Associate Actuary at Hastings Insurance Company in Hastings, MI

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.

Responsibilities

• 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.

Requirements

• 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.

Skills

Required

• Experience analyzing large data sets