Actuarial Analyst; Peoria, IL or Chicago, IL

About Us

We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference.

This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us.
RLI is a Glassdoor Best Places to Work 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.

Under regular supervision, conducts analysis, pricing and risk assessments to estimate financial outcomes. Responsible for the collection of data, selection of parameters, and calculations involved with conducting actuarial analysis. Act as a steward of data quality by discovering and discussing data anomalies and issues.

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.

• Loss ratio analysis
• Rating/class plan evaluation
• Experience analysis
• Allocation of IBNR
• Smaller due diligence opportunities
• Segmentation analysis
• Frequency/severity analysis
• Investigate data anomalies

• Typically requires a bachelor’s degree in mathematics, statistics, actuarial science or a related field
• 0+ years of related experience and 1 actuarial exam completed
• Actuarial internship preferred

• Ability to use analytical methods in actuarial processes to assist in finding workable solutions within the Risk Services department.
• Ability to communicate findings and recommendations to internal contacts on Risk Services matters.
• Types of projects include calculating rate change, setup of reserve analysis, validating data and software applications, trend and loss development projects, support rate filings, data extraction, loss ratio analysis, rating/class plan evaluation, experience analysis, allocation of IBNR, smaller due diligence opportunities, frequency/severity analysis, investigate data anomalies, assist with auditing underwriters for effective use and compliance of rules and rating plans.

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.

$73,839.00 - $

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.

• 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)

• Paid time off (PTO) and holidays
• Paid volunteer time off (VTO) to support our communities
• Parental and family care leave
• Flexible & hybrid work arrangements
• Fitness center discounts and free virtual fitness platform
• Employee assistance program

• Comprehensive medical, dental and vision benefits
• Flexible spending and health savings accounts
• 2x base salary for group life and AD&D insurance
• Voluntary life, critical illness, & accident insurance for purchase
• Short-term and long-term disability benefits