Actuarial Analyst - REACH 2025 - Gallagher

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Please note: The REACH Program start date is July 2025. Early starts may occur based on business needs.

Are you ready to kick-start your career or transition into a stable industry that is committed to your professional growth? Look no further! Join us at Gallagher Re and fast-track your career as an Actuarial Analyst through our REACH Program.

This is a 24-month structured learning and development program that will equip upcoming and recent college graduates, as well as career changers, with the skills and knowledge needed to excel in the world of reinsurance broking and risk management. Through this opportunity, you will gain direct access to our esteemed Executive Team and an extensive network of supportive mentors, inspiring trainers, and talented colleagues. Get ready for an experience where guidance and collaboration pave the way to success. All hours spent in training are hours worked and are paid competitively. This is a full-time role with a hybrid work schedule. You will have in-office days and remote days determined by the location.

From natural catastrophes to cyber or political risks, you will play a pivotal role in protecting our clients' assets and helping them navigate complex risks with confidence. By immersing yourself in sophisticated analytics, you will provide invaluable insights, innovative risk transfer strategies, and operational expertise, enabling our clients to maintain strong financial positions to cover claims for their policyholders when disasters strike.

Every day presents new challenges, ensuring your work remains dynamic and engaging. As a program participant, you will:

• Lead data collection and manipulation, mastering the art of working with large data sets within databases, Excel, and other tools
• Conduct and deliver compelling analyses for new business proposals and existing client meetings, showcasing your expertise and influencing critical decisions
• Contribute to proofs of concept and the development of pricing models and actuarial benchmark pricing, making a tangible impact on our business operations
• Learn and master our proprietary financial modeling and reinsurance optimization data delivery methods, unlocking the power of advanced technology in risk management

Throughout your journey, you will receive comprehensive exam support as you progress towards your ACAS/FCAS credentials. Our exam program includes paid time off to study and full expense coverage for study materials and exam fees.

As your experience and expertise grow, you will play a meaningful role in helping clients navigate challenges and find coverage solutions that align with their budgets. Your expertise will be instrumental in supporting clients during unexpected losses, ensuring their businesses continue to thrive.

Minimum Requirements:

• Bachelor’s degree in a related field, i.e. Actuarial Science, Mathematics, Economics, Finance, etc.
• Passed a minimum of one actuarial exam
• Intent to pursue an actuarial designation, ACAS/FCAS, from the Casualty Actuarial Society
• Advanced Excel skills, i.e. creating formulas, pivot tables, macros, conditional formatting, and statistical modeling
• Strong technological proficiency enabling you to use various software for efficient task completion
• Exceptional written and verbal communication skills to effectively engage with clients and colleagues
• Flexibility to travel to our home office in Rolling Meadows, IL, five (5) different times for training. Rest assured, all travel expenses will be covered by Gallagher Re

Nice-to-Haves:

• Previous internship or work experience in a related field
• Knowledge of or curiosity about the reinsurance broking and risk management industry

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On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. 

 Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include:

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.