Senior Pricing Actuary

IFG Companies; Alpharetta (GA); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Paid parental leave

Vacation time

Job summary

IFG Companies is seeking a Senior Pricing Actuary who will support the underwriting operations through advanced actuarial methodologies and analytics. The position involves conducting rate indication studies, developing rating plans, and collaborating with IT teams to implement pricing structures.

The ideal candidate will have a strong analytical background, excellent communication skills, and a minimum of ten years in the Property & Casualty insurance industry. The role is hybrid, with a salary range of $150,000 to $200,000, along with various benefits including medical, dental, and vacation.

Qualifications

• Ten years of experience in the Property & Casualty insurance industry.
• Ability to drive pricing improvements from concept to implementation.
• Strong teamwork skills and the ability to work independently.

Responsibilities

• Conduct regular rate indication studies to ensure profitability.
• Develop and maintain rating plans across underwriting portfolios.
• Collaborate with IT to implement rating logic into systems.

Skills

Analytical skills

Technical skills

Collaboration

Communication skills

Excel

SQL

Python

Education

Bachelor's degree in insurance, risk management, economics, or actuarial science

Fellow of the Casualty Actuarial Society (FCAS)

Job description

The Senior Pricing Actuary ("SPA") plays a crucial role in supporting the rating and quoting processes for underwriting operations of IFG Companies. The SPA utilizes advanced actuarial methodologies, predictive analytics, market intelligence and other factors to develop pricing models that will support the business units' financial and competitive objectives, while maintaining rate adequacy. The SPA will also assist in improving the pricing tools employed for the benefit of the assigned underwriting units. The ideal candidate will be technically strong, collaborative, and skilled at driving pricing improvements from concept through implementation. Most importantly, the SPA will deliver actionable insights that support profitable and sustained growth.

POSITION RESPONSIBILITIES INCLUDING

• Conducting regular rate indication studies to ensure profitability and support business unit financial goals.
• Developing and maintaining appropriate rating plans across underwriting portfolios.
• Collaborating with Underwriting and IT to implement rating logic and pricing structure into the policy administration systems.
• Designing and implementing innovative analyses and tools to address the pricing needs of underwriters, enabling data-driven decision-making.
• Collaborating effectively with other members of the Actuarial team in pricing, modeling and reserving to deliver strategic pricing insights to underwriters and senior leadership.
• Monitoring renewal rate changes to balance pricing and renewal retention targets.
• Supporting reinsurance renewals by querying, reviewing, analyzing, and validating submission data.
• Assisting with pricing and premium aspects of the annual planning and budgeting processes.
• Providing data and analysis needed for rate filings and various data calls.
• 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's 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.

EDUCATION, EXPERIENCE AND CERTIFICATIONS

• 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 ten (10) years of experience in the Property & Casualty insurance industry, preferably with a U.S. commercial insurer.
• Required: Fellow of the Casualty Actuarial Society (FCAS).

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 a 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 $150,000 to $200,000. 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 thinking, 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.