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Actuary III

Are you looking for a place to plant some roots? Indiana Farmers Insurance is a rare company in today’s world. We value and retain our associates through a combination of interesting jobs, great co-workers, opportunities to learn and grow, and top-notch benefits. We are a financially strong mutual insurance company that focuses on offering excellent service for our policyholders and a positive and stable workplace for our associates!

Indiana Farmers’ Values: Innovation + Collaboration + Accountability + Respect + Empowerment

We are currently searching for an experienced individual to serve as an Actuary III. The ideal candidate will perform duties involving complex actuarial studies to include analyzing loss reserves and driving ratemaking processes. A key component of this position is the proactive review and evaluation of pricing studies and industry rating techniques to determine applicability to the company’s products. The Actuary III is considered a technical expert and a leader.
Responsibilities include but are not limited to:
  • Choosing actuarial selections of IBNR for use in ratemaking and as guidance for reserves carried by the company
  • Designing reserve modeling tools for use in determining IBNR
  • Overseeing quarterly rate indication reviews
  • Providing technical guidance and expertise in the development of rate change proposals
  • Completing complex pricing studies utilizing actuarial modeling techniques
  • Developing improved pricing and reserving models utilizing advanced actuarial techniques
  • Acting as technical expert for actuarial staff and provides training and guidance to members of the unit
  • Reviewing and preparing business cases for tools, methods, vendors, and products that may add value to the company
  • Handling special projects
  • Performing other functions assigned to the position to insure effective and smooth continuity of operations and transactions in the best interest of the company
  • Maintaining a high level of technical expertise in mathematics, statistics, and actuarial procedures by attending applicable seminars or through other approved continuing education methods
Qualifications and skills we are looking for include:
  • College degree in actuarial science, mathematics or related field
  • At least three years of P&C actuarial experience required to be considered
  • Minimum ACAS
  • Excellent computer skills including spreadsheets, databases, and word processing
  • Advanced knowledge of the insurance industry and underwriting principles.
  • Superior written and oral communication skills.
  • High level of organizational and analytical skills with good attention to detail
Why work for Indiana Farmers Insurance? If you are looking for a positive, stable place to work, take a look at what we offer:
  • 95% retention of our associates over the last 5 years despite a competitive marketplace
  • Financially stable organization as shown by our consistent A (Excellent) rating by AM Best
  • Competitive compensation opportunity and outstanding benefits package
  • A strong legacy of excellent performance throughout our 143 years in business
Our total rewards package includes competitive salary and benefits:
  • Excellent health, dental, vision and life Insurance plans are provided free of charge to associates.
  • We promote from within our diverse workforce regularly and offer regular opportunities to learn and grow.
  • We offer an exceptional 401(k) Plan with a 2% match plus an 11% company contribution.
  • An above average Paid Time Off bank of days as well as paid holidays are standard.
  • We offer a paid Day of Service to serve others at your favorite charitable organization.
  • 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 right next to our building make life easier.

For confidential consideration, Apply Here!

Indiana Farmers Insurance is an equal opportunity employer!