Assistant Director & Actuarial Associate - Workers Compensation Pricing

AD & Actuarial Associate - AS07AE

Actuarial Assistant - AS08AE

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

Join our Workers' Compensation line of business pricing actuarial team, supporting a $3B book across both Small (SC) and Middle/Large Commercial (MLC) 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, candidates pursuing exams as well as those not pursuing exams will be considered for this role. This position can be part of our Actuarial Student Program for individuals meeting the entry requirements.

Responsibilities

As 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 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 perspectives

Qualifications:

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

$86.160 - $163,200

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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