Actuarial Analyst (Peoria, IL or Chicago, IL)
RLI Insurance Company is a unique insurance provider focused on delivering exceptional results. The Actuarial Analyst will conduct analysis, pricing, and risk assessments to estimate financial outcomes while ensuring data quality and addressing anomalies.
Responsibilities
- Loss ratio analysis
- Rating/class plan evaluation
- Experience analysis
- Allocation of IBNR
- Smaller due diligence opportunities
- Segmentation analysis
- Frequency/severity analysis
- Investigate data anomalies
Skills
- Typically requires a bachelor's degree in mathematics, statistics, actuarial science or a related field
- 0+ years of related experience and 1 actuarial exam completed
- Ability to use analytical methods in actuarial processes to assist in finding workable solutions within the Risk Services department
- Ability to communicate findings and recommendations to internal contacts on Risk Services matters
- Actuarial internship preferred
Benefits
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
Company Overview