Insurance Actuarial Specialist

1 week ago


Montgomery, Alabama, United States Alfa Insurance Corporate Careers Full time
Job Overview

Company Profile
Alfa Insurance is a reputable insurance provider recognized for its comprehensive range of automobile, home, life, farm, and business insurance solutions. With a commitment to exceptional customer service, Alfa boasts a 94% claims satisfaction rate and has proudly served over 1 million clients across 14 states since its inception in 1946.

Position Summary
The Insurance Actuarial Specialist is a crucial member of our organization, providing essential support to our actuarial functions and playing a significant role in the success of our insurance operations. In this position, you will collaborate closely with our seasoned actuarial team to analyze intricate data and execute actuarial computations. Your primary responsibilities will encompass conducting analyses to evaluate profitability, market competitiveness, and the sufficiency of reserves. Additionally, you will contribute to the innovation of new products and assist in determining rates for both new offerings and existing services.

Key Responsibilities

  • Contribute to the creation of new insurance products and assist in setting rates for both new and existing offerings.
  • Monitor loss experiences and conduct studies to assess profitability, market competitiveness, and the adequacy of loss reserves.

Required Qualifications

  • A Bachelor's degree in Mathematics is essential. Degrees in Physics, Statistics, or Economics may be acceptable if they include a strong mathematical focus and completion of one or more actuarial examinations.
  • Ability to provide support and collaborate effectively with the production rating team and other actuaries.
  • Coordinate with Analytics, Underwriting, Marketing, and other departments to facilitate sound analysis, decision-making, and product design.

Benefits and Perks

  • Potential for annual performance bonuses.
  • Discounts on auto insurance (subject to underwriting approval).
  • Comprehensive benefits package including health, dental, supplemental cancer, vision insurance, and a 401(k) plan.
  • Generous paid time off policies.
  • Paid time off bank offering 3 days PTO after 80 hours worked for new hires.
  • Short-term and long-term disability coverage.
  • Flexible healthcare and childcare spending accounts for tax savings.
  • Opportunities for career advancement.
  • Ongoing training and support throughout your career with Alfa.
  • College tuition discounts available at various institutions in Alabama.
  • Access to fitness facilities.
  • Onsite cafeteria services.
  • Access to onsite childcare services.


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