AVP Predictive Analytics - Managing Actuary

Company: ERGO Group AG
Location: Cincinnati
Posted on: October 25, 2024

Job Description:

AVP Predictive Analytics - Managing ActuaryCompanyAmerican Modern Insurance GroupLocationCincinnati, United StatesLocation: current schedule is hybrid (40-50% in the Amelia, Ohio office)Exempt positionApplicants requiring employer sponsorship of a visa will not be considered for this position.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: Directs a diverse team of Data Scientists and Actuaries ranging from entry level to experienced professionals in both actuarial and AI disciplines. This team completes modeling projects, rate plan support, and general statistical analyses. Must be able to effectively communicate results and opportunities to business partners and engage senior leadership to improve business decisions. Lead the creation of best practices and have strong familiarity with the actuarial, statistical, and data science literature to be able to suggest approaches and help team members avoid common pitfalls. Familiarity with common deployment methods for data science models and ability to work with IT on model deployment initiatives. Ability to work in a regulated environment and manage model filings to regulatory authorities.

• 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 business plan.
• Lead and/or manage the completion of required data preparation, including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
• 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, UMS, etc.).
• Manage the department in developing new methodologies, products and procedures for American Modern. Maintain current knowledge of trends and products in the (re)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 actuarial and/or predictive modeling analyses.
• 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.
• Actively participate and serve as a key member in the divisional/unit planning process. Determine the actuarial and/or predictive modeling needs of the business units.
• Prepare for and Pass Actuarial Exams. 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:
  • Programming in R/Python.
  • Statistical and modeling techniques such as GLM, penalized regressions, GBM, tree based methods, ensemble techniques, RNN and CNN, etc.
  • Ability to compare different modeling methods for appropriateness under various conditions.
  • 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.Education, Certifications & Designations:
    • Graduate Degree in Statistics, Math, Data Science or related field is preferred.
    • Membership in the Casualty Actuarial Society with the attainment of Fellowship (FCAS) or a minimum of 6 years of experience as an ACAS.
    • Membership in the American Academy Of Actuaries (MAAA).
    • 10+ years of insurance experience preferred.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
      • 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 communityAt 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.
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Keywords: ERGO Group AG, Hamilton , AVP Predictive Analytics - Managing Actuary, Accounting, Auditing , Cincinnati, Ohio