At COUNTRY Financial, our Actuary 1- Property/Casualty develops basic to very complex actuarial formulas leading to the recommendation of extensive and impactful pricing strategies. Provides consultation and clarification on actuarial models and risk issues, and influences management towards courses of action that have potentially sizeable impact on products, markets, underwriting, pricing, risk management and profitability. May direct simple to complex actuarial projects simultaneously, cross-functionally, as well as aspects of very broad, large and complex initiatives. Specializes in pricing/product development including determining rating and pricing structures and premiums, and the origination and evaluation of rate structures for new product ideas, which are complex and strategic. In addition, supports research in the development in actuarial techniques, standards, and assumptions, and in the legal and regulatory environment. Supports Product Line and State Managers in determining the product line's premium rates and pricing structures, profit forecasts, and other product line actuarial determinations.
Researches and analyzes various types of data to produce rate adjustment proposals, reserve estimates or economic capital models; and/or actuarial support for filings with state insurance departments; and/or to implement new rates and rating plans, using existing procedures, recommending changes where appropriate.
Analyzes data towards developing and proposing solutions for actuarial issues. * Pursues a Casualty Actuarial Society designation at least through ACAS level. Maintains appropriate Continuing Education credit to maintain Actuarial credentials.
Researches and analyzes data for special projects within a defined scope. Serves as Property/Casualty Actuarial representative for project committees as assigned.
Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related field of study.
May have passed 1 - 2 exams, but with computer-based testing/self-paced e-learning, some incumbents may have completed the Pre-Associate (ACAS) exams.
Normal office environment.
Work may extend beyond normal business hours as business needs dictate.
Internal Number: 190343
About COUNTRY Financial
COUNTRY Financial has helped families protect what they have, save for a comfortable future and achieve financial security for nearly 100 years.
We offer a full range of insurance and financial products and services, including auto, home, life, and commercial insurance, and retirement planning, investment management and trust services, to nearly 1 million households and businesses.
The organization’s more than 5,000 financial representatives and employees work closely with customers to create insurance and investment programs that meet their financial objectives.
We care about the community, supporting national and regional non-profit groups across the country.
We’ve delivered on our promises to customers since 1925, when a group of Illinois Farm Bureau members established the insurance company to provide fire insurance on their property. Auto insurance was added in 1927, followed by life insurance in 1929.
COUNTRY Financial is headquartered in Bloomington, IL and has revenue of $3.5B.