and work products adhere to applicable Actuarial Standards of Practice as promulgated by the American Academy of Actuaries.
• Maintain an expert level of technical actuarial and statistical skills and concepts. Adapt to varying and changing set of products and dynamics and provide input and direction on the most efficient and effective methods appropriate for the functional area. Share this knowledge with others.
• Demonstrate ability to apply judgment and problem solving skills to address different, complex and high profile issues. Make non routine decisions.

Required Technical Skills:

• Proficient computer skills and application of MS Office Suite, including the ability to manage programmers. The ability to lead innovative and decisive decision making in order to foster and develop more advanced techniques in worksheets and other applications as appropriate for functional area.
• Familiarity with ResQ, PowerBI, Cognos, Oracle, and SQL is beneficial

Required Core Competencies:

• Communicates Effectively

• Interpersonal Savvy

• Develops Talent

• Collaborates

• Strategic Mindset

• Drives Results

Experience, Education, Certifications & Designations:

• Bachelor's Degree. Attainment of Fellowship in the Casualty Actuarial Society (FCAS) preferred but will consider those that have attained Associateship (ACAS). Membership in the American Academy Of Actuaries (MAAA).
• Minimum of 7 years of experience.
• Prior management experience desired.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Prescription drug coverage (included in your health insurance plan)
• Vision and dental insurance plans
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary (up to $500k) and AD&D coverage that is equal to 1x annual salary (up to $500k)
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• A variety of health and wellness programs provided at no cost
• A hybrid environment that gives you a choice in where and how you get work done
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• An on-site complimentary workout facility as well as walking trails on campus grounds
• On-site wellness center complete with nurse practitioner
• Financial assistance for adoptions and infertility treatment
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Free parking
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.