Indiana Farmers Insurance minivan, office building, Indiana Farmers Coliseum sign with fireworks

Actuary I


Indianapolis, Indiana – Combination of Remote & Office Work
Indiana Farmers Insurance is a rare company in today’s world. We value and retain our wonderful associates through a combination of interesting jobs, great co-workers, and top-notch benefits. We are a financially strong mutual insurance company that focuses on the right things. We value making smart decisions and implementing action plans in a sensible way. These factors mean a positive and stable workplace for our associates and excellent service for our members!

Indiana Farmers’ Values: Innovation + Collaboration + Accountability + Respect + Empowerment
We are currently looking for an Actuary I who is eager to engage in our collaborative environment. Our actuaries are an integral part of the business and its success; we do not sequester them away in a basement staring at spreadsheets! Our actuarial team works directly with and supports every department in the organization. While our main focus is traditional pricing and loss reserve analysis, our team members work on a variety of projects such as enterprise risk management, targeted marketing, and describing our ideal work culture - which makes for interesting and fulfilling work!

Responsibilities include but are not limited to:
  • Developing company loss experience reports and working with the department manager, underwriting, marketing, and claims departments to develop rate change recommendations based on this information.
  • Calculating quarterly rate indications and completing pricing studies.
  • Analyzing the company’s competitive position and identifying targeted opportunities; and
  • Building rate books and rate specifications for rate changes for all lines of business.
Qualifications and skills we are looking for include:
  • A bachelor’s degree in actuarial science, mathematics, or related area.
  • A minimum of two actuarial exams passed.
  • General knowledge of the insurance industry and underwriting principles.
  • Interest in collaborating with others and utilizing leadership skills.  
  • A high level of organizational abilities, analytical skills, and excellent attention to detail.
Why work for Indiana Farmers Insurance? Imagine working for an employer like this:
  • 95% retention of its employees over the last 5 years despite a competitive marketplace.
  • Financially stable as shown by our A (Excellent) rating by AM Best.
  • Truly customer focused, as all mutual insurance companies are and
  • A strong legacy of excellent performance throughout our 143 years in business!
Our total rewards package includes a competitive salary and benefits package:
  • Health, dental, vision and life Insurance provided free of charge to associates.
  • Opportunities for advancement.
  • Work schedules that include remote workdays, as well as compressed schedules.
  • An exceptional 401(k) Plan with a 2% match plus an 11% company contribution.
  • Above average Paid Time Off days as well as paid holidays.
  • A diverse workforce.
  • A paid Day of Service to serve others at your favorite charitable organization.
  • Matching funds of up to $100 annually for your favorite charitable organization.
  • An on-site fitness center, complete with showers.
  • Associate recognition awards and an annual Associate Recognition Luncheon.
  • Educational Assistance Program.
  • Casual attire.
  • Free and convenient parking right next to our building; and
  • Smiles and camaraderie with your co-workers is free every day!
Indiana Farmers Insurance is an equal opportunity employer!


Actuary I
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