Associate Actuary

Hastings Insurance Company; Hastings (MI); Hybrid; USD 110,000 - 150,000; Full time

Job summary

Hastings Insurance is seeking an experienced Associate Actuary to lead commercial lines pricing, profitability analysis, and loss reserving initiatives. This high-visibility role involves independent analysis, setting first-pass reserve reviews, and developing pricing strategies to influence decisions.

Collaborate with Product, Underwriting, Claims, and Finance to identify performance drivers and communicate insights that drive growth and long-term profitability.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field is required.
• ACAS designation is required.
• Minimum of five years of actuarial experience.
• Commercial lines pricing and/or reserving experience required.
• Ability to independently design actuarial analyses, interpret results, and make recommendations.
• Strong mathematical, statistical, and analytical skills.
• Experience analyzing large data sets and translating findings into business recommendations.
• Solid understanding of insurance products, rating methods, profitability analysis, and reserving concepts.
• Knowledge of analytical tools, data sources, and research methodologies.
• Excellent verbal and written communication skills for presenting to business audiences.
• Strong project management and organizational abilities.
• Ability to collaborate in a team environment.
• Experience with commercial auto, workers' comp, property, GL, BOP/CPP, umbrella, or similar lines preferred.
• Familiarity with multivariate modeling or predictive analytics is a plus.

Responsibilities

• Lead actuarial projects supporting commercial lines pricing, profitability analysis, loss reserving, and strategic initiatives.
• Design and manage actuarial analyses using accepted standards and methodologies.
• Analyze product performance and identify opportunities to improve profitability, growth, and retention across commercial lines products.
• Develop pricing recommendations and strategies aligned with business objectives and underwriting profitability.
• Provide technical direction, review, and coaching on analyst work.
• Conduct first-pass quarterly reserve reviews, rate indications, and product profitability studies.
• Collaborate with Product, Underwriting, Claims, and Finance to identify trends and support decisions.
• Research market trends and competitive developments in commercial insurance.

Skills

Actuarial analysis

Pricing & Reserving

Data analysis

Communication skills

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

ACAS designation

Tools

Analytical tools

Job description

Help shape the profitability and growth of Hastings Insurance's Commercial Lines portfolio.

Hastings Insurance is seeking an experienced Associate Actuary to support commercial lines pricing, profitability analysis, and loss reserving initiatives. In this highly visible individual contributor role, you'll lead actuarial analyses with a high degree of independence, including first-pass quarterly reserve reviews, rate indications, product profitability studies, and strategic analyses that directly influence business decisions.

Working closely with actuarial leadership and partners across Product, Underwriting, Claims, and Finance, you'll identify performance drivers, develop pricing and reserving recommendations, and communicate actuarial insights that help position Hastings for long-term success.

What You'll Do:

• Lead actuarial projects supporting commercial lines pricing, profitability analysis, loss reserving, and strategic business initiatives.
• Design and manage actuarial analyses using accepted actuarial standards and methodologies.
• Analyze product performance and identify opportunities to improve profitability, growth, and retention across commercial lines products.
• Develop pricing recommendations and strategies that support business objectives and underwriting profitability.
• Lead actuarial projects as an experienced individual contributor, with support from actuarial analysts. Provide technical direction, review, and coaching on analyst-supported work.
• Conduct first-pass quarterly reserve reviews, rate indications, product profitability studies, and other strategic actuarial analyses.
• Partner with Product, Underwriting, Claims, Finance, and other business stakeholders to identify trends, evaluate performance drivers, and support decision-making.
• Research market trends, product innovations, and competitive developments within the commercial insurance marketplace.
• Communicate actuarial rationale, business tradeoffs, and implementation considerations to leadership and key stakeholders.
• Partner with Product, IT, and implementation teams to ensure actuarial pricing changes are accurately translated into rating systems and business processes.
• Collaborate with external actuarial consultants on pricing reviews and other actuarial initiatives as needed.
• Evaluate existing processes and recommend improvements that enhance efficiency, accuracy, and business value.
• Design and execute actuarial analyses and projects with minimal supervision.

What You'll Bring:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field, or an equivalent combination of education and experience.
• Associate of the Casualty Actuarial Society (ACAS) designation required.
• Minimum of five years of actuarial experience.
• Commercial lines pricing and/or reserving experience required.
• Demonstrated ability to independently design actuarial analyses, interpret results, and develop recommendations.
• Advanced mathematical, statistical, and analytical skills.
• Experience analyzing large data sets and translating findings into actionable business recommendations.
• Strong understanding of insurance products, rating methodologies, profitability analysis, and reserving concepts.
• Advanced knowledge of analytical tools, data sources, and research methodologies.
• Excellent verbal and written communication skills, including the ability to present technical concepts to business audiences.
• Strong organizational, project management, and decision-making skills.
• Ability to work effectively in a collaborative team environment.
• Experience with commercial auto, workers' compensation, commercial property, general liability, BOP/CPP, umbrella, or similar commercial lines products preferred.
• Familiarity with multivariate modeling, predictive analytics, or other advanced actuarial techniques preferred, but not required.

Location & Schedule:

This full-time, salaried position will generally work Monday through Friday, 8:00 a.m. to 4:30 p.m. The role may be performed onsite at our Hastings, Michigan headquarters or in a hybrid arrangement. We will also consider remote candidates who reside in one of our operating states: Michigan, Ohio, Indiana, Illinois, or Wisconsin.

About Hastings Insurance:

For more than 135 years, Hastings Insurance has helped individuals, families, and businesses protect what matters most. As a trusted partner to independent agents and policyholders, we've earned a reputation for financial strength, exceptional service, and long-term stability, including an A (Excellent) financial strength rating from A.M. Best.

While we're proud of our history, we're equally focused on the future. We're investing in technology, strengthening partnerships with independent agents, and continuously evolving our products and services to meet the changing needs of our customers.

Just as importantly, we're investing in our people. Employees enjoy a collaborative, down-to-earth culture where initiative is valued, growth is encouraged, and good work is recognized. We offer competitive pay and benefits, including a 401(k) with company matching contributions, generous paid time off, tuition and professional development assistance, and company performance-based incentive compensation opportunities.

Our Organizational Commitment:

At Hastings Insurance, we believe our people are our greatest strength. We foster a workplace where employees are treated with respect, supported in their growth, and empowered to contribute. We know that diverse perspectives lead to stronger collaboration, better decisions, and better outcomes for our customers and communities.

We are proud to be an equal opportunity employer. Employment decisions are based on business needs, job requirements, and individual qualifications, without regard to any legally protected characteristic.

If you require a reasonable accommodation during the application or interview process, please contact our Talent Acquisition team at 800-442-8277.