Senior Pricing Actuary
Position Summary
The Senior Pricing Actuary ("SPA") supports the rating and quoting processes for underwriting operations of IFG Companies. Using advanced methodologies and analytics, the SPA develops pricing models to align with financial and competitive goals, ensuring rate adequacy. They collaborate on pricing tools and assist with reinsurance renewals, providing insights for profitable growth.
Responsibilities
Conduct regular rate indication studies to ensure profitability and support business unit financial goals.
Develop and maintain appropriate rating plans across underwriting portfolios.
Collaborate with Underwriting and IT to implement rating logic and pricing structure into policy administration systems.
Design and implement innovative analyses and tools to address pricing needs, enabling data-driven decision-making.
Collaborate with the Actuarial team to deliver strategic pricing insights to underwriters and senior leadership.
Maintain renewal rate changes to balance pricing and retention targets.
Support reinsurance renewals by reviewing, analyzing, and validating submission data.
Assist with annual planning and budgeting processes, providing data and analysis for rate filings and data calls.
Utilize tools like Excel, SQL, and Python for data analysis, workflow optimization, and enhancing data quality and efficiency.
Create and maintain documentation that adheres to professional standards and the Casualty Actuarial Society's Code of Professional Conduct.
Knowledge, Skills And Abilities
Strong analytical and technical skills, including tool-building and data manipulation.
Excellent interpersonal and written/oral communication skills.
Strong teamwork and collaboration skills, with the ability to prioritize and resolve conflicts constructively.
Advanced computer skills (Excel, Word, SharePoint) and willingness to learn new systems.
Education, Experience And Certifications
A bachelor's degree from an accredited U.S. college/university, majoring 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.
Fellow of the Casualty Actuarial Society (FCAS).
Physical Demands
The position is hybrid and requires working in an IFG Companies office at least three (3) days per week, if residing within a one-hour commuting distance. Physical demands are minimal, including prolonged sitting, extensive computer use, and occasional in-person and phone interactions.
Salary And Benefits
The salary range for this position is $150,000 to $200,000, with potential for 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.
Equal Opportunity Employer
IFG Companies is an equal opportunity employer. All applicants will be considered for employment without discrimination based on race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or any other protected characteristic under applicable law.