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Actuary - Property and Casualty Insurance (Hybrid)

American Family Insurance · Madison, WI · $128,000–$218,000 a year · Full time

Posted Sep 25, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a time you changed an actuarial method or assumption. How did you convince others it was right?

What they are checking: Whether they can lead methodology changes and defend them to peers and leaders.

What new data source or model have you brought into pricing work, and what did it change?

What they are checking: Whether they explore new ideas, which the posting names as part of the job.

Tell me about a time a model you built gave a result that did not make sense. What did you do?

What they are checking: Whether they question odd results and dig in instead of trusting the output.

How do you mentor junior actuaries or analysts on the team?

What they are checking: Whether they help build the team's skills as a senior subject matter expert.

What would you do

The indication says rates should go up 18 percent, but the business wants to stay competitive. How do you handle the pricing committee discussion?

What they are checking: Whether they can present the numbers honestly while helping leaders weigh retention and regulation.

How would you explain a rate indication to a product manager who does not have actuarial training?

What they are checking: Whether they can turn technical work into clear insight for business partners.

About the work

Walk me through how you would build a rate indication for a personal lines homeowners product.

What they are checking: Whether they know the full indication process from loss development and trend to the final indicated change.

How do you handle catastrophe losses and weather volatility in a property rate indication?

What they are checking: Whether they can separate cat load from base losses, which drives property pricing in the Midwest.

How do you pick a trend for losses when recent years look very different from the past?

What they are checking: Whether they use judgment on inflation and frequency shifts rather than blindly fitting a line.

How do you check your own work for errors before an indication goes to a regulator?

What they are checking: Whether they have strong review habits, since errors in a rate filing are costly and public.

How do state regulations affect what you can do with property rates?

What they are checking: Whether they understand filing rules and how regulators review personal lines rate changes.

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The full job description

As published by American Family Insurance.

As an Actuary on the Rate Indications team you will lead and perform most complex analysis for the full range of actuarial activities related to insurance pricing for personal lines property. Lead complex models and projections to enable the business to generate consistent and sound prices. Be the subject matter expert and consultant to partners throughout the organization. Present findings and recommendations regarding the development or effectiveness of multiple strategies. You will report to Senior Manager, Product Actuary This role is not eligible for sponsorship. #LI-Hybrid Position Compensation Range: $128,000.00 - $218,000.00 Pay Rate Type: Salary Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates. Primary Accountabilities • Contribute to recommendations and significant revisions to one or more actuarial methodologies related to insurance pricing, ratemaking. • Develop relationship with main partners and provide insights and solutions to address specific business concerns. • Explore new concepts statistical models, and data sources to deliver innovative solutions for the business. • Contribute to all aspects of indication development and owns the recurring process. • Facilitate the rate review process and contribute to the pricing committee meetings to support the pricing strategy. • Represent the development of pricing for new products and rating structures. • Represent pricing on various data efforts including dataset development and consultation on data and analytical development. • Assist with development of classification ratemaking methodologies and models. • Monitor industry and competitor trends to determine potential impact to actuarial strategies and solutions. • Responsible for putting together annual statement exhibits related to loss and LAE expenses. • Perform the annual determination of the factor reserves. Specialized Knowledge & Skills Requirements • Demonstrated experience providing customer-driven solutions, support, or service. • Extensive knowledge and understanding of property and casualty products, pricing, rates and industry trends. • Extensive knowledge and understanding of underwriting guidelines and concepts, pricing, ratemaking, loss reserving, modeling or reinsurance depending upon area of specialty. • Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques. • Extensive knowledge and understanding of forecasting and statistical analysis and modeling. • Associate or Fellow in Casualty Actuary Society (ACAS or FCAS). Licenses • Not applicable. Travel Requirements • Up to 10%. Physical Requirements • Work that primarily involves sitting/standing. Working Conditions • Not applicable. Additional Information • To ensure a strong start, all employees participate in our New Employee Orientation during their first week.  This experience is held in person at our Madison, WI Headquarters or one of our AmFam core locations to help you connect with our mission, meet key team members and build relationships that support your growth.  At times, sessions may be delivered virtually based on scheduling and availability. • Offer to selected candidate will be made contingent on the results of applicable background checks • Offer to selected candidate is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions • Sponsorship will not be considered for this position unless specified in the posting In this hybrid role you will be expected to work a minimum of 10 days per month out of the Boston, MA or Madison, WI offices. We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits. We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. American Family Insurance is committed to the full inclusion of all qualified individuals. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email AskHR@AmFam.com to request a reasonable accommodation. #LI-AB1

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