Associate Actuary

Jobtailor; Illinois; On-site; USD 120,000 - 180,000; Full time

Job summary

Hastings Insurance is seeking an experienced actuary to shape profitability and growth in its Commercial Lines portfolio in the US. You will lead pricing, reserving, and strategic analyses, providing direction on complex models and business initiatives.

The role requires ACAS and five years of actuarial experience, with strong communication and collaboration across departments. You will design analyses, review results, and present recommendations to leadership, while mentoring analysts and

Qualifications

• Bachelor's degree in a related field or equivalent experience.
• Minimum of five years actuarial experience.
• ACAS designation is required.
• Commercial lines pricing and/or reserving experience required.
• Ability to design analyses, interpret results, and make recommendations.
• Strong mathematical, statistical, and analytical abilities.
• Experience evaluating large data sets and translating findings.
• Deep understanding of insurance products, rating methodologies, profitability analysis and reserving concepts.
• Knowledge of data sources, research methods, and analytic tools.
• Excellent communication, both verbal and written.
• Strong organizational and project-management skills.

Responsibilities

• Shape profitability and growth of Hastings Insurance's Commercial Lines portfolio.
• Lead actuarial projects supporting pricing, profitability analysis, reserving, and strategic initiatives.
• Design and manage analyses using actuarial standards and methodologies.
• Analyze product performance and identify profitability, growth, and retention opportunities.
• Develop pricing recommendations aligned with business objectives and profitability.
• Lead projects as a senior contributor with support from analysts.
• Provide direction, review, and coaching on analyst work.
• Conduct quarterly reserve reviews, rate indications, and profitability studies.
• Partner with Product, Underwriting, Claims, Finance and stakeholders to inform decisions.
• Research market trends and competitive developments in commercial insurance.
• Communicate actuarial rationale and tradeoffs to leadership.
• Collaborate with Product, IT, and implementation teams to translate pricing changes into systems and processes.
• Assist external consultants with pricing reviews as needed.
• Evaluate processes and recommend efficiency improvements.
• Design and execute actuarial analyses with limited supervision.

Skills

Mathematical skills

Statistical skills

Data analysis

Communication skills

Project management

Decision-making

Collaboration

Pricing/reserving knowledge

Multivariate modeling

Large data sets experience

Education

Bachelor's degree in Actuarial Science/Math/Stats

ACAS designation

Job description

Responsibilities

• Help shape the profitability and growth of Hastings Insurance's Commercial Lines portfolio
• Lead actuarial projects supporting commercial lines pricing, profitability analysis, loss reserving, and strategic business initiatives
• Design and manage actuarial analyses utilizing 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 assigned 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
• Assist external actuarial consultants with 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

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field, or an equivalent combination of education and experience
• Minimum of five years of actuarial experience
• Associate of the Casualty Actuarial Society (ACAS) designation required
• 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 evaluating 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 data sources, research methodologies, and analytical tools
• Excellent verbal and written communication skills, including the ability to present technical concepts to business audiences
• Strong organizational, project management, and decision‑making skills
• Experience working 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