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Insurance Modeling Jobs in Chicago, IL (NOW HIRING)

Farnsworth Group

Finance Director

Lisle, IL

The Finance Director plays a critical role in mergers and acquisitions, capital planning, captive insurance modeling, real estate financial management, and enterprise-wide budgeting and forecasting.

Farnsworth Group

Finance Director

Lisle, IL · On-site

$175K - $215K/yr

The Finance Director plays a critical role in mergers and acquisitions, capital planning, captive insurance modeling, real estate financial management, and enterprise-wide budgeting and forecasting.

IT America Inc

Data Modeler (P&C Insurance)

Chicago, IL · On-site

$56.50 - $73.25/hr

Property and Casualty Insurance (P&C) experience is mandatory The Data Modeler role works with ... Deep understanding of data modeling principles and architecture concepts * Knowledge of different ...

PremiStar

Risk Manager

Deerfield, IL · On-site

Support M&A due diligence, insurance modeling, and post-acquisition integration Claims & Total Cost of Risk Management * Provide executive-level oversight of workers' compensation, auto, general ...

Prime Insurance Company

Be Seen First

Insurance Underwriter

Chicago, IL · On-site

$45K - $250K/yr

NO REMOTE WORK AVAILABLE Company Description Prime Insurance Company is a committed and trusted resource for individuals, businesses and producers, following a bold business model that has inspired ...

Big I Illinois

Insurance Agent

IL · On-site +1

$60K - $150K/yr

We believe this model is the best approach for you as the agent and, in turn, for the client. If ... Independent insurance agents protect our customers by providing home, auto, business, life and ...

West Monroe

Manager, Insurance

Chicago, IL

Our Insurance practice is a growing team focused on business and technology projects that transform ... We assist our clients by developing operating models and cost optimization strategies, while ...

West Monroe

Manager, Insurance

Chicago, IL · On-site

Our Insurance practice is a growing team focused on business and technology projects that transform ... We assist our clients by developing operating models and cost optimization strategies, while ...

Concerto

Manager, Insurance Strategy

Lincolnwood, IL · On-site +1

$120K - $150K/yr

Pet Insurance * 401k match of 50% up to 6% of salary * PTO * Paid Holidays * Discounts through ... Our model focuses on ensuring those with end-stage renal disease receive the best possible care ...

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All JobsInsurance Modeling JobsInsurance Modeling Jobs in Chicago, IL

Insurance Modeling information

What is the difference between Insurance Modeling vs Actuarial Analyst?

AspectInsurance ModelingActuarial Analyst
Required CredentialsOften requires proficiency in Excel, VBA, SQL, and insurance-specific software; certifications like CPCU or FCAS are beneficialTypically requires actuarial exams, a degree in mathematics or statistics, and actuarial certifications (SOA, CAS)
Work EnvironmentFinancial institutions, insurance companies, consulting firms; focus on model development and data analysisInsurance companies, consulting firms; focus on risk assessment and valuation
Industry UsageUsed for pricing, reserving, and risk modeling in insurance productsUsed for reserving, pricing, and risk analysis, often involving regulatory compliance

Insurance Modeling and Actuarial Analyst roles share overlapping skills in data analysis and insurance knowledge. However, Insurance Modeling emphasizes building and maintaining financial models using software tools, while Actuarial Analysts focus on applying mathematical and statistical methods to assess risk and determine pricing. Both roles are vital in the insurance industry but differ in certification requirements and daily tasks.

What are popular job titles related to Insurance Modeling jobs in Chicago, IL?

For Insurance Modeling jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Insurance Modeling jobs in Chicago, IL look for?

The top searched job categories for Insurance Modeling jobs in Chicago, IL are:

Insurance Modeling jobs near you
Infographic showing various Insurance Modeling job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Full Time. Highlights an 66% In-person, and 34% Remote job distribution.

