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.
This position supports The Hartford's National Accounts, Captives and Energy teams by providing actuarial guidance and developing, enhancing and maintaining various pricing models. The National Accounts segment writes loss sensitive large commercial accounts that are individually priced, often with tailored policy coverages. The Captives segment offers unique insurance arrangements where Captive members share and pool insurance risk on the primary layer, while The Hartford retains excess layer risk. Pricing both types of risks requires the use of complex WC, GL, and Auto rating tools. In addition, this position may provide support for the Energy segment across all lines of business.
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Responsibilities
Responsibilities include:
- Perform insightful account-specific analyses that enable the business to price new and renewal policies and to set collateral levels. This will require the actuary to challenge the status quo and think creatively as well as to communicate complex concepts to business partners.
- Update Pricing Model parameters on a regular basis while adding enhancements for improved accuracy and process efficiency wherever possible
- Stay apprised of broader industry trends and perspectives
- Enhance actuarial support to Segment Business Leaders, by providing timely and accurate views of profitability and performing analytics that proactively identify and address business issues
- Proactively communicate findings and recommendations to business partners in a manner that is understandable and actionable
- Partner with Underwriting to deliver training on various tools.
Experience & Skills
- 3-5+ years of actuarial experience with demonstrated analytic skills and a proven record of success closely aligned with supporting a business.
- Near/recent ACAS with progress towards FCAS, but related experience considered in lieu of actuarial credentials. We will consider filling this role as part of our actuarial student program for a qualified candidate meeting requirements for entry into the program.
- Experience in pricing P&C commercial lines.
- Must be proficient in Excel; knowledge of statistical modeling techniques and R a plus.
- Collaborative problem solver with experience working independently in a dynamic and matrixed environment.
- Demonstrated communication skills - both oral and written; effective at communicating actuarial issues and results to non-actuarial personnel
- Proactive individual, with demonstrated creativity and innovation, who can drive a process to a conclusion while meeting critical deadlines
- Customer relationship and influencing skills
- Note this can be a full time, remote work opportunity
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:
$108,800 - $163,200
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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