Internship Accounting Python Jobs in Massachusetts

You will perform stochastic modeling analyses to measure and forecast financial strength of the Enterprise. Analyses include periodic forecasts based on Profit & Growth Plan and what-if scenarios that may require creative and flexible thinking to parameterize scenarios based on limited data. You will work with product lines to incorporate capital requirements into profit load indications for products and/or states. Job responsibilities include communication of technical results to non-actuarial and leadership audiences. Knowledge of stochastic capital modeling/catastrophe modeling, reinsurance, investments, and insurance accounting are beneficial. Prior experience with capital modeling software and programming in SQL, R or Python are a plus. You must be an Associate or Fellow in Casualty Actuary Society (ACAS or FCAS). You will report to a Senior Manager, Actuary.
In this hybrid role, you will be expected to work a minimum of 10 days per month from the office. Candidates should reside within approximately 35-50 miles of one of the following office locations: Madison, WI 53783 or Boston, MA 02110.
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Position Compensation Range:

$113,000.00 - $194,000.00

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Responsibilities:

• Perform periodic updates of enterprise economic capital model: Gather, prepare, and load input data, run the model, interpret and review results.
• Use capital model to assess risk impact of alternative assumptions, stress scenarios, growth strategies, reinsurance programs, mergers & acquisitions. Includes translating verbal descriptions of scenarios to model parameterizations.
• Develop continual improvement of modeling process
• Use spreadsheets and scripting languages to summarize capital model results and perform simplified projections of capital impacts.
• Communicate capital modeling results to leadership and stakeholders from other divisions.
• Assist in preparation of capital related materials for Results Week, SLT, and Board meetings.
• Allocate enterprise required capital to lines of business and/or state for use in developing indicated underwriting profit loads.
• Develop understanding of primary factors that drive capital requirements such as catastrophe modeling, investments, reinsurance, and loss reserves.

Requirements:

• Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).
• Knowledge of catastrophe modeling, reinsurance, investments, and insurance accounting are beneficial.
• Experience with capital modeling software (MetaRisk) and programming in SQL, R or Python are a plus.
• Experience in dynamic financial analysis (DFA) or economic capital modeling preferred.
• Demonstrated experience providing customer-driven solutions, support, or service.
• Demonstrated experience performing statistical/actuarial analysis and data forecasting and modeling techniques.
• Extensive knowledge and understanding of forecasting and statistical analysis and modeling.
• Your offer will be made contingent on the results of applicable background checks and is contingent on signing a non-disclosure agreement for proprietary information, trade secrets, and inventions.

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.

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