Associate Actuary — Commercial Lines Pricing & Reserving

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

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.