Associate Actuary, Casualty Pricing

American Ag®, a global provider of diversified reinsurance services, is looking for an Associate Actuary, Casualty Pricing to join our pricing team based out of our office in Schaumburg, Illinois. This is a hybrid position working in the office a minimum of three days a week.

The Associate Actuary, Casualty Pricing will focus on the pricing and evaluation of casualty and specialty reinsurance contracts, including quota share, excess of loss, and structured reinsurance arrangements across long‑tail lines of business.

We are seeking a highly technical actuary who enjoys deep analytical work, complex pricing challenges, and developing a strong understanding of portfolio risk and treaty structure. The ideal candidate will have meaningful experience pricing casualty reinsurance business and will be comfortable working independently on sophisticated transactions.

• Pricing casualty, property, and specialty reinsurance contracts, including quota share, excess of loss, and aggregate structures
• Performing detailed actuarial analyses of treaty submissions, historical loss experience, exposure information, cedent performance, and reserving adequacy as it relates to pricing assumptions
• Developing pricing assumptions and parameterizations for long‑tail casualty lines, including capital allocation methodologies and risk‑adjusted pricing margins
• Evaluating complex treaty features including reinstatements, swing commissions, profit commissions, and structured terms
• Building, enhancing, and maintaining actuarial pricing tools and analytical processes
• Working closely with underwriting, catastrophe modeling, and portfolio management teams to assess business fit and risk‑adjusted return
• Contributing to pricing model development, reserving feedback loops, and portfolio optimization initiatives
• Validating and reconciling pricing assumptions against historical and emerging experience
• Utilizing actuarial, statistical, and programming techniques to improve analytical efficiency and pricing accuracy

• Bachelor’s degree in actuarial science, mathematics, or statistics or a related college degree
• ACAS or FCAS designation strongly preferred
• 5+ years of experience working in the actuarial field
• Experience pricing long‑tail casualty business
• Strong understanding of reinsurance structures, treaty mechanics, and actuarial pricing methodologies
• Experience with quota share and structured reinsurance pricing is highly desirable
• Advanced analytical and technical problem‑solving skills along with strong proficiency in Excel and actuarial modeling techniques
• Ability to independently manage complex analyses and operate with a high degree of technical rigor
• Experience with Python, SQL, SAS, or other analytical programming languages preferred
• Ability to communicate complex pricing analyses and actuarial concepts to underwriting, claims, contracts, accounting, and other business partners
• Strong attention to detail and intellectual curiosity regarding actuarial and portfolio risk issues

The expected starting salary range for this position is between $150,000 and $220,000. Actual pay will be determined based on experience and other job‑related factors permitted by law.

This position is also eligible for an annual bonus.

We do not sponsor employment visas and are unable to take over an employment visa from another employer. Applicants must be authorized to work in the U.S. for any employer without the need for employment visa sponsorship.

American Ag participates in E‑Verify.