Senior Actuarial Analyst

IFG Companies; Jersey City (NJ); Hybrid; USD 130,000 - 150,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k)

Flexible spending account

Short-term disability

Long-term disability

Life insurance

Paid parental leave

Vacation days

Job summary

IFG Companies in New Jersey is seeking a Senior Actuarial Analyst to support its Bind and Brokerage pricing teams. You will develop and enhance actuarial analyses, processes, and models to inform rate indications, pricing decisions, and portfolio monitoring.

The role requires strong analytical skills, experience in P&C insurance, and proficiency in Excel, SQL, and Python. A hybrid work arrangement is offered with several days in the office.

Qualifications

• Bachelor's degree in relevant fields required.
• At least 3 years of experience in P&C insurance actuarial/underwriting/risk management.
• Four CAS actuarial exams required.
• Preferred: CAS Exam 5 or ACAS.
• Preferred: Experience in General Liability and/or E&S.

Responsibilities

• Develop and enhance actuarial analyses, tools, and models for pricing and underwriting.
• Support rate indication analyses to inform profitability and business objectives.
• Maintain and update complex rating plans.
• Collaborate with Underwriting and IT to implement rating logic in policy systems.
• Monitor renewal rate changes and prepare reports for rate targets.
• Work with Data/Analytics to provide insights to underwriters and leadership.
• Support reinsurance renewals and annual planning process.
• Use Excel, SQL, and Python to analyze data and improve data quality.
• Create and maintain documentation per CAS Code of Professional Conduct.

Skills

Strong analytical and technical skills

Excellent interpersonal skills

Teamwork and collaboration

Ability to prioritize multiple tasks

Excel

SQL

Python

Independent coding proficiency without

Communication skills

Education

Bachelor's degree in relevant field

CAS Exams (4)

Tools

SQL

Python

SharePoint

Job description

The Senior Actuarial Analyst ("SAA") plays an important role in supporting the commercial pricing team for the Bind and Brokerage units of IFG Companies. The SAA will develop new and enhance existing actuarial analyses, processes and models that assist the pricing function in providing rating structures, pricing insights and portfolio rate monitoring. The ideal candidate will be technically capable, detail-oriented, self-motivated and effective in working cross-functionally to translate pricing concepts into actionable recommendations for underwriting decisions.

POSITION RESPONSIBILITIES INCLUDING

Primary Responsibilities

• Assisting in developing and enhancing sophisticated tools, processes, systems and analyses in support of high-performing actuarial and underwriting teams.
• Supporting regular rate indication analyses to help assess profitability and inform business unit financial objectives.
• Assisting in maintaining and updating complex rating plans.
• Working with Underwriting and IT teams to implement rating logic and pricing structures within policy administration system across the Bind and Brokerage units.
• Monitoring renewal rate changes at appropriate levels of granularity and preparing reports to support alignment with overall rate targets.
• Collaborating with the Data/Analytics team to support the delivery of key insights to underwriters and leadership.

Additional Responsibilities

• Supporting reinsurance renewals by reviewing and analyzing submission data and assisting in the assessment of reinsurance pricing.
• Assisting with the annual corporate financial planning process.
• Utilizing tools such as Excel, SQL and Python to analyze data, streamline workflows and improve data quality and efficiency.
• Creating and maintaining documentation that adheres to the high standards of conduct, practices and qualifications of the actuarial profession by following the precepts of the Casualty Actuarial Society Code of Professional Conduct.
• Other duties, as requested.

KNOWLEDGE, SKILLS AND ABILITIES

• Strong analytical and technical skills, including tool-building and data manipulation capabilities.
• Excellent interpersonal skills, together with solid written and oral communication skills.
• Strong teamwork and collaboration skills, combined with the ability to work independently.
• Ability to prioritize and manage multiple tasks while resolving conflicts constructively.
• Excellent computer skills (e.g., Excel, Word, SharePoint and an ability to learn proprietary IFG Companies systems) and the willingness to learn new ones.
• Independent coding proficiency without LLM assistance.

EDUCATION, EXPERIENCE AND CERTIFICATION

• Required: A bachelor's degree from an accredited U.S. college/university, with a major or coursework in insurance, risk management, economics, actuarial science or related fields.
• Required: At least three (3) years of experience in the Property & Casualty insurance industry, preferably with a U.S. commercial insurer, in the actuarial, underwriting, risk management, product management and/or claims areas.
• Required: Four (4) actuarial exams recognized by the Casualty Actuarial Society.
• Preferred: CAS Exam 5 or Associate of the Casualty Actuarial Society (ACAS).
• Preferred: Experience in General Liability and/or Excess & Surplus insurance.

PHYSICAL DEMANDS

• Position is hybrid and requires the ability and the willingness to work in an IFG Companies office at least three (3) days per week, if residing within one-hour commuting distance.
• Physical demands are considered those of a climate-controlled office environment with minimal physical exertion.
• Position requires prolonged sitting, extensive utilization of computers, and interactions with others in person and via phone.
• Position requires the ability and the willingness to travel when required to meet business needs.

SALARY AND BENEFITS

The salary range for this position is $130,000 - $150,000. Additionally, the position may be eligible to earn incentive compensation. IFG Companies offers competitive compensation and benefits, currently including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, paid parental leave, vacation, and other paid time off.

WHY IFG COMPANIES

Founded in 1985, IFG Companies is one of the oldest privately held insurance groups in the United States. It combines a specialty-carrier focus with long-term stability and thinking, while promoting a culture of underwriting rigor, collaboration, strategic thought, superior technology and strong producer partnerships.

EQUAL OPPORTUNITY

IFG Companies is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status or any other protected characteristic under applicable law.