• Manages projects in support of pricing utilizing accepted actuarial standards, methodologies, and knowledge gained through the pursuit of a professional designation in the Casualty Actuarial Society.
• Uses predictive modeling experience to contribute to development of accurate and effective risk assessment.
• Designs and develops moderate to highly complex actuarial analyses used in determination of the indicated rate level need for assigned lines of business.
• Works closely with the Director of Actuarial Services to develop appropriate pricing strategies to support business goals.
• Researches and determines appropriate analyses to be conducted for projects to make recommendations to achieve corporate goals.
  • Conducts or supervises these analyses.
• Conducts peer company analyses using a variety of resources and tools.
• Conducts deep data review and application of analytics for HMIC product lines identifying and recommending areas for improved profitability, growth, and retention.
• Provides intra-departmental technical support for pricing, ratemaking, and analytical tools and applications, including predictive analytics.
• Collaborates with Marketing, Underwriting, Claim, and Product to monitor market for product innovations.
• Prepares and analyzes actuarial data on a monthly and quarterly basis and communicates key observations and trends based on the analysis to the Director of Actuarial Services.
• Makes progress toward attaining a designation of Associate of the Casualty Actuarial Society (ACAS).
• Mentors one or more Actuarial Analysts, as assigned.
• Evaluates procedures and processes regularly and suggests alternatives or improvements.
• Assists external actuarial consultants with pricing reviews and other activities as needed.
• Develops expertise in the insurance business, including regulations, rating practices, and coverage issues both internally and in the marketplace.
• Actively participates in professional development, i.e. continuing education or self-improvement.
• Other duties as assigned by leadership, either verbally or in writing.

Candidate Requirements & Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or other related fields, or equivalent work experience required.
  • Advanced mathematical and statistical knowledge such as predictive analytics techniques required.
• Three years minimum of actuarial experience including the following required:
  • Experience with predictive modeling and analysis.
  • Experience using SQL and R and able to identify and resolve complex data issues.
• Pursuing Casualty Actuarial Society designation with at least 4 actuarial exams completed required.
• Prior experience in property and casualty insurance with a background in product development, pricing, or underwriting is preferred.
• Demonstrated excellent verbal and written communication ability.
• Demonstrated PC skills including proficient use of Microsoft Office products.
• Intermediate knowledge in the use of data sources and applications to conduct research.
• Fluent in analyzing data and reviewing analysis from others.
• Strong decision-making ability.

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About Hastings Mutual Insurance Company