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Director & Actuary, Global Reinsurance
- The Hartford (Chicago, IL)
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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.
Navigators Re (“NavRe”) is a global, underwriting-driven, specialist reinsurer. Since its start in 2010, NavRe has achieved steady growth, profitability and product diversification. We write assumed treaty reinsurance for Property, Casualty, Professional Liability, Group Life and Benefits (focused in Latin America), Agriculture, Surety, Political Risk and Trade Credit from locations worldwide.
NavRe is a brand of The Hartford (NYSE: HIG), a recognized leader in property and casualty insurance
for Commercial Lines, Personal Lines, Group Benefits and Mutual Funds.
Responsibilities:
This role will provide actuarial support for our US/International Property and US Casualty Reinsurance segments. In this position, the individual will collaborate with underwriting, reserving, and claims counterparts to project expected profitability, evaluate returns for individual accounts, and spearhead improvements to non-cat pricing methods and parameters. This position reports directly to the Lead Actuary for NavRe.
Key responsibilities include:
+ Serve as the lead pricing actuary supporting US & International Property products.
+ Develop and maintain best-in-class non-cat pricing and modeling tools for the business.
+ Implement pricing model parameter updates, considering segment specific parameters where applicable.
+ Identify areas for model enhancement and consolidation.
+ Support pricing for new and renewal treaties across both Property and US Casualty including:
+ Lead and peer review treaty pricing where significant non-cat exposure exists.
+ Work with underwriters to develop timely and accurate pricing recommendations.
+ Properly document pricing decisions, including the evaluation of risk transfer.
+ Regularly evaluate regional/product profitability, identifying over or under performing segments.
+ Conduct pricing audits to assess model usage and recommend solutions to ensure pricing accuracy.
+ Provide guidance and input into the quarterly reserve and annual planning cycles.
Qualifications:
+ 10+ years of Commercial/Reinsurance pricing experience.
+ Reinsurance experience strongly preferred.
+ ACAS/FCAS designation.
+ Strong technical, analytical and data skills.
+ Excellent written and verbal communication skills, with the ability to convey technical concepts to audiences of various levels and diverse technical backgrounds.
+ Self-motivation, creativity, & project/customer management skills.
+ Flexibility and willingness to adapt to changing priorities.
+ BA or BS degree, preferably in mathematics, actuarial science, statistics or related field of study.
Location:
+ This role is eligible for a Hybrid or Remote work arrangement. Candidates who live near our office locations in Hartford, Stamford, New York City, Morristown, Miami or Chicago will have the expectation of working in an office three 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.
+ Some travel is required.
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:
$147,440 - $221,160
Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
About Us (https://www.thehartford.com/about-us) | Our Culture (https://www.thehartford.com/about-us/corporate-culture) | What It’s Like to Work Here (https://www.thehartford.com/careers/our-employees) | Perks & Benefits (https://www.thehartford.com/careers/benefits)
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.
Is our policy language as simple and inclusive as it can be? Can we better help businesses navigate our ever-changing world? What else can we do to destigmatize mental health in the workplace? Can we make our communities more equitable?
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)
Perks & Benefits
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