Assistant Actuary

WHO WE ARE

IMT is proud of our heritage and will never forget where our roots are firmly planted. Locally run from its office in West Des Moines, Iowa, IMT has been a Midwest company since it was founded in Wadena, Iowa in 1884. That’s over 140 years!

Today, IMT continues to offer a strong line of personal and commercial insurance products for which it has always been known, along with exceptional service for a competitive price. Our products are offered through Independent Agents throughout a six-state territory – Iowa, Illinois, Minnesota, Nebraska, South Dakota, and Wisconsin.

ASSISTANT ACTUARY

IMT Insurance is looking to hire an Assistant Actuary to join our Research and Development Actuary department. This individual will independently develop rate level indications, provide pricing recommendations, and prepare supporting rate filing materials for multiple lines of business. You will also partner with cross-functional stakeholders to evaluate, finalize, and implement rate changes within policy administration systems while ensuring alignment with profitability, growth and regulatory objectives. To learn more about this opportunity, apply online today!

A DAY IN THE LIFE

• Independently develop rate level indications and provide data-driven rate recommendations across multiple lines of business, balancing profitability, growth, and market competitiveness.
• Collaborate with Underwriting, Marketing and other business partners across the organization to analyze market conditions and performance in order to develop and implement rate changes that achieve profitability and growth goals.
• Develop and maintain rate filing documentation, including actuarial support and regulatory exhibits, and serve as the primary contact for responding to objections, questions, and information requests from state insurance departments.
• Develop, test, and maintain rating engine components, including rates, rating factors and calculation logic, ensuring accurate premium generation within policy systems.
• Develop and maintain competitive analyses to evaluate market positioning and emerging industry trends.
• Collaborate with cross-functional teams to design, develop, test, and implement system enhancements, product changes, new coverages, and process improvements within policy administration systems.

DESIRED QUALIFICATIONS

• ACAS or completion of 4-7 actuarial exams with 4+ years of experience is needed to perform the essential functions of the job.
• Demonstrate developing technical expertise and knowledge of industry trends, emerging technologies, and best practices.
• Possess analytical, mathematical and technical problem-solving skills with the ability to evaluate data, identify trends, and deliver accurate insights while maintaining a high level of attention to detail.
• Developing skills applicable to the intermediate usage of databases, including SQL programming language, data validation, and data analysis.
• Actively listen with strong oral and written communication skills, including the ability to present complex information in an understandable manner.
• Ability to operate standard office computer systems, including advanced usage of Excel.
• Must possess the ability to work well with others, including collaboration within and across teams.

BENEFITS & PERKS

IMT Insurance is committed to our employees and their families. When you work for IMT, you earn far more than just a paycheck. The IMT office was new in 2018 and offers a fitness room, game room and a variety of collaboration areas. This position includes hybrid and remote work arrangements, learning and development opportunities and more! Below is a list of what IMT offers our employees:

• Medical, dental, and vision insurance, Life & A D & D insurance, 401K retirement savings accounts, spending accounts, long and short-term disability, profit share, paid vacation & sick time, employee assistant program and additional voluntary benefits.

The salary range for this position is $99,000.00 - $150,000.00

Starting salary and level of position will depend on level of experience and actuarial exam progress

This position is not eligible for tips or commission but may be eligible for additional bonuses

Fully remote work involves important payroll and legal considerations for the company. IMT has identified eligible states of residence for continued employment with IMT. Eligible states include: Arizona, Colorado, Florida, Iowa, Illinois, Minnesota, Missouri, Nebraska, North Carolina, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Washington, and Wisconsin.

WHAT DEFINES US

Our vision is to provide peace of mind in the moments that matter.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant based on race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state, or local protected class.

Our agents and customers come from all walks of life and so do we. Our goal is to hire great people from a wide variety of backgrounds, because it makes our team stronger. If you share our values and our passion for creating a Worry Free life for others, we want to talk to you!