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Actuarial Associate - Large Commercial - National & Captives

AT The Hartford
The Hartford

Actuarial Associate - Large Commercial - National & Captives

Hartford, CT

AD & Actuarial Associate - AS07AE

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

Overview of the Position

This position in Large Commercial (e.g. National and Captives) partners with The Hartford's Middle & Large Commercial (MLC) teams in providing actuarial guidance and support for large account pricing. This position has opportunity to price both guaranteed cost and loss sensitive business across multiple lines of business while utilizing core and advanced actuarial techniques (including excess predictive modeling).

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Please note, candidates pursuing exams as well as those not pursuing exams will be considered for this role. This role can be part of our large Actuarial Student Program for an individual meeting requirements for entry into the program.

Location
This role can have a Hybrid or Remote work arrangement. Candidates who live near one of our office locations will have the expectation of working in an office 3 days a week (Tuesday through Thursday). Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise.

Responsibilities

The candidate is expected to be a critical business partner and involved in a broad array of areas both actuarial and non-actuarial in nature. Examples of areas of responsibility include:

  • Lead development, enhancement and maintenance of actuarial pricing tools used by the Underwriting, Product and Sales teams. This includes (but is not limited to) loss development, trend, ILF and credibility refreshes for the respective lines of business.
  • Support data efforts and modeling for loss sensitivities predictive modeling
  • Support actuarial analysis for the Operating Plan and Loss Ratio Planning processes
  • Build analytics that proactively identify business issues and perform analyses that address these issues. Communicate results in a manner that is understandable and most importantly, allows management to make operational changes where necessary.
  • Partner with Product/Underwriting leadership to deliver training on the pricing tools.
  • Perform insightful account-specific analyses that enable the business to price new and renewal policies. This will require the actuary to challenge the status quo and think creatively as well as to communicate complex concepts to business partners.
  • May be given the opportunity to support the build of benchmark models that span lines of business and business units.

Experience & Skills

  • 3+ years of actuarial experience with a proven record of success closely aligned with supporting a business.
  • ACAS/ASA preferred, but related experience considered in lieu of actuarial credentials.
  • Experience in pricing P&C commercial lines (loss sensitive pricing experience a plus).
  • Innovative and collaborative problem solver with experience working independently in a dynamic and matrixed environment.
  • Ability to develop effective business partnerships with leadership in both Home Office and in the field.
  • Knowledge of statistical modeling techniques; strong Excel skills required and knowledge of predictive modeling tools and methods a plus.
  • Strong project management skills.
  • Excellent communication skills - both oral and written, formal and informal; effective at communicating actuarial issues to non-actuarial partners.
  • Proactive individual, who challenges existing processes, can influence others and drive a process to a conclusion while meeting critical deadlines.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$101,680 - $152,520

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us | Culture & Employee Insights | Diversity, Equity and Inclusion | Benefits

Client-provided location(s): Hartford, CT, USA
Job ID: hartford-R2417574
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • On-Site Gym
    • Mental Health Benefits
    • Virtual Fitness Classes
    • Fitness Subsidies
    • FSA
    • HSA
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
    • Remote Work Opportunities
    • Flexible Work Hours
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • On-Site Cafeteria
    • Company Outings
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Volunteer Time Off
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Internship Program
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns
    • Learning and Development Stipend
  • Diversity and Inclusion

    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program