Actuarial Associate (Insurance Pricing)

Location: Chicago, Illinois, United States; primarily in the office

Base salary: $77,000–$97,000 per year, plus eligibility for a bonus under the applicable incentive plan

Company

Commercial and personal insurance organization providing property and casualty insurance solutions and risk management services.

What you will do

• Support pricing models and rate indications using actuarial and statistical techniques.
• Prepare, validate, and reconcile data for pricing analyses.
• Assist with pricing analyses, rate proposals, and supporting documentation for business partners.
• Support rating changes in systems, including testing and validation.
• Monitor loss trends, portfolio performance metrics, and notable changes.
• Produce recurring reports and research market trends, competitor behavior, and external factors affecting pricing.

Requirements

• BS in Actuarial Science, Mathematics, Statistics, or a related area.
• Completion of one or more actuarial exams.
• Foundational knowledge of pricing methodologies, including rate adequacy, segmentation, and trend.
• Ability to support pricing analyses using structured data under guidance.
• Familiarity with pricing data, validation, and related tools.
• Basic understanding of governance and the business impact of pricing decisions.
• Ability to keep the manager and immediate team informed about progress, issues, and results.

Culture & Benefits

• Primarily office-based work with an emphasis on in-person collaboration.
• Benefits focused on health, wellbeing, financial security, and professional development.
• Continuous learning and development opportunities.
• Inclusive culture supported by cultural awareness activities and Employee Resource Groups.
• Reasonable accommodations are available for applicants and employees with disabilities.