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The Hartford

The Hartford

Actuarial Assistant - Large Commercial / Captives

Actuarial Assistant - Large Commercial / Captives

Job Details
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Uploaded On
September 27, 2023
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Location
Hartford, CT
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Remote?
No
Company Overview
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Headquarters
Hartford, CT
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Number of Employees
19500
Estimated Number of Actuaries
307
Salary
$
70
k-$
130
k
Glassdoor Ratings
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Recommend to a Friend
79%
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Overall Score
4.0 / 5

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You are a driven and motivated problem solver ready to pursue meaningful work. You strive to make an impact every day & not only at work, but in your personal life and community too. If that sounds like you, then you've landed in the right place.

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.

**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

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

Actuarial Assistant - AS08AE
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Working at 

The Hartford

The Hartford is a leading insurance company that has been serving customers for over 200 years. The company offers a range of insurance products, including home, auto, and business insurance, to protect individuals and organizations from financial loss. The Hartford is known for its commitment to providing high-quality coverage and excellent customer service, and has a strong reputation in the industry. In addition to traditional insurance products, The Hartford also offers a range of specialty coverage options and innovative risk management solutions to meet the diverse needs of its customers. The company has a national presence in the United States and serves customers around the world.

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