Furthermore, as a member of the Actuarial department, this role will be a part of the IAT Actuarial Development Program - a program providing study time and actuarial resources for Actuarial exams. The ideal candidate will have an actuarial or math degree and have passed a few actuarial exams.
Responsibilities:
- Produces rate adequacy reports to assist business in understanding profitability and rate need.
- Develops and maintains technical pricing tools.
- Maintains reports to accurately measure rate, retention, and new business growth.
- 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.
- Develops tools to measure and monitor profitability by business unit and product.
- Identifies trends in claim frequency and claim severity and communicates results to underwriting and claims management.
- Estimates and recommends loss reserves to be carried in the company's financial statements.
- Develops rate-making templates and provides support for state-by-state rate filings.
- Perform other duties as needed
Qualifications:
Must Have:
- Bachelor's degree or equivalent experience is required (we will consider December 2025 graduates).
- 1 or more Actuary Exams completed or on the way to being completed are 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 and 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 Microsoft Products including Excel, SQL, or Python 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.
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.
IAT Insurance Group 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.
At IAT, we're committed to driving and building an open and supportive culture for all. 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.