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First American Title Insurance Company Associate Actuary in Grove City, Ohio

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 DoAssists the Actuary in design and production of financial models and methods to analyze risk, determine rates and make 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. Applies 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. Works with Actuary in improving such methodology and the quality of calculation by adopting most appropriate actuarial techniques. Advises and assists with 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. Assists with actuarial rate filing exhibits and support, for inclusion in rate filing submissions to regulators and departments of insurance. Assists in analysis of pricing for both new and existing products. Assists in all aspects of quarterly and annual IBNR reserve analysis, including accounting and international analysis. 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. What You'll Bring Proficiency in MS Office including Excel, Word, PowerPoint, Access, and Power Suite. Proficiency in SQL and ability to create queries 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. Effective verbal and written communication skills. Bachelor's Degree (B.S.) or equivalent combination of education and experience Preferred minimum of three Casualty Actuarial Exams passed, with progression toward active membership in the Casualty Actuarial Society. 4+ years of 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. 3 Exams and progressively proceeding toward active membership in the Casualty Actuarial Society preferred. Salary Range: $66,980.00 - $130,020.00 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.<

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