Actuarial Analyst - Excess | Management Liability

IAT Insurance Group has an immediate opening for an Actuarial Analyst. A solid knowledge of E&S, Primary GL, and Property, Excess Casualty, and/or Management Liability is highly preferred.  The ideal candidate will be able to conduct pricing analysis, maintain rates, and assist in rate filings and reserving work, coordinate annual planning, and provide other business support.  They will have the ability to lead a team of analysts.   The role manages a team of analytics professionals that support the business.    
This role can work a structured hybrid schedule from any IAT site, including but not limited to Cheshire, CT, or Alpharetta, GA, or Naperville, IL, or Rolling Meadows, IL. The role works Monday, Tuesday, and Wednesday on-site with the option to work remotely on Thursday and Friday.

Responsibilities:

• Provides leadership to assigned staff by managing projects; developing and empowering staff; putting staff in a position to succeed, driving engagement, and creating a climate where staff are motivated to do their best.
• Possesses a level of versatility to learn new lines of business, balance multiple projects, and a desire to develop and grow within this role.
• Ability to cultivate relationships between the actuarial/analytics unit and other functional support units within the organization through collaboration and communication.
• Develops tools to measure and monitor profitability by business unit and product.
• Identifies trends in claim frequency and claim severity.
• Creates reports to measure and monitor rate, action-taken, and its impact on retention and new business growth.
• Develops and maintains a capital allocation model to measure the risk-adjusted performance of each business unit.
• Gathers data, analyzes information and has the skills to understand and communicate the results across to the organization.
• Estimates and recommends loss reserves to be carried in the company’s financial statements.
• Determines rates to be charged for each product.
• Develops rate-making templates and provides support for state-by-state rate filings.
• Collaborates with underwriting, claims, IT, and senior management on the development of new products or improvements to existing products.
• Provides an economic view of reinsurance purchase options.
• Performs other duties as assigned.

Qualifications:
Must-Have:

• Requires a Bachelor’s degree and at least five years of related work experience or equivalent.
• Equivalent is considered nine years of related work experience. 
• Must have a solid background in the P&C commercial insurance space, including familiarity with ISO forms/rules. Eager to learn new lines of business and strong desire to be part of a team.
• Ability to self-motivate and drive to succeed, prior experience of demonstrated goal achievement required, ability to lead and manage a team, and extensive knowledge of the insurance industry.
• Must have experience providing on-the-job training to staff or through management, works with direct management reports, and extended actuarial and business intelligence staff.
• Must be able to work independently and have superb oral and written communication capabilities.
• Ability to work effectively in a highly collaborative team environment.
• Ability to build and maintain a network of relationships.
• Strong work ethic, commitment to meeting deadlines.
• Demonstrated initiative, self-starter, with strong analytical and problem-solving skills.
• Results-oriented, this person must have the ability and experience to quickly gain the respect of others within IAT Insurance Group, the industry, and the community in which they exist.
• 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.

Preferred to have:

• ACAS or FCAS

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 our customers with the best possible insurance and surety options. It’s about far more than being a workplace. We’re a work family.
At IAT, our fundamental belief is to 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
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.  We maintain a drug-free workplace and participate in E-Verify.
Come join the IAT family!
IAT Recruiter:
Steve Morley | Senior Recruiter
steve.morley@iatinsurance.com
www.linkedin.com/in/stevemorley916