Actuarial Assistant - Global Specialty Pricing

Actuarial Assistant - AS08AEActuarial Analyst - AS08CE

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

This position is part of the Global Specialty US Actuarial team supporting the Financial Lines book of business. The candidate will work in close partnership with our Underwriting Divisions as well as Finance, Claims, and IT departments.

Actuarial students are part of a very large student leadership development program that includes structured rotations, networking, teambuilding and very supportive exam benefits and rewards throughout their path to fellowship.

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.

Responsibilities

As a key member of the Global Specialty Actuarial team, this individual will perform a variety of Actuarial projects including reserve reviews, price monitoring, pricing tools and rate filing support where applicable.

Reserving

• Complete reserve studies and advise management on reserve decisions.
• Develop and maintain monitoring tools such as actual loss vs expectation.
• Partner with the Claims Department to help inform reserve decisions.

Pricing

• Refine, enhance, and/or create rating and pricing tools. 
• Identify and analyze critical pricing and profitability benchmarks.
• Analyze internal pricing results and competitor information when available.
• Develop and maintain price monitoring systems and tools.
• 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.
• Seek out innovative approaches and apply R/SQL skills to enhance existing processes.
• Present analyses and recommendations to teammates and business partners to guide future decisions.

Qualifications & Skills

• Undergraduate degree with a major in Mathematics, Actuarial Science or related field of study.
• Pursuing toward Associate/Fellowship designation preferred.
• Minimum 2+ years of Property and Casualty Insurance Actuarial experience.
• Knowledge of Actuarial pricing and reserving techniques.
• Very strong technical/analytical skills; High 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 looks for areas to add value.
• Teamwork skills including ability to effectively collaborate and work with individuals across various teams.

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:

$80,000 - $140,000

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

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