Actuarial Risk and Profitability Measurement

The Hartford•Hartford, CT

5d•Hybrid

About The Position

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. The Risk and Profitability Measurement (RPM) team supports The Hartford’s capital attribution process for all P&C lines. This position will have a holistic view of the enterprise’s P&C operations and opportunities to collaborate with business partners across the organization (e.g., Actuarial Pricing and Reserving, ERM, Treasury, and Finance). This individual contributes to RPM’s reporting function for all P&C lines and supports Return on Equity (ROE) modeling, a primary measure of risk and return at The Hartford. We are seeking a Sr Risk Analyst or AD & Associate Actuary to join our dynamic group. The ideal candidate will have strong analytical and actuarial skills, an interest in capital concepts, and the ability to effectively communicate technical ideas.

Requirements

Sr Risk Analyst Role: 5+ years of experience in the insurance industry with expertise in actuarial, financial/statistical modeling and analytics including some experience in ERM or capital modeling.
AD & Associate Actuary Role: 6-7 actuarial exams, 4+ years of experience, could be an Associate
Strong technical/analytical skills, including advanced subject matter expertise in MS Excel and empirical model building.
Effective oral and written communications skills.
Teamwork skills, including the ability to effectively collaborate with individuals across various teams.
Innovative and results-oriented mindset.
Demonstrates pace and pride of ownership of work products.

Nice To Haves

Experience with R/Python is a plus.
Familiarity with capital modeling concepts is a plus.
Working knowledge of corporate finance, financial management, and economics is a plus.

Responsibilities

Support the annual capital attribution process for all P&C lines
Update key capital parameters to accurately attribute capital across P&C lines and sublines. Partner with Business Actuaries to evaluate these parameters.
Partner with ERM on the Economic Capital model, providing them with regular parameter updates and incorporating their results into the capital attribution process.
Communicate results to Line of Business Actuaries and other stakeholders.
Contribute to RPM’s reporting function, which provides Actuarial and senior leadership with updated capital-based views of actual and expected underwriting performance
Produce quarterly and annual P&C reports on capital-based views of underwriting performance, such as sensitivity analysis for planning metrics and Booked ROE Report for the C-suite to support earnings prep
Maintain and enhance models used for capital attribution and ROE
Provide technical support to business partners using these models.
Participate in process improvement and automation initiatives.
Collaborate on RPM’s innovation efforts, including streamlining processes and enhancing capabilities
Support team efforts to leverage our recently modernized suite of models.
Improve our reporting framework, including automating processes and adding new capabilities.
Provide analytical support and respond to ad hoc requests
Develop deep understanding of capital concepts and apply them to business needs.