Actuarial Middle & Large Property Pricing
Job Details
- Location:
- Hartford, CT
- Category:
- Actuarial
- Employment Type:
- Full time
- Job Ref:
- R2625788-168
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.
Middle & Large Business Actuarial has a rotational opening for an Actuarial Analyst supporting the property line of business. This is a strong individual contributor role which supports property pricing tools across M&L property segments. This role is focused on building and enhancing tools and models to allow underwriters to grow the book while maintaining strong profitability. This position will closely partner with Product, UW, ASM, ERM, and Segment Actuarial areas to enhance rating methodology and support profit and growth goals. The position will develop a deep understanding of account-level pricing mechanics and market dynamics across Property segments, building a core foundation of pricing skills.
This position is ideal for someone who is looking to gain expertise working in a line of business, has a desire to influence the business and drive new and sophisticated rate/pricing analyses and tools across the organization.
Responsibilities:
Maintain and enhance property benchmark pricing tools for Property Choice, Large Property, and Inland Marine
Perform regular assumption analyses, and suggest new approaches to better differentiate losses, expenses, reinsurance costs, and profit loads across exposures. Partner closely with ERM and ASM to incorporate modeled xCAT and CAT losses.
Enhance consistency across property lines by bringing alignment across tools. Strengthen controls, documentation, and repeatability of benchmark update processes to improve efficiency, reduce key-person risk, and support auditability over time.
Support implementation of pricing tools, including PolicyCenter PPD calculator, LP and Marine tools, and other PolicyCenter rating support as needed.
Conduct dislocation analysis for updates, prepare communication materials, and present results to Actuarial leaders, Product, UW, and Segment Actuarial teams
Experience & Skills
Bachelor’s Degree required.
Actuarial exam path to become a credentialed actuary with at least 2 passed exams 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.
Excellent written and verbal communication skills.
Attention to detail with strong time and project management skills.
Driven, intellectually curious, passionate, resourceful and creative.
Proactive individual, who challenges existing processes, can influence others and drive a process to a conclusion while meeting critical deadlines
Work Arrangement:
This role will be hybrid in our Hartford CT location.
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:
$76,800 - $115,200Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
About Us
We believe every day is a day to do right.
And that belief has guided us for over 200 years. Showing up for people isn’t just what we do, it’s who we are. We’re devoted to finding innovative ways to serve our customers, communities and employees – continually asking ourselves what more we can do.
And while how we contribute looks different for each of us, it’s these values that drive all of us to do more and to do better every day.
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