Pricing - Actuarial Global Specialty Financial Lines

Posted 24 Days Ago
Be an Early Applicant
3 Locations
In-Office or Remote
113K-170K Annually
Mid level
Fintech • Payments • Financial Services
The Role
Perform actuarial pricing and reserving tasks for Financial Lines, including rate development, price monitoring, loss ratio planning, profitability studies, reserve analyses, and rate filing support. Partner with Underwriting, Finance, Claims, and IT to improve pricing methodologies, build monitoring tools, analyze trends, and present recommendations to business partners.
Summary Generated by Built In
AD & 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.   

         

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.

Responsibilities:

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.

Pricing:

  • 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.

General:

  • 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.

Qualifications:

  • ACAS or near-ACAS preferred.  Candidates with actuarial experience not pursuing exams will also be considered.

  • Minimum of 4+ 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.

This role can have a Hybrid work schedule out of Hartford, Chicago, Charlotte offices. Candidates will have the expectation of working in an office 3 days a week (Tuesday through Thursday).

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:

$113,200 - $169,800

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

  • Minimum of 4+ years of Property and Casualty insurance actuarial experience
  • Knowledge of actuarial pricing and reserving techniques
  • Proficiency in Excel
  • Strong technical and analytical skills
  • Effective oral and written communication skills
  • General knowledge of Property and Casualty insurance operations
  • Experience with R and SQL
  • ACAS designation or near-ACAS status
  • Ability to work independently and collaboratively 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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