Actuary jobs in Montgomery, AL

Benefits:

• Dental insurance
• Health insurance
• Opportunity for advancement
• Paid time off

Company Overview

Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of automobile, home, life, farm and business insurance products. Alfa is known for its superior customer service and boasts 94% claims satisfaction. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.

Working as an Actuary for Alfa Insurance offers a remarkable opportunity that extends beyond the mere task of maintaining a profitable and competitive rate structure. It entails joining a revered company built on principles of faith, family, community, and unwavering integrity. By becoming a member of the Alfa family, you can uncover your true purpose and actively contribute to enhancing the lives of our valued policyholders and making a positive impact in your community.

Job Summary

At Alfa Insurance, our esteemed actuaries are entrusted with a range of crucial responsibilities that make substantial contributions to all actuarial functions. They diligently oversee the adequacy of rates, meticulously prepare resultant rate filings, offer their specialized expertise in areas such as loss reserves and reinsurance, and conduct comprehensive actuarial analyses for the benefit of our management team. Our dedicated team of actuaries is unwavering in their commitment and contribution to the success and profitability of our organization.

Responsibilities

• Help maintain a profitable and competitive rate structure, by reviewing rates for all lines of business (including actuarial indications and competitive analysis) and preparing rate filings.
• Oversee rate filings and actuarial work product produced by lower-level staff and/or outside actuaries, to ensure actuarial soundness and accuracy.
• Monitor and analyze statistical data relating to the financial well-being of the companies from an actuarial standpoint.
• Support collaborative relationships with other Alfa departments including Finance, IT, Accounting, Marketing and Operations.

Qualifications

• Bachelor’s degree in mathematics required. A degree in Physics, Statistics or Economics may suffice provided there is a strong concentration of mathematics.
• Must have membership in the Casualty Actuarial Society, with a minimum designation of Associate (ACAS) and have passed required exams to be capable of signing an Actuarial Opinion.
• Must have at least 5 years of experience in the Actuarial field.

Benefits/Perks

• Opportunity for annual performance bonus
• Discounts on your auto insurance (underwriting approval required)
• Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
• Paid Time Off Bank to include 3 days PTO available after first 80 hours worked for New Hires
• Short-term and long-term disability
• Flexible Healthcare and Childcare spending accounts for tax savings
• Opportunities for advancement
• Continuous training and support throughout your career with Alfa
• College tuition discounts at various colleges in Alabama
• Fitness center
• Onsite cafeteria
• Access to onsite childcare center