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Form of workActuarial Assistant - AS08AE
AD & Actuarial Associate - AS07AE
Actuarial Analyst - AS08CE
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.
Description:
This position supports The Hartford's Captives and National Account teams by providing actuarial guidance and developing, enhancing and maintaining various pricing models. Although this is a pricing focused role, it also includes the support of semiannual reserve studies and annual loss ratio planning. 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. The National Accounts segment writes loss sensitive Large Commercial accounts that are individually priced, often with tailored policy coverages. Pricing both types of risks require the use of complex WC, GL, and Auto rating tools. The role will focus primarily on Captives and act as support for National Accounts.
*This position can be performed in either a hybrid or remote work arrangement depending on the experience level of the candidate.*
**Candidates pursuing exams as well as those not pursuing exams will be considered for this role. The role can be part of our large Actuarial Student Program where students enjoy very supportive benefits and rewards on their path to fellowship.**
Responsibilities:
- Perform insightful account-specific analyses that enable the business to price new and renewal policies and to set collateral levels.
- Maintain and enhance existing pricing and segmentation models & support the development / testing of new models.
- Perform regular reviews of pricing parameters and trend study, while implementing efficiencies wherever possible.
- Communicate the impact of model updates to leadership and underwriters.
- Monitor monthly AvE and assist with semiannual Captives reserve studies.
- Partner with Data Science on new capabilities to support the business.
- Stay apprised of broader industry trends and perspectives
- Respond to ad-hoc requests from underwriting and management as needed.
Experience & Skills
- 2+ years of actuarial experience in P&C insurance pricing or reserving.
- 3 or more actuarial exams passed.
- Strong knowledge and experience with R and SQL
- Strong analytical and critical thinking skills, with thorough attention to detail. Ability to own projects and anticipate obstacles and customer needs.
- Proactive individual, who challenges existing processes, can influence others and can drive a process to a conclusion while meeting critical deadlines.
- Flexibility and willingness to adapt to changing priorities.
- Strong written and verbal communication skills to convey technical results to the business and influence decisions.
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:
$70,000 - $130,000
The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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