Contract Actuarial Software Developer Jobs in Illinois

About Us:

Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators.

Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Hudson Insurance Company is admitted in all U.S. jurisdictions. Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson Specialty Insurance Company and Hudson Excess Insurance Company.

Collectively known as Hudson Insurance Group, its companies are rated A (Excellent) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group, a leading worldwide underwriter of reinsurance and specialty insurance and wholly owned by Fairfax Financial Holdings Limited.

Position Description: The Actuarial Manager is a pivotal role within our organization, responsible for performing and overseeing comprehensive actuarial analyses specific to E&S personal lines umbrella insurance for the initial years with the opportunity to later move to commercial lines insurance. This position requires a seasoned actuary with a proven ability to convey complex analytical results and strategic proposals effectively to senior management. The ideal candidate will bring a combination of technical expertise, leadership abilities, and excellent communication skills to our dynamic environment and be located in the New York or Chicago Office.

Skills, Knowledge and Abilities:

• Conduct detailed actuarial analyses to assess risk and profitability for personal lines insurance products, utilizing statistical methods and mathematical modeling techniques.
• Oversee the development and implementation of pricing strategies and methodologies to ensure competitiveness and profitability within the marketplace.
• Collaborate with underwriting, finance, and operations teams to integrate actuarial insights into strategic decision-making and operational processes.
• Prepare and deliver comprehensive reports and presentations to senior management, translating complex actuarial concepts into actionable business decisions and strategies.
• Mentor and guide a team of junior actuaries and analysts, fostering professional development and cultivating an innovative and analytical mindset.
• Ensure compliance with regulatory requirements and industry standards in all actuarial practices and reporting.
• Monitor industry trends and competitor activities to provide strategic recommendations that enhance our market position.
• Contribute to the continuous improvement of actuarial processes, tools, and methodologies to increase efficiency and accuracy in analyses and reporting.

Education/Experience:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field; advanced degree is a plus.
• Minimum of 5-7 years of actuarial experience, with exposure to personal lines insurance.
• Associate or Fellow designation from a recognized property & casualty actuarial society (e.g., CAS, IFoA) is highly desirable.
• Proven expertise in actuarial modeling, risk assessment, and pricing strategies specific to personal lines insurance.
• Strong proficiency in actuarial software and statistical analysis tools, with a solid understanding of data management and programming languages.
• Exceptional analytical and problem-solving skills, with a keen attention to detail and accuracy.
• Excellent communication and presentation skills, capable of conveying actuarial concepts to non-technical audiences effectively.
• Demonstrated leadership experience, with the ability to motivate and mentor team members to achieve organizational goals.
• Strong organizational and time management skills, with the capacity to manage multiple projects and deadlines in a fast-paced environment.

In New York City, NY the pay range for this role is $150,000 - $190,000. This role may also be eligible to participate in a discretionary annual incentive program. The specific offer will depend on an applicant's skills and other factors. This range is specific to New York City, NY and may not be applicable to other locations.

We are an E-Verify employer - all hired positions require successfully passing an E-Verify Check.  

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