Finance Director

Lisle, IL

Farnsworth Group
See more jobs at Farnsworth Groupexternal

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 28 days ago

Job description

Farnsworth Group is seeking a Finance Director in the posting locations below. In this role, the Finance Director provides strategic financial leadership and oversees all aspects of financial management, planning, analysis, and reporting for the organization. This role partners closely with the CFO, executive leadership, and business unit leaders to drive financial performance, support growth initiatives, and ensure the integrity of financial operations. The Finance Director plays a critical role in mergers and acquisitions, capital planning, captive insurance modeling, real estate financial management, and enterprise-wide budgeting and forecasting.
Posting Locations: Champaign, Lisle, Normal, Peoria, Springfield, IL; Dallas, TX; St. Louis, MO; Waukee, IA
What You’ll Do:
Mergers amp; Acquisitions (M amp;A)
  • Lead financial due diligence for potential acquisitions and strategic partnerships / joint ventures.
  • Develop and maintain financial models to evaluate enterprise valuations, deal structures, valuations, synergies, and return on investment.
  • Coordinate with legal counsel and internal constituents throughout the transaction lifecycle.
  • Prepare executive-level M amp;A memos, deal summaries, and board presentation materials.
  • Support post-close integration activities including financial systems consolidation and reporting alignment.
Financial Planning amp; Analysis (FP amp;A)
  • Budgeting amp; Financial Planning
  • Own and manage the annual enterprise-wide budgeting process in collaboration with department and business unit leaders.
  • Develop multi-year financial plans aligned with organizational strategy and capital allocation priorities.
  • Establish budgeting timelines, templates, and governance processes to ensure consistency and accuracy.
  • Monitor budget-to-actual performance and proactively communicate variances and recommended actions to leadership.
Planning amp; Analysis (FP amp;A)
  • Lead the FP amp;A function, delivering monthly, quarterly, and annual financial reporting packages to senior leaders / group leaders.
  • Develop rolling forecasts and scenario analyses to support strategic decision-making.
  • Provide analytical support for major capital investments, pricing decisions, and new business opportunities.
  • Design and maintain KPI dashboards and financial metrics that align with operational and strategic objectives.
Variance Analysis amp; Management Reporting
  • Conduct detailed variance analyses comparing actuals to budget, forecast, and prior-period results.
  • Identify root causes of financial variances and present findings with actionable recommendations.
  • Prepare monthly management reporting packages including executive summaries, trend analyses, and commentary.
  • Support department leaders in understanding financial results and driving corrective actions where needed.
Cash Flow Modeling amp; Treasury
  • Build and maintain dynamic cash flow models to project short- and long-term liquidity needs.
  • Monitor daily cash positioning and optimize working capital across the organization.
  • Partner with banking relationships to manage S-T investments, marketable securities, credit facilities, shareholder distributions, and investment activity.
  • Partner with Senior Controller on cash flow forecasting processes that integrate accounts receivable, accounts payable, and payroll cycles.
Captive Insurance amp; Risk Management
  • Serve as the primary financial liaison for the organization’s captive insurance program.
  • Oversee captive financial reporting, premium allocations, loss reserve reviews, and regulatory filings.
  • Coordinate with captive managers, actuaries, and legal counsel on program structure, compliance, and renewals.
  • Analyze captive performance metrics and provide strategic recommendations to optimize deductibles, coverage limits, and policy effectiveness.
Real Estate Lease Management
  • Manage the financial aspects of the organization’s real estate portfolio including lease accounting under ASC 842.
  • Review, analyze, and model financial implications of new leases, renewals, terminations, and amendments.
  • Partner with facilities and operations on real estate strategy, occupancy cost analysis, furniture expenditures, and space optimization.
Capital Expenditures (CapEx)
  • Develop and manage the annual capital expenditure budget in coordination with department leaders and operations.
  • Establish and maintain a CapEx approval framework, including project justification, prioritization, and authorizations
