What are the responsibilities and job description for the Senior Actuarial Analyst (property-casualty insurance) position at IAT Insurance Group?
IAT has an immediate opening for a Senior Actuary. To be effective, a solid knowledge of E&S Primary GL and Property, Excess Casualty, and/or Management Liability is highly preferred. The ideal candidate will be able to conduct pricing analysis, reserving work, maintain rates, assist in rate filings, coordinate annual planning, and provide other business support.
This role can work a structured hybrid schedule from an IAT site in Alpharetta, GA, Naperville, IL, or Rolling Meadows, IL. Other IAT sites will be considered. The role works Monday, Tuesday, and Wednesday on-site, with the option to work remotely on Thursday and Friday. To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.
Based on the knowledge, skills, and abilities demonstrated, we may consider the title Associate Actuary for this role.
Responsibilities:
- Possesses a level of versatility to learn new lines of business, balance multiple projects, and a desire to develop and grow within this role.
- Ability to cultivate relationships between the actuarial/analytics unit and other functional support units within the organization through collaboration and communication.
- Develops and maintains tools to measure and monitor profitability by business unit and product.
- Identifies trends in claim frequency and claim severity.
- Creates & maintains reports to measure and monitor rate, action-taken, and its impact on retention and new business growth.
- Gathers data, analyzes information and has the skills to understand and communicate the results to key leaders
- Estimates and recommends loss reserves to be carried in the company’s financial statements.
- Determines rates to be charged for each product.
- Collaborates with underwriting, claims, IT on the development of new products or improvements to existing products.
- Performs other duties as assigned.
Qualifications:
Must-Have:
- Requires a Bachelor’s degree and a minimum of five years of relevant work experience or equivalent.
- Equivalent is considered nine years of related work experience.
- Must have a solid background in the P&C commercial insurance space, including familiarity with ISO forms/rules.
- Ability to demonstrate that one is actively working towards their ACAS or FCAS.
- Ability to demonstrate an ability to learn new lines of business and be a collaborative team player.
- Ability to self-motivate and drive to succeed, prior experience of demonstrated goal achievement required, ability to lead and manage a team, and extensive knowledge of the insurance industry.
- Must be able to work independently and have superb oral and written communication capabilities.
- Ability to work effectively in a highly collaborative team environment.
- Ability to build and maintain a network of relationships.
- Strong work ethic, commitment to meeting deadlines.
- Demonstrated initiative, self-starter, with strong analytical and problem-solving skills.
- Results-oriented, this person must have the ability and experience to quickly gain the respect of others within IAT Insurance Group, the industry, and the community in which they exist.
- To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.
Preferred to have:
- Experience with SQL and Python
- Predictive Modeling Experience
Our Culture
IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.
At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
- 26 PTO Days (Entry Level) 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
IAT Recruiter:
Steve Morley | Senior Recruiter
steve.morley@iatinsurance.com
www.linkedin.com/in/stevemorley916
Compensation:
Senior Actuary: Please note, that the annual gross salary range associated with this posting is $92,800 – $146,800. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.
Associate Actuary: Please note, that the annual gross salary range associated with this title is $125,000– $175,000. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.
Salary : $92,800 - $146,800
