Actuarial Small Business Workers Comp LRP & Trend

Reposted 15 Hours Ago
Be an Early Applicant
Hartford, CT, USA
In-Office
92K-137K Annually
Senior level
Fintech • Payments • Financial Services
The Role
Support Workers' Compensation pricing and loss ratio planning for small and middle/large business segments. Own LRP components, monitor loss trends and performance, produce ad-hoc analyses, support leadership reviews, and improve actuarial tools and processes while partnering across actuarial, reserving, product, data science, and IT teams.
Summary Generated by Built In
Sr. Actuarial Analyst - AS08AEAD & Associate Actuary - AS07AE

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.          

Join our Workers’ Compensation line of business pricing actuarial team, supporting a $3.5B book across both Small (SB) and Middle & Large (M&L) Business segments.  As a market leader within the WC industry there is significant visibility from leadership.

This Sr Actuarial Analyst position plays a key role for the WC LOB Actuarial team, supporting the team’s planning responsibilities.  The candidate will gain deep exposure into Loss Ratio Planning (LRP), monitoring of underlying loss cost trends, as well as supporting our leadership communications (MOM/MBR and quarterly HOTL).  The position will work in close partnership with a variety of business partners including SB & M&L segment actuarial, reserving, performance analytics, product, data science, IT, and others.

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.

Responsibilities

As a key member of the WC LOB Actuarial team, this role will support a broad set of core actuarial activities, including:

  • Own key components of the annual Loss Ratio Planning processes, including analyses of historical and prospective loss trends, large losses, ALAE, and related topics.

  • Monitor loss and business performance relative to planned expectations, with responsibility for supporting monthly and quarterly Health of the Line leadership reviews.

  • Perform ad-hoc, in-depth analyses to diagnose key drivers of performance vs plan.

  • Partner with the team to continuously improve the group’s analytical tools, processes, and capabilities

  • Stay current on industry trends and external perspectives to help inform internal analyses.

Qualifications:

  • Bachelor’s Degree required.

  • Actuarial exam path to become a credentialed actuary with at least 2 passed exams required.

  • Minimum of 2+ 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/Python 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

Work Arrangement:

This role will be hybrid in our Hartford CT location.

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:

$91,600 - $137,400

The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us | Our Culture | What It’s Like to Work Here | Perks & Benefits

Skills Required

  • Bachelor's degree
  • Actuarial exam path with at least 2 passed exams
  • Minimum of 2+ years Property and Casualty actuarial experience
  • Knowledge of actuarial pricing and reserving techniques
  • Proficiency in Excel
  • Experience with R or Python
  • General knowledge of Property and Casualty insurance operations
  • Effective oral and written communication skills
  • Self-motivated with ability to add value and improve processes
  • Teamwork and ability to collaborate across teams

The Hartford Financial Services Group, Inc. Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about The Hartford Financial Services Group, Inc. and has not been reviewed or approved by The Hartford Financial Services Group, Inc..

  • Retirement Support A 401(k) with matching plus an additional company contribution, alongside an employee stock purchase plan and no‑cost financial planning, signals robust long‑term savings support. HSAs/FSAs and related financial tools further strengthen overall financial well‑being.
  • Leave & Time Off Breadth At least 25 days of PTO to start, options to buy or roll over time, and paid parental leave indicate broad time‑off support. Paid leave for organ and bone marrow donation and generous disability coverage extend protection for significant life events.
  • Healthcare Strength Multiple medical, dental, and vision options with the company covering most medical and dental premiums reflect strong core health coverage. Wellness programs, fitness reimbursements, well‑being credits, and accessible behavioral health services expand depth and accessibility.

The Hartford Financial Services Group, Inc. Insights

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The Company
HQ: Hartford, Connecticut
20,002 Employees
Year Founded: 1810

What We Do

Human achievement is at the heart of what we do. We put our belief into action by not only ensuring individuals and businesses are well protected, but by going even further – making an impact in ways that go beyond an insurance policy

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