The Hartford Hiring for Actuary, Workers Comp Pricing at Stamford, Connecticut

The Hartford

You are a driven and motivated problem solver ready to pursue meaningful work. You strive to make an impact every day & not only at work, but in your personal life and community too. If that sounds like you, then you’ve landed in the right place.

Position Description

* Please note, candidates pursuing exams as well as those not pursuing exams will be considered for this role. This role can be part of our Actuarial Student Program for an individual meeting requirements for entry into the program. *

Overview of the Position

Worker’s Compensation is a $3B line of business across Small Commercial (SC) and Middle/Large

Commercial (MLC), and HIG is a market leader within the WC industry.

This position is a key role within the within the P&C actuarial pricing and planning team supporting Workers’ Compensation (WC). The candidate will support customers within both SC and MLC business segments and have the opportunity to partner with the Product, Segment, and Underwriting teams, Claim Analytics, and multiple groups across Actuarial. The candidate will have responsibilities and exposure on the analysis, monitoring and presentation of multiple projects including WC trend, modeled indications, loss ratio projections including COVID, account segmentation and initiatives. The individual should have strong technical and analytical skills, be able to communicate effectively across technical and non-technical audiences and be able to influence business partners.

Responsibilities

  • Monitor trend developments by performing quarterly frequency and severity analyses at a countrywide level as well as an annual review of frequency and severity trends at a state level to inform state rate indications and filings.

  • Partner with AcTech to develop, enhance, and deploy modeled indications.

  • Support the WC pricing and planning teams through loss ratio projections, general industries segment initiatives and ad-hoc requests on profitability analyses.

  • Develop new pricing tools and enhance our current analytics leveraging R or other applications.

  • Support a quarterly analysis of direct COVID loss projections in partnership with reserving team, staying on top of current results related to the pandemic, including emerging issues such as COVID variants and the potential for long-lasting impacts from the COVID disease.

  • Communicate analyses and results to business partners, Actuarial VPs and Chief Actuary.

  • Monitor external macroeconomic trends to help quantify associated impacts on insurance exposures.

Experience & Skills

  • Minimum 3-6+ years’ experience in insurance or related industry.

  • Progress towards ACAS/FCAS preferred but not required. We will consider filling this role as part of our actuarial student program for a qualified candidate meeting requirements for entry into the program.

  • Strong technical, analytical and data skills; Excel required and experience with SAS, R and/or Python preferred.

  • Experience working independently as well as part of a team.

  • Self-motivation, creativity, time-management, project-management, and customer-management skills will be beneficial in this role.

  • Excellent written and verbal communication skills with the ability to convey technical concepts to audiences of various levels and diverse technical backgrounds.

  • Flexibility and willingness to adapt to changing priorities.

  • Process improvement mindset and skilled at developing efficiencies.

  • Thought leader. Seeks new ways to approach analysis and projects and solve business problems.

    Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

AD & Actuarial Associate – AS07AE

Human achievement is at the heart of what we do.

We believe that with the right encouragement and support, people are capable of achieving amazing things.

We put our belief into action by ensuring individuals and businesses are well protected, and by going even further – making an impact in ways that go beyond an insurance policy.

Nearly 19,000 employees use their unique talents in careers that span a variety of disciplines – from developing the latest technology to creating and promoting our products to evaluating future financial risks.

We’re also committed to programs that drive education and support volunteerism, which put human beings first. We do it because it’s the right thing to do, and because when our customers, communities and employees succeed, we all do.

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