Actuarial Manager, Healthcare

Odyssey Group; Chicago (IL); On-site; USD 150,000 - 190,000; Full time

Job summary

A leading insurance provider is seeking an Actuarial Manager in Chicago. This role involves leading actuarial analyses, developing sophisticated pricing models, and collaborating with various departments. The ideal candidate should have substantial experience in medical malpractice and healthcare liability, combined with strong communication and leadership skills. The position offers a competitive salary range of $150,000 - $190,000, depending on experience and location.

Qualifications

• At least 7 years of actuarial experience; 10+ years preferred.
• 5 years in medical malpractice/healthcare liability.
• Experience with complex and loss-rated pricing.

Responsibilities

• Lead comprehensive actuarial analyses across commercial P&C coverages.
• Develop and enhance pricing models for individual and portfolio pricing.
• Collaborate with underwriting and finance for strategic decision-making.

Skills

Actuarial analysis

Statistical methods

Leadership

Communication

Pricing models

Analytical skills

Data visualization

Education

Bachelor’s degree in Actuarial Science, Mathematics, or Statistics

Minimum ACAS designation

Advanced degree (optional)

Tools

R programming

Actuarial software

Job description

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Date: Apr 2, 2026

Location: Chicago, IL, US New York, NY, US

Company: Odyssey

About Us:

Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators.

Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Hudson Insurance Company is admitted in all U.S. jurisdictions. Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson Specialty Insurance Company and Hudson Excess Insurance Company.

Collectively known as Hudson Insurance Group, its companies are rated A+ (Superior) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group, a leading worldwide underwriter of reinsurance and specialty insurance and wholly owned by Fairfax Financial Holdings Limited.

Position Description: The Actuarial Manager is a key role within Hudson, responsible for leading and executing comprehensive actuarial analyses across healthcare and non‑medical professional liability lines of business, as well as other related commercial P&C coverages. This position requires an experienced actuary who can develop sophisticated pricing models, assess risk and profitability at both portfolio and account levels, and clearly communicate findings and recommendations to senior leadership and non‑technical stakeholders. The ideal candidate combines deep technical expertise, significant experience in medical malpractice/healthcare liability and professional liability, and strong leadership and communication skills. This role will be based in either our New York City or Chicago office.

Skills, Knowledge and Abilities

• Conduct detailed actuarial analyses to assess risk, loss cost trends, and profitability across healthcare and non‑medical professional liability and related commercial P&C lines, using advanced statistical methods and mathematical modeling techniques.
• Develop, enhance, and maintain sophisticated pricing models (including GLMs and similar tools) to support both portfolio and individual/large account and loss‑rated pricing.
• Lead the design and implementation of pricing strategies and methodologies across multiline portfolios that balance competitiveness, growth, and profitability.
• Provide actuarial support and insight on individual and large accounts, including program design, rating structures (including loss‑rated plans), and deal‑level pricing recommendations.
• Collaborate closely with underwriting, finance, claims, and operations to integrate actuarial insights into strategic decision making, portfolio management, and execution.
• Prepare and present clear, concise reports, dashboards, and presentations to senior management, effectively translating complex actuarial results and approaches for non‑actuarial audiences.
• Mentor a small team (approximately 1–3) of actuaries and/or analysts, fostering professional development, high performance, and an innovative, analytical culture.
• Ensure actuarial work adheres to applicable regulatory requirements, internal governance standards, and industry best practices, including rate filings and interactions with Departments of Insurance where applicable.
• Monitor market and industry trends, competitor behavior, and emerging risks in healthcare, professional liability, and related commercial P&C segments to inform strategic recommendations and product/pricing opportunities.
• Continuously improve actuarial processes, tools, and methodologies to enhance efficiency, accuracy, and timeliness of analyses and reporting.

Education/Experience:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field; an advanced degree is a plus.
• Minimum ACAS designation with at least 7 years of actuarial experience; 10+ years of experience is strongly preferred.
• Minimum 5 years of experience in medical malpractice/healthcare liability, with additional experience in non‑medical professional liability strongly preferred.
• Significant individual and large account pricing experience, including complex and loss‑rated structures, within healthcare and professional liability and other commercial P&C segments.
• Proven expertise in actuarial modeling, risk assessment, and pricing strategies specific to healthcare, professional liability, and broader commercial P&C lines of business.
• Experience building and maintaining sophisticated pricing models using GLM or comparable techniques and tools.
• R programming experience preferred; ability to work with large, complex datasets and support automation and industrialization of actuarial analyses.
• High proficiency with actuarial and statistical software, along with solid data management and visualization skills.
• Superior ability to clearly and effectively communicate actuarial results, assumptions, and approaches to non‑actuaries, including underwriters and executive management.
• Exceptional analytical and problem‑solving skills, with strong attention to detail and a high standard of accuracy.
• Strong organizational and time‑management skills, with the ability to manage multiple priorities and deadlines in a fast‑paced environment.

In New York City, NY the pay range for this role is $150,000 - $190,000. This role may also be eligible to participate in a discretionary annual incentive program. The specific offer will depend on an applicant’s skills and other factors. This range is specific to New York City, NY and may not be applicable to other locations.

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