Actuarial Analyst

IAT Insurance Group has an immediate opening for an Actuarial Analyst to support our Inland Marine, Property, Aviation, Programs, and Reinsurance business units as a member of IAT’s Corporate Actuarial Department. This role will focus primarily on insurance Pricing but will also have exposure to Reserving practices. The candidate will report to an office in Naperville, IL or Scottsdale, AZ or Cheshire, CT. We will consider other IAT office locations like Rolling Meadows, Newark, or Raleigh for the right candidate.

IAT Insurance Group Actuaries can enroll in IAT’s Actuarial Development Program - a program designed to support staff with study time and actuarial resource to prepare for exams.

The ideal candidate will have 3-5 years of experience, at least 3 exams and a desire to support business unit leaders while growing their knowledge, abilities, and skills as an actuary and a business partner. Experience with commercial property and rate filing experience is helpful.

Responsibilities:

• Produces rate adequacy reports to assist business in understanding profitability and rate need.
• Develops rate-making templates and provide support for state-by-state rate filings.
• Develops and maintains technical pricing tools.
• Maintains reports to accurately measure rate, retention, and new business growth.
• Estimates and recommends loss reserves to be carried in the company’s financial statements.
• Collaborates with underwriting, claims, IT and senior management to develop plans for new products or improvements to existing products and procedures.
• Gathers data, analyze information, and makes recommendations/decisions to solve problems. Interprets the meaning of information for others within the organization.

Qualifications:

• Bachelor’s degree and at least 2 years of experience or the equivalent is required.
• Equivalent experience is defined as having 6 years of relevant actuarial experience in the P&C Insurance environment.
• 4 or more Actuary Exams completed & passed required
• Able to work independently and has strong oral and written communication capabilities.
• Able to proactively identify opportunities or problems and to facilitate understanding and solution development.
• Able to demonstrate highly skilled analytical and conceptual thinking.
• Able to work effectively in a highly collaborative team environment.
• Able to build and maintain a network of relationships.
• Able to demonstrate a strong work ethic, commitment to meeting deadlines.
• Able to demonstrate a history of taking the initiative, being a self-starter with strong analytical and problem-solving skills.
• Working Knowledge of EXCEL VBA, SQL, or R is preferred
• To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.

Our Culture
IAT is the largest private, family- owned property and casualty insurer in the U.S. Insurance Answers Together is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers. It’s about far more than being a workplace.

We’re a work family.

At IAT, our fundamental belief is to a create a culture where all employees are heard and have a sense of belonging. Inclusion and Diversity are not just initiatives, it’s how we live. We’re committed to driving and building an open and supportive culture. By embracing the uniqueness of our employees, investing in their development, listening to, and engaging their ideas, we are stronger as an organization.

Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent. We offer comprehensive benefits like:

• 26 PTO Days (Entry Level) 12 Company Holidays = 38 Paid Days Off
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• 7% 401(k) Company Match and additional Discretionary Retirement Contribution
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and participate in E-Verify.

Come join the IAT family!

COVID 19 Statement:
IAT actively tracks COVID vaccination rates, possible symptoms, and cases across the organization so we can make informed decisions about workplace safety. As a result, while IAT does not require employees to be vaccinated, employees are required to log their vaccination records and attest daily to being symptom free before entering IAT offices.

IAT Recruiter:
Steve Morley | Senior Recruiter
steve.morley@iatinsurance.com
www.linkedin.com/in/stevemorley916