Senior Pricing Actuary

IFG Companies•Hartford, CT

7d•$150,000 - $200,000•Hybrid

About The Position

The Senior Pricing Actuary ("SPA") plays a crucial role in supporting the rating and quoting processes for underwriting operations of IFG Companies. The SPA utilizes advanced actuarial methodologies, predictive analytics, market intelligence and other factors to develop pricing models that will support the business units' financial and competitive objectives, while maintaining rate adequacy. The SPA will also assist in improving the pricing tools employed for the benefit of the assigned underwriting units. The ideal candidate will be technically strong, collaborative, and skilled at driving pricing improvements from concept through implementation. Most importantly, the SPA will deliver actionable insights that support profitable and sustained growth.

Requirements

Strong analytical and technical skills, including tool-building and data manipulation capabilities.
Excellent interpersonal skills, together with 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.
Excellent computer skills (e.g., Excel, Word, SharePoint and an ability to learn proprietary IFG Companies systems) and the willingness to learn new ones.
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 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).

Responsibilities

Conducting regular rate indication studies to ensure profitability and support business unit financial goals.
Developing and maintaining appropriate rating plans across underwriting portfolios.
Collaborating with Underwriting and IT to implement rating logic and pricing structure into the policy administration systems.
Designing and implementing innovative analyses and tools to address the pricing needs of underwriters, enabling data-driven decision-making.
Collaborating effectively with other members of the Actuarial team in pricing, modeling and reserving to deliver strategic pricing insights to underwriters and senior leadership.
Monitoring renewal rate changes to balance pricing and renewal retention targets.
Supporting reinsurance renewals by querying, reviewing, analyzing, and validating submission data.
Assisting with pricing and premium aspects of the annual planning and budgeting processes.
Providing data and analysis needed for rate filings and various data calls.
Utilizing tools such as Excel, SQL and Python to analyze data, streamline workflows and improve data quality and efficiency.
Creating and maintaining documentation that adheres to the high standards of conduct, practices and qualifications of the actuarial profession by following the precepts of the Casualty Actuarial Society's Code of Professional Conduct.
Other duties, as requested.