Actuarial Analyst

Summit Consulting; Town of Richfield (WI); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Wellness programs

Parental leave

Tuition reimbursement

401(k) with company match

Commuter benefits

Paid time off

Paid holidays

Job summary

NIIC National Interstate Insurance Company is seeking an Actuarial Analyst to join its Richfield, WI team on a hybrid schedule. The role develops actuarial models, analyzes data, and prepares reports to support risk assessment and pricing decisions.

The ideal candidate has a bachelor's degree in actuarial-related fields, 6 months of actuarial experience, and progress toward ACAS exams. Collaboration with underwriting and finance is essential in a fast-paced environment.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics or a related field.
• Minimum of 6 months actuarial experience.
• Has passed 1 or more exams toward Associateship in the Casualty Actuarial Society (ACAS).

Responsibilities

• Assists in developing and maintaining actuarial models to support risk assessment and pricing strategies.
• Analyzes datasets to identify trends and provide preliminary insights for decision-making.
• Prepares clear actuarial reports with accuracy and effective communication.
• Collaborates with underwriting, finance, and product development for actuarial support.
• Ensures compliance with regulatory requirements and industry standards.

Skills

Actuarial methods

Data analysis

Communication skills

Team collaboration

Regulatory knowledge

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Job description

National Interstate is a member of Great American Insurance Group. As one of the leading commercial transportation insurers in the nation, we offer risk financing solutions in all 50 states tailored to meet the needs of a wide variety of transportation classes. Our offerings include traditional insurance and innovative alternative risk transfer (ART) programs, including more than a dozen group captive programs catering to niche wheels markets. We are proud to be a multiple Northcoast 99 winner and Cleveland Plain Dealer Top Workplace in Northeast Ohio. It is because of our talented and dedicated team that we are able to live out our company values of integrity, transparency, fairness, accountability, empowerment and collaboration with each transaction we make. At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

Since 1989, National Interstate has specialized in serving the insurance needs of the wheels-based transportation industry. Our steadfast focus on developing niche expertise in product design, loss control and claim services has made National Interstate one of the most respected names in commercial transportation insurance today. (https://natl.com/)

National Interstate is looking for an Actuarial Analyst to join their team. This individual will work a hybrid schedule out of the Richfield office.

National Interstate's culture is built on connection, shared learning, and strong relationships.

To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. Core in office days are Tuesday-Thursday, with the fourth day determined by business needs.

Essential Job Functions and Responsibilities

• Assists in developing and maintaining actuarial models to support risk assessment and pricing strategies.
• Analyzes datasets to identify trends and provide preliminary insights to support decision-making.
• Prepares clear and concise actuarial reports, focusing on accuracy and effective communication.
• Assists with presentations of actuarial concepts and results to non-technical audiences, collaborating with senior team members.
• Collaborates with underwriting, finance, and product development teams to provide actuarial support.
• Participates in cross-functional projects and contributes foundational actuarial knowledge.
• Ensures compliance with regulatory requirements and industry standards while learning key frameworks and practices.
• May identify opportunities for process improvements and assist with implementing changes to enhance efficiency and accuracy.
• Performs other duties as assigned.

Job Requirements

• Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics or a related field.
• Experience: Generally, a minimum of 6 months of actuarial experience. Has passed 1 or more exams toward Associateship in the Casualty Actuarial Society (ACAS).

Scope of Job/Qualifications

• Works on assignments of low to moderate technical complexity and variety.
• Proficient in various actuarial techniques and develops the capability to determine the most suitable method for each specific situation.
• Strong analytical skills with the ability to use data to inform decisions.
• Demonstrates interpersonal and communication skills, with the ability to work collaboratively in a fast-paced environment and across departments.
• Develops and maintains knowledge of changes in regulations and industry trends and participates in professional development activities to stay current with actuarial best practices.
• To advance within the actuary track, continued eligibility in the Actuarial Student Program and ongoing progress toward Fellowship are expected.

Company: NIIC National Interstate Insurance Company

Benefits: We offer competitive benefits packages for full-time and part-time employees*.

• Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement.
• Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs.

*Excludes seasonal employees and interns.

National Interstate Insurance Company, and our wholly owned subsidiary, Vanliner Insurance Company, are proud members of Great American Insurance Group. We provide highly innovative insurance solutions and world-class customer service for a variety of commercial transportation industries. Our success is a reflection of our highly motivated team of employees.