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Experienced Actuarial Student - Global Specialty Pricing and Reserving (Remote Option)

at The Hartford in Chicago, Illinois, United States

Job Description

AD & Actuarial Associate – AS07AEActuarial Assistant – AS08AE

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

The position is part of the Global Specialty US Actuarial pricing team supporting the Bond, Credit Risk, and Political Risk books of business. This position will work in close partnership with our Underwriting Divisions as well as Finance, 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. **
Location: This role can have a Hybrid or Remote work arrangement.? Candidates who live near one of our office locations 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.

Responsibilities

As a key member of the Global Specialty Actuarial team, this individual will perform a variety of Actuarial projects including reserve reviews, price monitoring, pricing tools, and rate filing support where applicable.

Reserving

- Conduct semi-annual reserve reviews.

- Partner with International Actuarial team.

Pricing

- Refine, enhance, and/or create rating and pricing tools.

- Identify and analyze critical pricing and profitability benchmarks.

- Analyze internal pricing results and competitor information when available.

- Develop and maintain price monitoring systems and tools.

- Seek out innovative approaches and apply R/SQL skills to enhance existing processes.

- Partner with Actuarial and other colleagues within The Hartford who support similar lines of business.

General

- Support financial planning and budgeting.

- Collaborate with Underwriting to help guide and monitor strategy.

- Initiate and participate in the development of procedures to improve data quality.

- Present analyses and recommendations to teammates and business partners to guide future decisions.

Qualifications & Skills

- Undergraduate degree with a major in Mathematics, Actuarial Science or related field of study.

- Pursuing toward Associate/Fellowship designation preferred. Candidates with Actuarial experience not pursuing exams will be considered for this opportunity.

- Minimum 2+ years of Property and Casualty Insurance Actuarial experience.

- 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.

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:

$80,000- $150,000

The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience. Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age About Us (https://www.thehartford.com/about-us) | Culture & Employee Insights (https://www.thehartford.com/careers/employee-stories) | Diversity, Equity and Inclusion (https://www.thehartford.com/about-us/corporate-diversity) | Benefits (https://www.thehartford.com/careers/benefits)

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.

About Us (https://www.thehartford.com/about-us) Culture & Employee Insights Diversity, Equity and Inclusion (https://www.thehartford.com/about-us/corporate-diversity) Benefits

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Job Posting: JC258568588

Posted On: Apr 19, 2024

Updated On: May 20, 2024

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