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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.

Actuarial Associate

Global Specialty

Position Description

Overview of the Position

This dynamic position is part of the Global Specialty US Actuarial team supporting the Financial Lines book of business. This position will work in close partnership with our Underwriting Divisions as well as Finance, Claims, and IT departments.

Responsibilities

As a key member of the Global Specialty Actuarial team, this individual will perform a variety of Actuarial projects across reserving and pricing.

Reserving

+ Complete semi-annual reserve studies and advise management on reserve decisions.

+ Develop and maintain monitoring tools such as actual loss vs expectation.

+ Partner with the Claims Department to understand claim activity and trends, and inform reserve review decisions.

Pricing

+ Refine, enhance, and/or create rating and pricing tools.

+ Identify and analyze critical pricing and profitability benchmarks.

+ Analyze internal pricing results and competitor information to help inform Underwriting and Product teams.

+ Develop and maintain price monitoring systems and tools to support portfolio health.

General

+ Support the financial planning and budgeting process

+ Collaborate with Underwriting to help guide and monitor strategy. Strategies vary across lines of business and distribution channels.

+ Initiate and participate in the development of procedures to improve data quality.

+ Seek out innovative approaches and apply R/SQL/Python skills to enhance existing processes.

+ Present analyses and recommendations to teammates and business partners to guide future decisions.

+ Partner with Actuarial and other colleagues within The Hartford who support similar lines of business.

Qualifications & Skills

+ Undergraduate degree with a major in Mathematics, Actuarial Science or related field of study.

+ Minimum 5+ exams and pursuing toward Associate/Fellowship designation.

+ Minimum 3+ years of Property and Casualty Insurance Actuarial experience.

+ Knowledge of Actuarial pricing and reserving techniques.

+ Strong technical/analytical skills; High proficiency in Excel required and experience with R/SQL/Python 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 and work with individuals across various teams

This role will have a Hybrid work schedule, with the expectation of working in an office 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:

$108,800 - $163,200

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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Every day, a day to do right.

Showing up for people isn’t just what we do. It’s who we are – and have been for more than 200 years. We’re devoted to finding innovative ways to serve our customers, communities and employees—continually asking ourselves what more we can do.

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That we can rise to the challenge of these questions is due in no small part to our company values that our employees have shaped and defined.

And while how we contribute looks different for each of us, it’s these values that drive all of us to do more and to do better every day.

About Us (https://www.thehartford.com/about-us)

Our Culture

What It’s Like to Work Here (https://www.thehartford.com/careers/our-employees)

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