Actuary; Peoria, IL or Chicago, IL

Position: Actuary (Peoria, IL or Chicago, IL)
### RLI is a company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.#
** Position Purpose**### Under general supervision, conducts analysis and risk assessment to estimate financial outcomes. Responsible for the collection of data, selection of parameters, and calculations involved with conducting actuarial analysis. Evaluate profitability of products and recommend corrective action. Act as a steward of data quality by discovering and discussing data anomalies and issues with underwriting, claims, accounting, and IT. This is a hands-on position with more advanced analyses that creates value-added analytics.

Should have an aptitude for problem solving, be able to manage multiple project deadlines at once, and be able to effectively communicate the results of your analyses to other departments and management.###
**
* Note:

we prefer that the selected person be based in our Peoria, IL office, but will consider someone working out of our Chicago, IL office.***#
**** Principal

Duties & Responsibilities ***** ### Build exposure rating models for underwriting* ### Analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and risk modeling* ### Fit loss severity distributions* ### Analyze loss trends and emerging risks across multiple lines of business within the specialty insurance portfolio* ### Measure and monitor risk-adjusted returns across the portfolio to support performance evaluation* ### New product development for organic opportunities* ### Increased limits studies* ### Actual vs.

Expected analysis#
**** Education & Experience***** ### Typically requires a bachelor’s degree in mathematics, statistics, actuarial science or a related discipline* ### 4+ years of experience in Property & Casualty actuarial roles* ### Associate of the Casualty Actuarial Society (ACAS) or near designation* ### Prior experience working in a specialty insurance or reinsurance environment is highly desirable#
****** Knowledge, Skills, & Competencies******* ### Ability to provide input or make recommendations to improve Risk Services functions* ### Results orientated* ### Excellent communication and interpersonal skills; ability to convey technical insights to cross-functional teams* ### Ability to make good business judgments based on sound actuarial analysis* ### Regularly offers ideas for enhanced actuarial analysis and occasionally acts independently to execute* ### Demonstrates capabilities on more complex projects* ### Deep understanding of reinsurance structures and their financial impact on insurers’ portfolios* ### Types of projects include advanced statistical analysis, reinsurance evaluation, develop and implement rating models, individual risk pricing, due diligence on large/high risk opportunities, making formal recommendations to management, leading predictive analytics projects#
** Compensation Overview**### The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package  salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs.

The below range may be modified in the future.##
** Base Pay Range**$83,809.00 - $#
** Total Rewards**### At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.##
** Financial Incentives*** ### 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)##
** Work & Life*** ### Paid time off (PTO) and holidays* ### Paid volunteer…