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Director & Actuary Ocean Marine & Livestock, Global Specialty

AT The Hartford
The Hartford

Director & Actuary Ocean Marine & Livestock, Global Specialty

New York, NY

Director & Actuary - AM06AE

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.

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

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

Client-provided location(s): New York, NY, USA; Hartford, CT, USA
Job ID: hartford-R2419106
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