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Actuary - Predictive Modeler

Company: Cincinnati Insurance Company, Inc.
Location: Somerville
Posted on: September 21, 2023

Job Description:


Make a difference with a career in insurance

At The Cincinnati Insurance Companies, we put people first and apply the Golden Rule to our daily operations. To put this into action, we're looking for extraordinary people to join our talented team. Our service-oriented, ethical, knowledgeable, caring associates are the heart of our vision to be the best company serving independent agents. We help protect families and businesses as they work to prevent or recover from a loss. Share your talents to help us reach for continued success as we bring value to the communities we serve and demonstrate that Actions Speak Louder in Person .

If you're ready to build productive relationships, collaborate within a diverse team, embrace challenges and develop your skills, then Cincinnati may be the place for you. We offer career opportunities where you can contribute and grow.

Start your journey with us

Our Small Business Analytics department has an opening in our corporate headquarters located in Fairfield, Ohio. We are seeking a predictive modeler to support predictive analytics efforts in small business commercial lines, including implementation of models.

The starting salary range for this position is $85,000 - $140,000 annually. The pay determination is based on the applicant's education, experience, location, knowledge, skills and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.

Be ready to :

  • produce actuarial/modeling analyses related to rate adequacy, competitive market position, model bias, and residual lift.
  • gain high-level knowledge of actuarial techniques for ratemaking and insurance modeling
  • gain expertise in all data systems available to Predictive Analytics and understand the contents and limitations of each
  • explore new data systems as they become available and document the contents and limitations of each Qualification: Be equipped with:

    Qualified candidates will possess many, but not necessarily all, of the following:
    • at least three years of predictive modeling or property/casualty actuarial experience
    • proficiency with Microsoft Excel
    • experience with VBA, SQL, SAS, R and/or Python
    • experience with other programming languages, such as Java or C#
    • ability to research data contents, evaluate data quality, scrub data, and validate results
    • ability to write business requirements and to relate business and actuarial needs to data construction and coding requirements
    • ability to articulate complex technical concepts to non-technical clients
    • thorough understanding of insurance concepts and P/C insurance products
    • excellent documentation standards and communication skills You've earned:
      • advanced degree in statistics, mathematics, economics, actuarial science, or other related fields
      • graduate degree or Ph.D. is preferred Enhance your talents

        Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you're new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional - all while enjoying a meaningful career.

        Enjoy benefits and amenities

        Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated.To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities. Learn more about our benefits and amenities packages.

        Many departments at our Headquarters in Fairfield, Ohio, offer hybrid work options, empowering associates to work from home several days a week. Depending on your role and responsibilities, hybrid options may be available.

        Embrace a diverse team

        As a relationship-based organization, we welcome and value a diverse workforce. We provide equal employment opportunity to all qualified persons without regard to race; creed; color; sex, including sexual orientation, gender identity and transgender status; religion; national origin; age; disability; military service; veteran status; pregnancy; AIDS/HIV or genetic information; or any other basis prohibited by law. Learn More.

Keywords: Cincinnati Insurance Company, Inc., Middletown , Actuary - Predictive Modeler, Accounting, Auditing , Somerville, Ohio

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