Risk Management Actuary

About the role

The Risk Management Actuary ("RMA") plays a key role in supporting IFG Companies' enterprise risk management and underwriting decision-making, with a strong focus on portfolio risk evaluation, pricing adequacy, reinsurance support, and financial risk analysis. This role partners closely with Underwriting, Pricing, Reserving, and senior leadership to ensure that pricing structures, risk transfer strategies, and portfolio monitoring practices support profitable and sustainable growth. The ideal candidate will be technically strong, collaborative, and skilled at translating complex data into actionable insights. Most importantly, the RMA will deliver high-quality, well-documented analyses that support sound pricing decisions, effective risk oversight, and disciplined capital management. While this is a hybrid role, remote flexibility is considered for an exceptional candidate.

Responsibilities

• Lead the preparation, validation, and submission of reinsurance data packages that include exposure, loss, and modeled output data for treaty placements.
• Assist with reinsurance treaty renewal efforts beyond submissions, including responding to reinsurer data requests and follow-up analyses.
• Assist in the evaluation of reinsurance structures, retentions, and limits through financial and risk-based analyses.
• Support enterprise risk management activities through analysis of portfolio risk, premium adequacy, loss drivers, and concentration exposures.
• Provide analytical support for internal and external reporting, including management, regulatory, and rating agency requests.
• Conduct and review pricing and rate indication analyses to support underwriting profitability and business unit financial goals.
• Collaborate with Underwriting and Pricing to evaluate rating structures, pricing assumptions, and portfolio performance trends.
• Monitor portfolio performance, renewal rate changes, and key risk metrics to balance growth, retention, and profitability objectives.
• Collaborate with Pricing, Reserving, and Modeling Actuaries to ensure consistency of data, assumptions, and results across actuarial functions.
• Design and implement analytical tools, dashboards, and process improvements to enhance risk monitoring and decision support.
• Perform ad hoc analyses related to large losses, emerging risks, and portfolio trends.
• Utilize tools such as Excel, SQL, and Python to analyze data, streamline workflows, and improve data quality and efficiency.
• Create and maintain 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.

Requirements

• 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.
• At least ten (10) years of experience in the Property & Casualty insurance industry, preferably with a U.S. commercial insurer, with meaningful exposure to catastrophe modeling and/or reinsurance.
• Fellow of the Casualty Actuarial Society (FCAS).

Skills

• 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 the willingness to learn new proprietary IFG Companies systems.

Schedule

This is a hybrid role requiring the ability and willingness to work in an IFG Companies office at least three (3) days per week if residing within one-hour commuting distance. Remote flexibility is considered for an exceptional candidate. Position requires the ability and willingness to travel when required to meet business needs.

Physical demands are those of a climate-controlled office environment with minimal physical exertion. The role requires prolonged sitting, extensive computer utilization, and interactions with others in person and via phone.

Pay

The salary range for this position is $150,000 to $200,000. Additionally, the position may be eligible to earn incentive compensation.

Benefits

IFG Companies offers competitive compensation and benefits, including:

• Medical, dental, and vision insurance
• 401(k) plan
• Flexible spending accounts
• Short-term and long-term disability insurance
• Life insurance
• Paid parental leave
• Vacation and other paid time off