Senior Actuarial Analyst

Position Summary

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

Position Responsibilities

• Assist in developing and enhancing sophisticated tools, processes, systems, and analyses in support of high-performing actuarial and underwriting teams.
• Support regular rate indication analyses to assess profitability and inform business unit financial objectives.
• Maintain and update complex rating plans.
• Work with Underwriting and IT teams to implement rating logic and pricing structures within policy administration systems.
• Monitor renewal rate changes at various granularities and prepare reports for alignment with overall rate targets.
• Collaborate with the Data/Analytics team to deliver key insights to underwriters and leadership.
• Support reinsurance renewals by reviewing and analyzing submission data and assisting in reinsurance pricing assessments.
• Contribute to the annual corporate financial planning process.
• Utilize tools like Excel, SQL, and Python for data analysis, workflow optimization, and improving data quality and efficiency.
• Create and maintain documentation that adheres to the actuarial profession’s high standards.

Knowledge, Skills And Abilities

• Strong analytical and technical skills, including tool-building and data manipulation capabilities.
• Excellent interpersonal skills, including 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 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. The position requires prolonged sitting, extensive computer usage, and interactions with others in person and via phone. The 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, 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.