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 position is responsible for maintaining, enhancing and advancing the Accident Year (AY) Return on Equity (ROE) model.  The model is used for all Property and Casualty lines.  Another key responsibility is to support the capital attribution process for P&C.  This position will coordinate with the Planning areas to ensure proper integration with The Hartford’s financial system to support budgeting. This position will also provide consultative and ad hoc assistance to the Actuarial community and business segments regarding ROE performance and analytics.  They also may be involved with understanding the Economic Capital (EC) model to ensure the proper information is utilized for use in capital attribution.

This position is responsible for maintaining and enhancing The Hartford's analytical capabilities in the field of risk adjusted return analysis.  Our models and methodologies are used for all P&C lines for pricing, planning, and performance analysis.  This position will also have the opportunity to work with ERM to continue the advancement of our capital attribution process. 

Responsibilities:

• Provide expert consultation on the results from our models for planning and tracking, identifying the key drivers of results and deviations from expectations.  Publish quarterly/annual P&C reports which are used by Actuarial and senior leadership.  Provide sensitivity analysis for key metrics during the planning process, as well as ad hoc analysis requested by management.

• Support the pricing actuaries during the capital attribution process.  Provide leadership to ensure a solid understanding of the concepts involved in AY ROE and leverage.

• Be the lead technical role in enhancing the models and methodologies developed by The Hartford in risk-adjusted benchmark return analysis.  This includes the Excel models used for planning, tracking and pricing, and the integration of these metrics into the HOOPS (The Hartford’s financial planning) system and other systems.

• Support the Pricing areas on filings using our AY ROE model at both time of filing (for complex filings) and in follow-up questions.  Work to develop a better understanding and acceptance of our approach by insurance regulators.

• Support the understanding of CY ROE metrics and drivers and reconciliation to the AY ROE.

• Understand and partner with ERM in the completion of the annual capital attribution process, enhancing the current processes and methodologies as appropriate.

• Opportunity to communicate results to the C-suite

Experience & Skills:

• 5-7+ years of experience in the P&C insurance industry with strong expertise in actuarial, financial/statistical modeling and analytics.  Capital modeling experience strongly preferred.

• Career Associates or Fellows in the CAS, SOA or equivalent experience. 

• B.A. or B.S. in finance, statistics, applied mathematics, economics, actuarial science or related field required.

• Advanced subject matter expertise in MS Excel, statistics, and empirical model building.

• Knowledge of actuarial pricing concepts and practices.  Working knowledge of corporate finance, financial management and economics, and statistics theory and applications

• Strong knowledge of actuarial, mathematical, and/or statistical methods and theories

• Strong verbal/written communication skills; must be able to effectively communicate with managers across the organization.

• Strong analytical capability

• Innovative. Seeks new and creative ways to approach analytical exercises and development projects.

• Demonstrated ability to work independently.

• Results-oriented. Demonstrates a sense of urgency and pride of ownership of work products.

• Ability to build effective relationships internally and externally.

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:

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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