Draft
POSITION SUMMARY
The Risk Management Actuary ("RMA") plays a key role in supporting IFG Companies' enterprise risk management and underwriting decision-making, with a strong focus on portfolio risk evaluation, pricing adequacy, reinsurance support, and financial risk analysis. This role partners closely with Underwriting, Pricing, Reserving and senior leadership to ensure that pricing structures, risk transfer strategies and portfolio monitoring practices support profitable and sustainable growth. The ideal candidate will be technically strong, collaborative, and skilled at translating complex data into actionable insights. Most importantly, the RMA will deliver high-quality, well-documented analyses that support sound pricing decisions, effective risk oversight and disciplined capital management.
POSITION RESPONSIBILITIES INCLUDING
- Leading the preparation, validation and submission of reinsurance data packages that include exposure, loss and modeled output data for treaty placements.
- Assisting with reinsurance treaty renewal efforts beyond submissions, including responding to reinsurer data requests and follow-up analyses.
- Assisting in the evaluation of reinsurance structures, retentions and limits through financial and risk-based analyses.
- Supporting enterprise risk management activities through analysis of portfolio risk, premium adequacy, loss drivers, and concentration exposures.
- Providing analytical support for internal and external reporting, including management, regulatory and rating agency requests.
- Conducting and reviewing pricing and rate indication analyses to support underwriting profitability and business unit financial goals.
- Collaborating with Underwriting and Pricing to evaluate rating structures, pricing assumptions and portfolio performance trends.
- Monitoring portfolio performance, renewal rate changes and key risk metrics to balance growth, retention and profitability objectives.
- Collaborating with Pricing, Reserving and Modeling Actuaries to ensure consistency of data, assumptions, and results across actuarial functions.
- Designing and implementing analytical tools, dashboards and process improvements to enhance risk monitoring and decision support.
- Performing ad hoc analyses related to large losses, emerging risks and portfolio trends.
- Utilizing tools such as Excel, SQL and Python to analyze data, streamline workflows and improve data quality and efficiency.
- Creating and maintaining documentation that adheres to the high standards of conduct, practices and qualifications of the actuarial profession by following the precepts of the Casualty Actuarial Society's Code of Professional Conduct.
- Other duties, as requested.
KNOWLEDGE, SKILLS AND ABILITIES
- Strong analytical and technical skills, including tool-building and data manipulation capabilities.
- Excellent interpersonal skills, together with solid written and oral communication skills.
- Strong teamwork and collaboration skills, combined with the ability to work independently.
- Ability to prioritize and manage multiple tasks while resolving conflicts constructively.
- Excellent computer skills (e.g., Excel, Word, SharePoint and an ability to learn proprietary IFG Companies systems) and the willingness to learn new ones.
EDUCATION, EXPERIENCE AND CERTIFICATIONS
- Required: A bachelor's degree from an accredited U.S. college/university, with a major or coursework in insurance, risk management, economics, actuarial science, or related fields.
- Required: At least ten (10) years of experience in the Property & Casualty insurance industry, preferably with a U.S. commercial insurer, with meaningful exposure to catastrophe modeling and/or reinsurance.
- Required: Fellow of the Casualty Actuarial Society (FCAS).
PHYSICAL DEMANDS
- Position is hybrid and requires the ability and the willingness to work in an IFG Companies office at least three (3) days per week if residing within one-hour commuting distance.
- Physical demands are considered those of a climate-controlled office environment with minimal physical exertion.
- Position requires prolonged sitting, extensive utilization of computers, and interactions with others in person and via phone.
- Position requires the ability and the willingness to travel when required to meet business needs.
SALARY AND BENEFITS
The salary range for this position is $150,000 to $200,000. Additionally, the position may be eligible to earn incentive compensation. IFG Companies offers competitive compensation and benefits, currently including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, paid parental leave, vacation, and other paid time off.
WHY IFG COMPANIES
Founded in 1985, IFG Companies is one of the oldest privately held insurance groups in the United States. It combines a specialty-carrier focus with long-term stability and thinking, while promoting a culture of underwriting rigor, collaboration, strategic thinking, superior technology and strong producer partnerships.
EQUAL OPPORTUNITY
IFG Companies is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status or any other protected characteristic under applicable law.