AD & Actuarial Associate - Global Specialty Financial Lines

The Hartford•Hartford, CT

14d•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. Overview of the Position The position is part of the Global Specialty US Actuarial pricing team supporting the Financial Lines book of business. This role supports this segment’s success as the Assistant Director & Actuarial Associate for Private Company Management Liability business. The position will work in close partnership with our Underwriting Divisions as well as Finance, Claims, and IT departments. 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. This person will also assist with semi-annual reserve studies. We seek a candidate with strong statistical, analytical and communication skills, who is eager to challenge and continuously improve established processes and creatively solve new problems. Please note: This position can be part of our Actuarial Student Program for individuals meeting the entry requirements.

Requirements

ACAS or near-ACAS preferred. Candidates with actuarial experience not pursuing exams will also be considered.
Minimum of 3+ years of Property and Casualty Insurance Actuarial experience.
Knowledge of Actuarial Pricing and reserving techniques.
Strong technical/analytical skills; proficiency in Excel required and experience with R/SQL preferred.
General knowledge of Property and Casualty insurance operations.
Effective oral and written communications skills.
Independently motivated; constantly looking for areas to add value.
Teamwork skills include the ability to effectively collaborate and work with individuals across various teams.

Responsibilities

Assist in the development, enhancement and maintenance of actuarial pricing methodologies and tools used by the Underwriting and Product teams. This includes tools focusing on risk segmentation as well as the development of account-specific indicated premium.
Identify and analyze critical pricing and profitability benchmarks.
Analyze internal pricing results and competitor information when available.
Assist in developing and maintaining 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.
Foster strong connections between teammates and key business partners.
Support financial planning and budgeting, including frequency and severity trend analyses.
Collaborate with Underwriting to help develop, 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.