AVP, Actuary (Focus Management Liability)

IAT Insurance Group has an immediate opening for an AVP Actuary from our Cheshire CT; Naperville IL; Rolling Meadows IL; or Raleigh NC location.

This position serves as the primary actuarial lead for our Management Liability business. To be effective an industry leading knowledge of Management Liability is highly preferred. This role is responsible for conducting pricing analyses reserving analyses rate maintenance supporting rate filings coordinating annual planning activities and providing strategic business support. This role may include direct supervisory responsibilities and will involve matrix management of analytics professionals supporting the business. While the primary need is at the actuarial lead level we are also open to considering candidates at other actuarial levels including Associate Actuary position based on experience and qualifications.

This role works a hybrid schedule that requires working from the office Monday through Wednesday with the option of working Thursday and Friday remotely.

Responsibilities:

• Provides actuarial insights with subject matter expertise around the Management Liability product suite including primarily EPLI Crime and D&O coverages.
• Cultivates relationships between the actuarial/analytics unit and other functional support units within the organization through collaboration and communication.
• Develops tools to measure and monitor Management Liability profitability across various dimensions.
• Identifies trends in claim frequency and claim severity.
• Creates reports to measure and monitor rate action-taken and its impact on retention and new business growth.
• Develops and maintains capital allocation model to measure the risk-adjusted performance of each business unit.
• Gathers data analyzes information and has the skills to understand and communicate the results across to the organization.
• Estimates and recommends loss reserves to be carried in the companys financial statements.
• Determines rates to be charged for each product.
• Develops rate-making templates and provides support for state-by-state rate filings.
• Collaborates with underwriting claims IT and senior management on the development of new products or improvements to existing products.
• Provides an economic view of reinsurance purchase options.
• Perform other duties as needed

Qualifications:

Must-Have:

• Requires a Bachelors degree or equivalent.
• Requires a minimum of 10 years of related work experience
• Must have a solid background in the P&C commercial insurance space including familiarity with typical Management Liability forms/rules.
• Ability to self-motivate and drive to succeed prior experience of demonstrated goal achievement required ability to lead and manage a team and extensive knowledge of the insurance industry.
• Must have experience providing on-the-job training to staff or through management works with direct management reports and extended actuarial and business intelligence staff.
• To qualify applicants must be authorized to work in the United States and must not require VISA sponsorship now or in the future for employment purposes.

Preferred to Have:

• Masters Degree
• FCAS preferred but not required.

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.

Our Culture

IAT Insurance Group is the largest private family-owned property and casualty insurer in the U.S. I nsurance A nswers T ogether 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 were committed to driving and building an open and supportive culture for all. Our employees propel IAT forward driving innovation stable partnerships and growth. Thats 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

Compensation:

Please note that the annual gross salary range associated with this posting is $129070 $280710. Actual salaries will vary based on factors such as a candidates qualifications skills competencies and geographical location related to this specific role. The total compensation will include a base salary performance-based bonus opportunities 401(K) match profit-sharing opportunities and more.

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