Actuarial Small Business Spectrum

The Hartford; Chicago (IL); Hybrid; USD 113,000 - 170,000; Full time

Job summary

The Hartford in Chicago is seeking an AD & Associate Actuary (AS07AE) to develop internal modeled rate level indications and support pricing strategies across Spectrum and E&S products. You will use SQL, Python, and other tools to enhance analytics and mentor junior team members.

This role offers a hybrid schedule with office work three days per week (Tue-Thu) at Hartford, Chicago, or Charlotte offices, with opportunities for professional development and cross-state collaboration in pricing and

Qualifications

• Bachelor’s degree required.
• 4+ years of actuarial experience.
• 6-7 actuarial exams completed.
• Strong analytical, critical thinking and problem-solving skills.

Responsibilities

• Develop internal modeled rate level indications to inform product rate strategy.
• Continuously evolve the Spectrum class plan through improvements to pricing segmentation via additional granularity and new variable introduction.
• Advance analytic and monitoring capabilities for the E&S product offering.
• Think creatively to enhance or automate long-standing actuarial methodology using more contemporary techniques.
• Help develop countrywide rate strategy for the various Spectrum products.
• Engage in continuous learning and professional development opportunities to stay updated with industry trends and best practices.

Skills

Strong analytical skills

Excellent communication

Attention to detail

Time & project management

Education

Bachelor’s Degree

Tools

Excel

SQL

VBA

R

Python

SAS

Job description

AD & Associate Actuary - AS07AE

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.

Opportunities

• Develop internal modeled rate level indications to inform product rate strategy.
• Continuously evolve the Spectrum class plan through improvements to pricing segmentation via additional granularity and new variable introduction.
• Advance our analytic and monitoring capabilities for the E&S product offering.
• Think creatively to enhance or automate long-standing actuarial methodology using more contemporary techniques.
• Help develop countrywide rate strategy for the various Spectrum products.
• Engage in continuous learning and professional development opportunities to stay updated with industry trends and best practices.

Responsibilities

• Support the update of Spectrum and E&S Loss Development Factors, Trend Selections, and Pricing Assumptions to feed into modeled indications.
• Support the rollout of the latest Spectrum class plan to all states and create updated analysis for pricing factors such as deductibles & ILF’s.
• Update slides for monthly presentations to leadership around New Business results & profitability.
• Partner with the Small Business Territory Actuarial Team to support ad hoc requests from business partners in Underwriting & Product and the rollout of our latest class plan.
• Utilize programming languages such as SQL, R, and Python to enhance analytical capabilities.
• Lead and mentor junior team members to foster a collaborative and innovative work environment.

Experience & Skills

• Bachelor’s Degree required.
• 6-7 actuarial exams, 4+ years of experience
• 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

This role can have a Hybrid work schedule out of Hartford, Chicago, Charlotte offices.Candidates will have the expectation of working in an office 3 days a week (Tuesday through Thursday).

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:

$113,200 - $169,800

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age