Senior Actuarial Analyst

Position Summary

The Senior Actuarial Analyst ("SAA") supports the commercial pricing team for the Bind and Brokerage units of IFG Companies. This role involves developing and enhancing actuarial analyses, processes, and models to assist in rating structures, pricing insights, and portfolio rate monitoring.

Position Responsibilities

• Assisting in developing and enhancing sophisticated tools, processes, systems, and analyses in support of high-performing actuarial and underwriting teams.
• Serving as a key contributor to regular rate indication analyses to assess profitability and align with business unit financial objectives.
• Maintaining and updating complex rating plans, collaborating with Underwriting and IT teams to implement rating logic and pricing structures within policy administration systems.
• Monitoring renewal rate changes at various granularities and preparing reports to ensure alignment with overall rate targets.
• Collaborating with the Data/Analytics team to deliver key insights to underwriters and leadership.
• Supporting reinsurance renewals by reviewing and analyzing submission data and assisting in the assessment of reinsurance pricing.
• Contributing to the annual corporate financial planning process.
• Utilizing tools like Excel, SQL, and Python for data analysis, workflow optimization, and improving data quality and efficiency.
• Creating and maintaining documentation that adheres to the high standards of the actuarial profession, following the precepts of the Casualty Actuarial Society Code of Professional Conduct.
• Performing other duties as requested.

Knowledge, Skills And Abilities

• Strong analytical and technical skills, including tool-building and data manipulation capabilities.
• Excellent interpersonal skills, combined 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.
• Independent coding proficiency without LLM assistance.

Education, Experience And Certification

• 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 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.
• 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

The position is hybrid and requires 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. 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 also requires the ability and willingness to travel when required to meet business needs.

Salary And Benefits

The salary range for this position is $100,000 - $130,000. 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.