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.
** Please note, candidates pursuing exams as well as those not pursuing exams will be considered for this role. This role can be part of our Actuarial Student Program for an individual meeting requirements for entry into the program. **
Across the entire insurance industry, Commercial Auto is currently one of the most profit-challenged lines. The Hartford is determined to beat the competition and we’re improving our profitability using continuous innovation and a deep understanding of the business.
Initially, this position will be a key member of a highly visible actuarial working group focused on building and implementing new medium/large account pricing models for Auto, WC, and GL. Longer term, the position will be part of a team responsible for understanding the performance of the Commercial Auto class plans and using this information to inform future decisions on the line.
Responsibilities
As a key member of the working group tasked with building and implementing new medium/large account pricing models, your responsibilities will include:
- Providing recommendations on key methodology decisions for pricing models.
- Collaborating with other business units to develop model factors.
- Build methodology recommendations into pricing calculators.
- Analyze and communicate dislocation to leadership.
- Work closely with product and underwriting to implement calculators into production.
Longer term, as a member of the Commercial Auto Pricing team you will have the opportunity to be involved in a variety of work efforts including:
- Have ownership over the medium/large account auto pricing model and its evolution.
- Support incorporation of predictive modeling throughout actuarial life cycle in use cases including rate indications, loss ratio projection, and monthly monitoring.
- Leverage advanced actuarial techniques to continue enhancing analyses as well as gaining a deeper understanding of the auto line of business.
Experience & Skills
- Minimum 3-5+ years’ experience in insurance or related industry.
- Progress towards ACAS/FCAS preferred but not required. We will consider filling this role as part of our actuarial student program for a qualified candidate meeting requirements for entry into the program.
- Demonstrated technical, analytical and data skills; Excel required and experience with SQL a plus. Opportunities to attend R coding training and utilize R coding on Commercial Auto team.
- Thought leader. Seeks new ways to approach analysis and projects and solve business problems.
- Note this can be a full time, remote work opportunity
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:
$96,240 - $144,360
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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AD & Actuarial Associate - AS07AE
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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.