Assistant Director & Actuarial Associate - Workers Compensation Pricing

The Hartford

  • Hartford, CT
  • $108,800-163,200 per year
  • Permanent
  • Full-time
  • 23 days ago
AD & Actuarial Associate - AS07AEWe’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.Assistant Director & Actuarial AssociateWorkers Compensation Line of Business PricingOverview of the PositionJoin our Workers’ Compensation line of business pricing actuarial team, supporting a $3B book across both Small Business (SB) and Middle & Large (M&L) segments. As a market leader within the WC industry, there is significant visibility from leadership.This role offers broad exposure to the WC Actuarial team, contributing to both planning and price modeling responsibilities. The position will work in close partnership with a variety of business partners including product, underwriting, data science, IT, and multiple actuarial teams.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.ResponsibilitiesAs a key member of the WC LOB Actuarial team, this individual will perform a variety of actuarial functions including:Support actuarial analyses for the Operating Plan and Loss Ratio Planning processes, including frequency and severity trend analyses.Assist in the development, enhancement and maintenance of actuarial pricing methodologies and tools used by the Underwriting, Product and Sales teams. This includes tools focusing on risk segmentation as well as the development of account-specific indicated premium picks.Update pricing model parameters while adding enhancements for improved accuracy and process efficiency. This includes items such as loss development, trend, excess loss factors, and credibility refreshes.Foster strong connections between teammates and key business partners. Collaborate with our product business partners to provide accurate views of profitability and perform analyses that identify and address business issues.Stay apprised of broader industry trends and perspectivesQualifications: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 teamsThis role can have a Hybrid or Remote work schedule. 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 schedule, with the expectation of coming into an office as business needs arise.CompensationThe 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:$108,800 - $163,200Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age| | |

The Hartford