Assistant Director & Actuarial Associate

AD & Actuarial Associate - AS07AE

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Assistant Director & Actuarial Associate - Global Specialty Property & Inland Marine

The position is part of the Global Specialty US Actuarial pricing team supporting the $1.6 Billion book of business that includes Wholesale (Primary and Excess Liability, Specialty Auto, Property, Inland Marine), Ocean Marine, Environmental, and Livestock. This role will primarily support the Wholesale Property and Inland Marine lines of business. The position will work in close partnership with our Underwriting Divisions as well as Finance, Product, Claims, and IT departments.

** 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. **

Responsibilities

As a key member of the Global Specialty Actuarial team, this individual will perform a variety of Actuarial functions including rate development, price monitoring, loss ratio planning, profitability studies and rate filing support where applicable.

Pricing

• Refine, enhance, and/or create rating and pricing models. 
• Identify and analyze critical pricing and profitability benchmarks.
• Design and build sophisticated pricing strategies to profitably grow various books of business.
• Analyze internal pricing results and competitor information when available.
• Develop and maintain price monitoring systems and tools.

General

• Support financial planning and budgeting.
• Collaborate with Underwriting to help guide and monitor strategy.
• Participate in the development of procedures to improve data quality.
• Seek out innovative approaches and apply R/SQL skills to enhance existing processes.
• Present analyses and recommendations to teammates and business partners to guide future decisions.

Qualifications

• Near to recent ACAS or FCAS preferred. Candidates with actuarial experience not pursuing exams will be considered.
• Minimum 3+ years of Property and Casualty Insurance Actuarial experience.
• Property experience is preferred.
• Knowledge of Actuarial pricing and reserving techniques.
• Very strong technical/analytical skills; High 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 with and influence individuals at different organizational levels.
• Undergraduate degree with a major in Mathematics, Actuarial Science or related field of study.

Location:

This role can have a Hybrid or Remote work arrangement. Candidates who live near one of our office locations (Hartford, CT; Chicago, IL; or Charlotte, NC) will have the expectation of working in an office 3 days a week (Tuesday through Thursday). Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise.

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:

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