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.
The position is part of the Global Specialty US Actuarial pricing team supporting the $1 Billion book of business that includes Wholesale (Primary and Excess Liability, Specialty Auto, Property, Inland Marine), Ocean Marine, Environmental, and Livestock coverages. This role has broad impact on the segment’s success as the lead pricing Actuary for Specialty Auto and the lead on cross line projects and initiatives. The position will work in close partnership with our Underwriting Divisions as well as Finance, Claims, and IT departments. This is a leadership position that will manage one Actuarial student.
Please note, The Hartford will support this role on a full time, remote basis from anywhere in the US.
Responsibilities
As a key member of the Global Specialty Actuarial team, this individual will perform a variety of Actuarial functions including rate development, price monitoring, loss ratio planning, profitability studies and rate filing support where applicable.
Pricing
- Refine, enhance, and/or create rating and pricing models.
- Identify and analyze critical pricing and profitability benchmarks.
- Design and build sophisticated pricing strategies to profitably grow various books of business.
- Analyze internal pricing results and competitor information when available.
- Develop and maintain price monitoring systems and tools.
- Seek out innovative approaches and apply R/SQL skills to enhance existing processes and utilize predictive modeling.
- Partner with Actuarial and other colleagues within The Hartford who support similar lines of business.
General
- Support financial planning and budgeting.
- Collaborate with Underwriting to help guide and monitor strategy.
- Initiate and participate in the development of procedures to improve data quality.
- Present analyses and recommendations to business partners to guide future decisions.
- Lead a team with one direct report.
Experience & Skills
- Undergraduate degree with a major in Mathematics, Actuarial Science or related field of study.
- FCAS or career ACAS. Candidates with actuarial experience not pursuing exams will be considered.
- Minimum 5+ years of Property and Casualty Insurance Actuarial experience.
- Excess and surplus lines experience a plus. Experience in supporting lower frequency/higher severity products or other related lines. Will also be considered.
- Knowledge of Actuarial pricing and reserving techniques.
- Demonstrated technical/analytical skills including advanced Excel skills and experience with R/SQL 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 with and influence individuals at different organizational levels.
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:
140,000 - 175,000Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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Director & Actuary - AM06AEWorking 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.