  • Build and maintain CapEx models to evaluate ROI, payback periods, and NPV for proposed investments
  • Track and report on CapEx spending versus approved budgets and provide variance analyses
  • Support long-range planning cycles for equipment replacement, fleet vehicles, and office upgrades
Financial Memos amp; Executive Communications
  • Draft and review financial memos, education sessions, and board materials with clarity and precision.
  • Translate complex financial data into concise narratives tailored to executive audiences.
  • Prepare investment committee materials, and strategic analysis documents as needed.
What You’ll Need:
Education
  • Bachelor’s degree in finance, Accounting, Economics, or a business-related field required.
  • Master of Business Administration (MBA) is an alternative option to a bachelor’s degree in business.
Experience
  • Minimum of 10 years of progressive finance experience, with at least 3–5 years in a senior finance leadership role.
  • Demonstrated experience leading M amp;A financial due diligence and integration efforts.
  • Proven track record managing FP amp;A, budgeting, and cash flow modeling for a mid-size organization ($100M- $500M in annual sales).
  • Experience with captive insurance program preferred.
  • Familiarity with commercial real estate leases.
  • 3- 5 years of Treasury and Portfolio management experience.
Technical Skills
  • Advanced proficiency in Microsoft Excel, including complex financial modeling and data analysis.
  • Experience with ERP systems (e.g., Deltek Vantagepoint, Oracle, SAP, NetSuite, Infor, MS Dynamics) and financial reporting platforms.
  • Proficiency in Microsoft 365 suite including Word, PowerPoint, and SharePoint.
  • Experience with business intelligence and data visualization tools a plus.
Who We Are
Join Farnsworth Group, a nationally recognized architectural, engineering, and surveying firm, where your career can thrive! For ten consecutive years, we’ve been certified as a Great Place to Work®, and our engineers, architects, surveyors, and scientists channel their passion and expertise into making meaningful contributions to the world around us. With almost 650 talented professionals across 24 offices, we collaborate with clients ranging from small communities to some of the world’s largest brands. Our success is built on our people - their passion, creativity, and commitment to excellence. Here, you’ll find a supportive culture that champions your growth, embraces challenges, values work-life balance, and empowers you to make a lasting impact for our clients and the communities we serve. Join us and move your career forward.
A Great Place to Work Certified
For ten consecutive years, Farnsworth Group has earned the prestigious Great Place to Work® certification—thanks to our employees! Each year, our staff participates in a survey administered by the Great Place to Work organization, measuring perceptions of credibility, respect, pride, fairness, and camaraderie. The results are benchmarked against the nation’s leading companies, and only top performers receive the certification. Insights from the survey help us continually enhance our work environment and foster a culture that makes Farnsworth Group an even greater place to work.
Featured benefits and perks include:
  • 401(k) with 100% Company Match up to 5%
  • Medical/Dental/Vision Insurance Plans
  • Flexible Spending and Health Savings Accounts
  • Short amp; Long-Term Disability
  • Maternity and Paternity Leave
  • Professional Development and Training
  • Mentoring Program
  • Paid Time Off
  • Wellness/Fitness Reimbursements
  • Pet Insurance Plan
  • Hybrid Work Program
Farnsworth Group appreciates that flexibility and work-life balance are important aspects of the careers and lives of our employees. Our Hybrid Work Program offers employees a flexible work arrangement while contributing to the Company’s culture and success.
Salary Range: $175,000 - $215,000 (Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, as well as internal and external equity)
Statement on Diversity and Inclusion
Farnsworth Group is a collection of employees with unique backgrounds and perspectives that all come together to make us a better Company. It is our goal to recruit, hire, develop, retain, and promote a diverse group of people. Join us…and let’s make a difference, together.
Farnsworth Group, Inc. is proud to be a M/F Disabled and Veteran EEO/AA employer.
For immediate consideration, please Apply Online by clicking on the "Apply for this Position" tab below.
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