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The Hartford

The Hartford

AVP & Data Scientist or AVP & Actuary, P&C Actuarial

AVP & Data Scientist or AVP & Actuary, P&C Actuarial

Job Details
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Uploaded On
March 5, 2024
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Location
Hartford CT- Home Office
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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
$
176
k-$
273
k
Glassdoor Ratings
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Recommend to a Friend
79%
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Overall Score
4.0 / 5
AVP & Actuary - AM05AE

AVP Data Science - GD05AE

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.          

This role will be part of a dedicated hybrid actuarial/data science team designing and delivering powerful analytical tools utilizing statistical modeling, machine learning, and big data platforms to enhance or overhaul core actuarial processes. In this leadership role, you will collaborate with data scientists, data engineers, and actuaries including heavy interaction with and training of partner-customers in actuarial. For this role, we are seeking an actuary with data science experience or a data scientist with actuarial knowledge who can use predictive modeling and data science tools and techniques to create innovative solutions to traditional actuarial problems and processes.

The primary objective of the role is to lead all aspects of loss cost modeling (R&D, modeled indications, class plan/pricing models) for at least three Lines of Business.  These will require managing, developing, enhancing, and strategically executing on these projects.  You’ll work closely with key stakeholders and customers on deployment and adoption, so strong communication and analytical skills are a must. You’ll be empowered to think creatively and innovate in the actuarial space to advance longstanding actuarial methodologies.  Examples include developing new approaches to incorporate loss development, trend, and range-estimates in our modeled indications and other actuarial processes.

Responsibilities:

  • Use predictive modeling and data science tools and techniques to enhance and innovate traditional actuarial processes and assumptions (ratemaking; reserving; trend; loss development; ranges around our point-estimates)

  • Partner with business stakeholders to continue enhancing existing assets and processes.

  • Think creatively to develop innovative and novel solutions to actuarial processes and how we can enhance long-standing actuarial methodology using newer data science techniques.

  • This role will be a manager of manager with at least three direct reports and a team of 10-15.

  • Ability to help shape a vision of Actuarial’s future and communicate to Executive leaders the value that brings.

  • Results driven with commitment to meeting deadlines.

  • Attends to detail and manages multiple priorities in a fast-paced environment.

Qualifications:

  • 10+ years of experience in the P&C insurance industry

  • ACAS or FCAS with demonstrated technical and data science skills or

  • Master’s or Ph.D. in Statistics, Applied Mathematics, Quantitative Economics, Data Science, Computer Science, or a similar analytical field, or progress towards a relevant professional designation with actuarial experience

  • Experience using statistical models and/or machine learning approaches.

  • Prior managerial experience is required.

  • Strong oral and written communications skills with ability to report out to senior leaders.

  • Innovative and independently motivated; constantly looks for areas to add value.

  • Teamwork skills including ability to effectively collaborate with and influence individuals at different organizational levels.

Location:
This role can have a Hybrid or Remote work arrangement.  Candidates who live near one of our office locations will have the expectation of working in an office 3 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. 

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:

$176,000 - $272,760

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

About Us | Culture & Employee Insights | Diversity, Equity and Inclusion | Benefits

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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.