Pricing Actuary Job at IFG Companies, Chicago, IL

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  • IFG Companies
  • Chicago, IL

Job Description

Join to apply for the Pricing Actuary role at IFG Companies 6 days ago Be among the first 25 applicants Join to apply for the Pricing Actuary role at IFG Companies Get AI-powered advice on this job and more exclusive features. The Pricing Actuary ("PA") plays a crucial role in supporting IFG Companies' underwriting including in maintaining rate adequacy and in improving pricing tools that will benefit the underwriting portfolio of the assigned underwriting units. The ideal candidate will be technically strong, collaborative and skilled at driving pricing improvements from concept through implementation. Most importantly, the PA will deliver actionable insights that support profitable and sustained growth. Position Responsibilities Including Conducting regular rate indication studies to ensure profitability and support business unit financial goals. Developing and maintaining appropriate rating plans across underwriting portfolios. Collaborating with Underwriting and IT to implement rating logic and pricing structure into the policy administration system. Designing and implementing innovative analyses and tools to address the pricing needs of underwriters, enabling data-driven decision-making. Collaborating effectively with other members of the Actuarial team in pricing, modeling and reserving to deliver strategic pricing insights to underwriters and senior leadership. Monitoring renewal rate changes within underwriting units to balance pricing and renewal retention targets. Supporting reinsurance treaty renewal efforts by querying, reviewing, analyzing and validating submission data. Assisting with pricing and premium aspects of the annual planning and budgeting processes. Providing data and analysis needed for rate filings and various data calls. Performing various data analyses utilizing a combination of tools, including Excel, SQL and Python, while streamlining workflows, enhancing data capture and optimizing existing processes. Creating and maintaining documentation that adheres to the high standards of practice and qualifications of the actuarial profession by following the precepts of the Casualty Actuarial Society's code of professional conduct. Other duties, as required. Knowledge, Skills And Abilities Strong technical skills and tool-building capabilities (Python coding expertise is preferred). Excellent interpersonal skills, together with solid written and oral communication skills. Strong teamwork and collaboration skills. The 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: Bachelor's degree in Actuarial Science, Data Science, Statistics or a related field of study. Required: At least 7 years of experience in the Property & Casualty industry. Required: Associate of the Casualty Actuarial Society (ACAS) or Fellow of the Casualty Actuarial Society (FCAS) certification. Preferred: Specialty Property or Inland Marine experience.

PHYSICAL DEMANDS

Physical demands are considered to be that of a climate-controlled office environment, with minimal physical exertion. Position is hybrid and requires the ability and willingness to work in an IFG office at least three (3) days per week. Position requires prolonged sitting, extensive utilization of computers and interactions with others in meetings or via phone. Position requires the ability and the willingness to travel as required to meet business needs.

WHY IFG COMPANIES

Founded in 1985, IFG Companies is one of the oldest privately held insurance groups in the United States. It combines specialty carrier focus with long-term stability and thinking, promoting a culture of underwriting rigor, collaboration, strategic thinking, superior technology and strong producer partnerships. Benefits IFG Companies offers competitive compensation and benefits, including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, long-term care, paid parental leave, vacation, and other paid time off. Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at IFG Companies by 2x Sign in to set job alerts for “Pricing Actuary” roles. Chicago, IL $75,000.00-$115,000.00 1 month ago Early Careers: Retirement Actuarial Internship – Midwest - Summer 2026 Chicago, IL $90,000.00-$150,000.00 6 months ago Chicago, IL $130,000.00-$213,000.00 3 weeks ago International Wealth Consultant (Actuary) Chicago, IL $120,000.00-$160,000.00 1 week ago Chicago, IL $111,000.00-$190,000.00 2 weeks ago Chicago, IL $106,500.00-$186,500.00 4 days ago Chicago, IL $105,000.00-$179,700.00 1 week ago Management Consulting - Actuaries Intern - Summer 2026 Insurance Business Analyst – Commercial Underwriting Rosemont, IL $116,080.00-$159,610.00 2 months ago Chicago, IL $86,000.00-$156,000.00 2 weeks ago Chicago, IL $117,000.00-$234,500.00 6 days ago Actuarial Internship Program - Summer 2026 Reviewing Actuary, (Cash Balance Actuaries) Chicago, IL $70,000.00-$100,350.00 1 month ago Chicago, IL $101,420.00-$172,480.00 1 week ago Chicago, IL $165,000.00-$200,000.00 1 week ago Chicago, IL $100,000.00-$195,000.00 7 months ago Chicago, IL $140,000.00-$230,000.00 1 day ago Actuarial Consultant - P&C Insurance Pricing and Predictive Modeling Chicago, IL $100,000.00-$120,000.00 2 weeks ago Senior Insurance Actuarial Analyst - Auto Chicago, IL $77,900.00-$157,850.00 6 days ago Chicago, IL $85,000.00-$110,000.00 2 weeks ago Schaumburg, IL $86,000.00-$156,000.00 2 weeks ago Chicago, IL $101,420.00-$172,480.00 2 weeks ago Chicago, IL $130,000.00-$213,000.00 3 weeks ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr IFG Companies

Job Tags

Full time, Temporary work, Summer work, Work at office, Flexible hours, 3 days per week,

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