Actuarial Analyst (P&C Insurance)

National Association of Asian American Professionals, Inc.; Naperville (IL); Hybrid; USD 70,000 - 112,000; Full time

Job summary

A leading insurance provider is seeking an Actuarial Analyst for a hybrid role in Naperville, IL. Responsibilities include producing rate reports, developing pricing tools, and collaborating with teams. Candidates should have a Bachelor's degree, at least 2 years of experience, and completed Actuarial exams. Strong analytical and communication skills are required. Benefits include 26 PTO days, 401(k) match, and training opportunities.

Benefits

26 PTO Days

7% 401(k) Company Match

Hybrid work environment

Healthcare and Wellness Programs

Educational Assistance Program

Qualifications

• 2 years of relevant experience or 6 years of actuarial experience in P&C Insurance.
• 4 or more Actuary Exams completed.
• Ability to work independently with strong communication skills.

Responsibilities

• Produce rate adequacy reports for business understanding.
• Develop and maintain pricing tools.
• Collaborate with teams to improve products.

Skills

Analytical skills

Communication

Problem-solving

Collaboration

Education

Bachelor's degree

Actuarial exams

Tools

Excel

SQL

Python

Job description

Overview

IAT Insurance Group is seeking an Actuarial Analyst for a hybrid role based in Naperville, IL or Alpharetta, GA, or Cheshire, CT. We work from the office Monday through Wednesday with the option of working remotely Thursday and Friday.

The position will focus on insurance pricing but has exposure to reserving practices. The role supports Inland Marine, Property, Aviation, Programs, and Homeowners business units. As a member of the Actuarial department, the candidate can enroll in IAT's Actuarial Development Program — a program providing study time and actuarial resources for Actuarial exams.

Responsibilities

• Produces rate adequacy reports to assist business in understanding profitability and rate need.
• Develops and maintains technical pricing tools.
• Maintains reports to accurately measure rate, retention, and new business growth.
• Collaborates with underwriting, claims, IT and senior management to develop plans for new products or improvements to existing products and procedures.
• Gathers data, analyzes information, and makes recommendations/decisions to solve problems. Interprets the meaning of information for others within the organization.
• Develops tools to measure and monitor profitability by business unit and product.
• Identifies trends in claim frequency and claim severity and communicates results to underwriting and claims management.
• Estimates and recommends loss reserves to be carried in the company's financial statements.
• Develops rate-making templates and provides support for state-by-state rate filings.
• Performs other duties as needed.

Qualifications

Must Have:

• Bachelor's degree and 2 years of relevant experience or equivalent experience is required.
• Equivalent experience is defined as having 6 years of relevant actuarial experience in the P&C Insurance environment.
• 4 or more Actuary Exams completed or on the way to being completed are required.
• Able to work independently and have strong oral and written communication capabilities.
• Able to proactively identify opportunities or problems and facilitate understanding and solution development.
• Able to demonstrate highly skilled analytical and conceptual thinking.
• Able to work effectively in a highly collaborative team environment.
• Able to build and maintain a network of relationships.
• Able to demonstrate a strong work ethic and commitment to meeting deadlines.
• Able to demonstrate a history of taking the initiative, being a self-starter with strong analytical and problem-solving skills.
• Working knowledge of Microsoft products including Excel, SQL, or Python is preferred.
• 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.

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. We are committed to an open and supportive culture where employees propel IAT forward — driving innovation, stable partnerships and growth, and an engaging workplace culture to attract and retain talent.

Benefits

• 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

Additional information

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
[e-mail]
www.linkedin.com/in/stevemorley916

Compensation: Actuarial Analyst: The annual gross salary range is $70,400 - $111,500. Senior Actuarial Analyst: The annual gross salary range is $92,800 - $146,800. Salaries vary based on qualifications, skills, competencies, and geographical location. Total compensation includes base salary, performance-based bonuses, 401(k) match, profit-sharing opportunities, and more.