Job Description

Job Title: P/C Actuarial Analyst 2

Location: Bloomington, IL (Hybrid - 3 days in-office, 2 days remote)

Salary: $90,000 – $130,000 per year

Job Type: Permanent, Full-Time

Bonus: 6% annual bonus

Job Description:

We are seeking a Property/Casualty (P/C) Actuarial Analyst 2 to join our team in Bloomington, IL. The ideal candidate will be responsible for researching and analyzing various types of data to support rate adjustment proposals, reserve estimates, economic capital models, and filings with state insurance departments. Additionally, this role will contribute to implementing new rates and rating plans. Candidates should have strong analytical skills and experience in actuarial functions within the P/C insurance industry.

Key Responsibilities:

• Research and analyze data to produce rate adjustment proposals, reserve estimates, and economic capital models .
• Provide actuarial support for filings with state insurance departments and recommend changes where appropriate.
• Develop and propose solutions for actuarial or product line management .
• Pursue Casualty Actuarial Society (CAS) designation , at least through Associate of the Casualty Actuarial Society (ACAS) level.
• Research and analyze data for special projects within a defined scope .
• Serve as P/C Actuarial representative for project committees as assigned.

Required Qualifications:

• Property/Casualty (P/C) experience is required.
• At least 3-5 actuarial exams completed towards ACAS.
• Minimum of a few years of experience in an actuarial role.
• Ability to analyze complex actuarial models and provide impactful recommendations.

Nice-To-Have:

• Local to Bloomington, IL .
• Experience working in pricing and product development , including determining rating and pricing structures and premiums.
• Familiarity with state regulations and insurance filings .

How This Role Fits in the Organization:

• This role plays a critical part in developing actuarial formulas that lead to impactful pricing and risk strategies .
• Provides consultation and clarification on actuarial models, risk issues, and pricing strategies.
• Supports Product Line and State Managers in determining product line premium rates, profit forecasts, and actuarial assumptions.
• Contributes to research and development of actuarial techniques, standards, and regulatory considerations .

Why Join Us?

• Strong company culture that values innovation, collaboration, and career growth.
• Opportunity to work in a large but agile organization where individual contributions make a tangible impact.
• Comprehensive benefits package , including medical, dental, vision, disability, and life insurance.
• 401(k) with company match .
• Career development opportunities within actuarial, product management, and beyond .

Additional Details:

• Relocation Assistance: Yes, nationwide.
• Work Hours: Not flexible.
• Equity in Position: No.
• Visa Sponsorship: Not available.
• New Position: Yes (not a backfill).
• Direct Reports: No.

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