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Actuary I

Indiana Farmers Insurance
Posted a month ago, valid for 15 days
Location

Indianapolis, IN 46262, US

Salary

Competitive

Contract type

Full Time

Health Insurance
Paid Time Off
Life Insurance
Disability Insurance
Employee Assistance

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Sonic Summary

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  • Indiana Farmers Insurance is seeking an Actuary I to join their Finance and Actuarial Team, where the role involves shaping business strategy and enhancing pricing and reserving capabilities.
  • Candidates must possess a college degree in actuarial science or a related field, along with a minimum of 2 Casualty Actuarial Society exams and at least 1 year of relevant actuarial experience.
  • The starting salary for the Actuary I position ranges from $62,000 to $76,000, depending on the candidate's education, experience, and number of exams passed.
  • Benefits include free health, dental, and vision insurance, a 401k match, generous paid time off, and flexible work arrangements, among others.
  • Indiana Farmers Insurance boasts a high associate retention rate and a strong legacy of performance, making it an attractive employer in the insurance industry.

Description

Indiana Farmers Insurance is currently looking for an Actuary I to join our Finance and Actuarial Team.


As a key member of our Finance & Actuarial Team, you won't just be running models—you'll be shaping our business strategy. You will have the opportunity to enhance our pricing and reserving capabilities, tackle challenging actuarial projects, and see your analysis directly influence company performance to help us achieve our vision.

  

Benefits for the Actuary I:

  • Free Health insurance
  • Free Dental insurance
  • Free Vision insurance
  • Free Life insurance
  • Free Short-Term & Long-Term Disability insurance
  • 2% 401k Company Match
  • 11% 401k Company Contribution
  • Excellent Paid Time Off
  • Generous paid time for Parental Leave
  • Day of Service
  • We promote from within our widely-talented workforce regularly and consistently offer opportunities to learn and grow
  • Student Loan Assistance Program
  • Educational Incentive Program
  • Several committees to explore, to connect with co-workers and build relationships
  • Two robust Employee Assistance Programs for you and your family
  • Flexible Work Arrangements that include work locations in the office, hybrid schedules and fully remote. The type of arrangement available is determined by the position and business needs
  • Matching funds of up to $100 annually are available from the company for your favorite charitable organization
  • Associate recognition awards, fun gatherings, and opportunities to make friends are part of our culture
  • An on-site fitness center, as well as free and convenient parking, make life easier

Requirements

Qualifications and Responsibilities of the Actuary I include:

  • College degree in actuarial science, mathematics or related field
  • Minimum of 2 Casualty Actuarial Society (CAS) exams
  • 1+ years of relevant work experience in an actuarial role
  • Complete pricing studies and rate indications for property and liability lines
  • Analyzing competitor rating algorithms to recommend strategic adjustments
  • Assisting with the evaluation of loss reserves  
  • Maintain rate books & specification documents for rate changes for multiple lines of business
  • High level of organizational and analytical skills with excellent attention to detail

Why work for Indiana Farmers Insurance? Imagine working for an employer like this:

  • An average associate retention rate of 95+ over the past 5 years
  • Financially stable as shown by our A- (Excellent) rating by AM Best
  • Truly customer focused
  • A strong legacy of excellent performance throughout our 149 years in business!

The starting salary range for this position is $62,000 - $76,000. Actual salary will vary depending on the number of exams passed, education and experience. 


For more information about Indiana Farmers, please go to https://insurance.indianafarmers.com/about-us.

Indiana Farmers Insurance is an equal opportunity employer!




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