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Actuarial Modeling Jobs in Wisconsin (NOW HIRING)

Rural Mutual Insurance

Actuarial Analyst

Madison, WI · On-site

$90K/yr

Develop, maintain, and validate actuarial models and reports. * Collect, validate, and analyze internal and external data. * Support rate filings, actuarial documentation, and regulatory compliance ...

Milliman

Actuarial Analyst (CMH Health)

Brookfield, WI · On-site

$60K - $136K/yr

Participate in consulting activities to include pricing, reserving, financial projections, model ... At least two actuarial exams passed * 0-4 years of actuarial or related work experience - it is ...

Medica Services Company LLC

Actuarial Analyst

Madison, WI · On-site

$70K - $120K/yr

Key Accountabilities * Assist in the preparation of financial models, pricing structures, and reserve estimates to support business decisions * Perform data analysis and validation using actuarial ...

Imedica

Actuarial Analyst

Madison, WI · On-site

$70K - $120K/yr

Key Accountabilities * Assist in the preparation of financial models, pricing structures, and reserve estimates to support business decisions * Perform data analysis and validation using actuarial ...

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Actuarial Modeling information

What is an actuarial modeling?

An Actuarial Modeling job involves developing mathematical models to assess financial risks in insurance, pensions, and investments. Actuaries in this role analyze data, create simulations, and use predictive modeling techniques to estimate future liabilities and optimize financial decision-making. They work with software tools like R, Python, or specialized actuarial software to build and refine these models. This job is crucial for pricing insurance products, managing reserves, and ensuring regulatory compliance. Strong analytical skills, statistical knowledge, and a deep understanding of financial risk are essential for success in this role.

What does a typical workday look like for someone in an actuarial modeling role?

A typical workday for an Actuarial Modeling professional involves building, testing, and refining mathematical models to evaluate risks and forecast financial outcomes for insurance or pension products. You’ll collaborate with other actuaries, underwriters, and data analysts, often participating in team meetings to discuss assumptions and model outcomes. Regular responsibilities include running sensitivity analyses, preparing documentation, and presenting findings to both technical and non-technical audiences. The role offers a dynamic mix of independent analysis and teamwork, making it engaging for those who enjoy problem-solving and cross-functional collaboration.

What are the key skills and qualifications needed to thrive in the actuarial modeling position, and why are they important?

To thrive in Actuarial Modeling, candidates need strong analytical and mathematical skills, proficiency in statistics, and a degree in actuarial science, mathematics, or a related field. Familiarity with actuarial software (such as Prophet or AXIS), advanced Excel, and progress toward professional certifications (such as ASA, FSA, or CFA) are typically required. Exceptional problem-solving abilities, attention to detail, and clear communication skills help individuals collaborate effectively and explain complex models. These competencies are essential to ensure accurate risk assessment, compliance with industry regulations, and deliver actionable insights to stakeholders.

What are popular job titles related to Actuarial Modeling jobs in Wisconsin?

For Actuarial Modeling jobs in Wisconsin, the most frequently searched job titles are:

What job categories do people searching Actuarial Modeling jobs in Wisconsin look for?

The top searched job categories for Actuarial Modeling jobs in Wisconsin are:

Actuarial Modeling jobs near you
Infographic showing various Actuarial Modeling job openings in Wisconsin as of August 2026, with employment types broken down into 86% Full Time, 11% Part Time, and 3% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution.

Actuarial Analyst (Hybrid)

American Family Mutual Insurance Company Si

Madison, WI • Hybrid

$62K - $103K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 15 days ago

American Family Insurance rating

7.5

Company rating: 7.5 out of 10

Based on 136 frontline employees who took The Breakroom Quiz

227th of 311 rated insurance

Job description

Supports actuarial pricing and ratemaking activities for an assigned line of business. Analyzes loss, premium, and expense experience using actuarial and statistical techniques to inform rate indications, pricing decisions, and portfolio monitoring. Assists in building and maintaining models and tools that help the business develop consistent, sound, and competitive pricing.
In this hybrid, you will be expected to work a minimum of 10 days per month from one of the following office locations: Madison, WI 53783; Boston, MA 02110
Internal candidates are encouraged to apply and should review the internal mobility guidelines in the hybrid policy reference guide for more information.
#LI-Hybrid

Position Compensation Range:

$62,000.00 - $103,000.00

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

  • Conducts experience analyses (loss, premium, and expense) and summarizes findings to support pricing strategy and business decisions.
  • Supports competitive and market analysis; helps identify trends, impacts, and opportunities.
  • Assists with actuarial modeling to quantify risk and evaluate pricing alternatives (e.g., indications, relativities, scenario/sensitivity testing).
  • Provides technical support for rate filings with state insurance departments, including documentation and responses to regulatory questions.
  • Supports the rate review process by preparing analyses and materials for pricing meetings and stakeholder discussions.
  • Assists in the development, enhancement, and maintenance of pricing tools, templates, and reporting.
  • Assists with pricing analyses for new products and coverage enhancements

Specialized Knowledge & Skills Requirements

  • Demonstrated experience providing customer-driven solutions, support, or service.
  • Basic understanding of property & casualty insurance products, pricing/rates, and industry trends.
  • Basic understanding of underwriting guidelines and concepts.
  • Demonstrated experience performing statistical/actuarial analysis, forecasting, and modeling.
  • Proficiency in Excel; working knowledge of at least one programming or query language (e.g., SQL/SAS, Python, R, VBA).
  • Pursuing Associate or Fellow of the Casualty Actuarial Society (ACAS/FCAS), with demonstrated exam progress.

Preferred candidates with prior actuarial experience.

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

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-MR1

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