Actuary, Personal Lines Homeowners Pricing

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.

** 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. **

This individual will be part of a team responsible for understanding and analyzing the performance of the Personal Lines Homeowners class plans, using this information to price and plan for the future, and advancing monitoring to stay on top of leading indicators that may impact pricing and reserving work. The future of rate indications relies on advanced modeling techniques providing opportunity to work with modeled indications and ensure adoption of new tools. This role will provide strong partnership opportunities within the Pricing & Reserving functions as well as with Product, State Pricing, Data Science and our Claims partners.

Major responsibilities include:

• Pricing support for PL Home rate indications that project rate needed to achieve a 15% return on equity. Underlying analyses leverage internal and external data sources and include loss development factors, loss and premium trend projections, understanding current and future expense ratios, etc.
• Additional support for Trend analysis to inform business decisions across multiple teams within Personal Lines.
• Understanding of modeling done by ERM for CATs and Risk and Profitability for BMP to use results in indications work noted above.
• Participate in the Loss Ratio Projection analysis projecting future loss ratios and highlighting risks and future profit opportunities.
• Develop and analyze internal and external monitoring reports serving as leading indicators to possible changes in rate indications and loss ratio projections.
• For the above work, present findings and recommendations to teammates and business partners to guide future decisions.
• Support the Auto team on an add needed basis to broaden knowledge across multiple lines of business

Experience & Skills

• Near or recent ACAS to near or recent FCAS. Will consider this role as part of our actuarial student program for a qualified candidate meeting requirements for entry into the program.
• Minimum 3 - 5+ years' experience in insurance or related industry.
• Pricing and or ratemaking experience preferred.
• High proficiency in Microsoft Excel. Experience with SQL, SAS and Visual Basic desired and experience with R and/or Python a plus.
• Proven technical, analytical and interpersonal skills, including written verbal skills. Database / Programming skills highly desirable.
• Ability to take the initiative and solve problems creatively.
• Teamwork skills including ability to effectively collaborate with and influence individuals at different organizational levels.

Note this can be a full time work from home opportunity.

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:

$96,240 - $144,360

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

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AD & Actuarial Associate - AS07AE

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