Director & Actuary - AM06AE
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The position is part of the Global Specialty US Actuarial pricing team supporting the $1.6 Billion book of business that includes Wholesale (Primary and Excess Liability, Specialty Auto, Property, Inland Marine), Ocean Marine, Environmental, and Livestock. This role has broad impact on the segment's success as the lead pricing Actuary for Ocean Marine and Livestock businesses, which total over $300M of gross written premium. The position will work in close partnership with our Underwriting Divisions as well as Finance, Product, Claims, and IT departments to develop and explain strategy to senior leaders. This is a leadership position that will manage an Actuarial student.
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Responsibilities:
As a key member of the Global Specialty Actuarial team, this individual will perform a variety of Actuarial functions including rate development, price monitoring, loss ratio planning, profitability studies and rate filing support where applicable.
Pricing:
- Refine, enhance, and/or create rating and pricing models.
- Identify and analyze critical pricing and profitability benchmarks.
- Design and build sophisticated pricing strategies to profitably grow various books of business.
- Analyze internal pricing results and competitor information when available.
- Develop and maintain price monitoring systems and tools.
- Partner with Underwriting on large account pricing using experience and exposure rating techniques.
- Seek out innovative approaches and apply R/SQL skills to enhance existing processes and utilize predictive modeling.
- Partner with Actuarial and other colleagues within The Hartford who support similar lines of business.
General:
- Support financial planning and budgeting.
- Collaborate with Underwriting to help guide and monitor strategy.
- Provide data and partner with Ceded Reinsurance on annual reinsurance treaty renewals.
- Initiate and participate in the development of procedures to improve data quality.
- Present analyses and recommendations to business partners to guide future decisions.
- Lead a team with one direct report.
Qualifications:
- Career ACAS or FCAS preferred. Candidates with actuarial experience not pursuing exams will be considered.
- Minimum 5+ years of Property and Casualty Insurance Actuarial experience.
- Marine or Property experience is preferred.
- Demonstrated leadership capabilities. Direct people management experience is preferred.
- Knowledge of Actuarial pricing and reserving techniques.
- Very strong technical/analytical skills; High proficiency in Excel required and experience with R/SQL preferred.
- General knowledge of Property and Casualty insurance operations.
- Effective oral and written communications skills.
- Independently motivated; constantly looks for areas to add value.
- Teamwork skills including ability to effectively collaborate with and influence individuals at different organizational levels.
- Undergraduate degree with a major in Mathematics, Actuarial Science or related field of study.
Location:
This role will have a Hybrid work arrangement, with the expectation of working in an office (Hartford, CT; New York, NY) 3 days a week (Tuesday through Thursday).
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:
$144,880 - $217,320
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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