Senior Reinsurance Actuarial Analyst

IAT Insurance Group has an immediate opening for a Senior Actuarial Analyst to support and collaborate with the entire Assumed Reinsurance team as a member of IAT’s Corporate Actuarial Department. The role would include pricing individual risks, assisting in reserve reviews, participating in roundtable discussions of deals, and participation in various actuarial projects.
The ideal candidate will have at least five years of actuarial experience, ACAS Designation, and a solid understanding of P&C products. Reinsurance experience is preferred.
This role works a hybrid schedule from any IAT Office. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working Thursday and Friday remotely. We have an office in Cheshire, CT, Naperville, IL, Rolling Meadows, IL, Alpharetta, GA, Raleigh, NC, Newark, NJ, and Jersey City, NJ. Depending on location and qualifications, we will consider 100% remote.
Responsibilities:

• Performs economic analyses at the treaty level, identification, quantification, and determination of risk and expense elements. Determines appropriate returns to support each treaty’s risk profile.
• Monitors profitability of the Assumed Re book of business by participating in the reserving process quarterly. Communicates results to interested constituents in finance, underwriting, and claims.
• Monitors industry trends in frequency and severity by line of business
• Manages books of business; identifies trends, provides recommendations to senior leadership; participates in the implementation and monitoring of the strategic direction
• Gathers data, analyzes information, and makes recommendations/decisions to solve problems. Interprets the meaning of information for others within the organization
• Present and defend pricing analysis in Roundtable decision-making process. Actively participate and constructively challenge the presentation of potential deals in this f
• Performs other duties as assigned.

Qualifications:
Must haves:

• Bachelor’s degree in actuarial sciences, statistics or analytics and at least five years of relevant P&C actuarial experience and their ACAS Designation.
• We will consider those who passed at least five exams and are approaching their ACAS Designation.
• Strong knowledge of Actuarial procedures and methodologies which may include pricing, reserving and modeling.
• Strong critical thinking and complex problem-solving skills. Ability to build mutual trust.
• Must be able to work independently and have superb oral and written communication capabilities.
• Ability to proactively identify opportunities or problems and the ability to facilitate understanding and solution development.
• Highly skilled in analytical and conceptual thinking.
• 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 the 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.

Prefer to have:

• Reinsurance experience.
• Product background in property and auto liability.
• At least eight years of relevant P&C actuarial experience.

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 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 Profit Sharing
• 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
Compensation:
Please note, the annual gross salary range associated with this posting is $75,000 - 170,000. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit sharing opportunities and more. Actual salaries will vary based on factors such as a candidate qualifications, skills, competencies, and geographic location related to this specific role.