Actuarial 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 Workers' Compensation actuarial pricing team which provides support for $3B+ of Workers' Compensation business across The Hartford's business units - both Small Business and Middle & Large Business. The Hartford is an industry leader in Workers' Compensation and this role will is integral to monitoring and partnering across teams to drive continued profitability for the Workers' Compensation line of business. The scope of this role includes support for internal indications for the line, development of capabilities and innovative use cases related to modeled indications, and supporting various actuarial studies that feed into rate indications and predictive models.
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This role reports to a Director & Actuary role and will provide actuarial support for the team's objectives. In addition - the role will work closely with the Actuarial Strategic Modeling (ASM) team on model inputs as well as review and analysis associated with WC predictive models. The role will provide support for communication of results to product, field and industry vertical stakeholders across both Small Business and Middle & Large Business.
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
- Member of an actuarial team responsible for producing internal rate indications for Workers' Compensation, including partnership with Actuarial Strategic Modeling (ASM) team to sustain and enhance underlying predictive models.
- Provide actuarial analysis for annual updates of various actuarial studies for use in indications including Loss Development, State Trends, and Excess Loss Factors.
- Assist team with communication of results and analysis to stakeholders across business units and industry verticals.
- Provide actuarial and technical support to promote adoption of innovative Workers' Compensation use cases for ASM predictive models including indication deep dive tools, improved analysis and insights of emerging trends and improved model predictions for pricing purposes.
- Gain knowledge and experience in Workers' Compensation issues and trends including knowledge of available industry data, research, and analytical tools and resources.
Experience & Skills
- Bachelor's Degree required.
- Prior actuarial experience or experience in insurance/financial services including internships preferred but not required.
- 2+ CAS exams preferred but not required.
- Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex issues.
- Strong Excel skills required. Knowledge of SQL, VBA, R, Python, SAS or similar code languages a plus.
- Strong verbal/written communication skills.
- Demonstrate analytical skills and offer creative solutions to business questions as well as capability to improve efficiency and transparency of work process.
- Attention to detail with strong time and project management skills.
This role will have a Hybrid work arrangement, with 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:
$73,840 - $110,760
Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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