Actuarial Small Business Workers Comp LRP & Trend

The Hartford; Hartford (CT); Hybrid; USD 92,000 - 137,000; Full time

Job summary

The Hartford is seeking a Sr. Actuarial Analyst to join the Workers’ Compensation actuarial team in Hartford, CT, focusing on Loss Ratio Planning, loss trend analysis, and leadership communications.

You will partner with SB & M&L actuarial teams, reserving, analytics, product, data science and IT to improve processes and insights. The role offers a hybrid work arrangement in Hartford, CT, with exposure to annual planning, MOM/MBR, and quarterly HOTL reviews, and requires actuarial progression

Qualifications

• Bachelor's degree required.
• Actuarial exam path with at least 2 exams.
• 2+ years Property & Casualty actuarial experience.
• Pricing and reserving knowledge.
• Strong Excel; R/Python preferred.

Responsibilities

• Own key components of Loss Ratio Planning analyses.
• Monitor performance relative to plan and support Health of the Line reviews.
• Perform ad-hoc analyses to diagnose drivers of performance vs plan.
• Improve analytical tools, processes and capabilities.
• Stay current on industry trends to inform analyses.

Skills

Analytical skills

Communication skills

Teamwork

Motivation

Education

Bachelor's Degree

Tools

Excel

R

Python

Job description

Sr. Actuarial Analyst - AS08AE 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. Join our Workers’ Compensation line of business pricing actuarial team, supporting a $3.5B book across both Small (SB) and Middle & Large (M&L) Business segments. As a market leader within the WC industry there is significant visibility from leadership. This Sr Actuarial Analyst position plays a key role for the WC LOB Actuarial team, supporting the team’s planning responsibilities. The candidate will gain deep exposure into Loss Ratio Planning (LRP), monitoring of underlying loss cost trends, as well as supporting our leadership communications (MOM/MBR and quarterly HOTL). The position will work in close partnership with a variety of business partners including SB & M&L segment actuarial, reserving, performance analytics, product, data science, IT, and others. We seek a candidate with strong statistical, analytical and communication skills, who is eager to challenge and continuously improve established processes and creatively solve new problems.

Responsibilities

• Own key components of the annual Loss Ratio Planning processes, including analyses of historical and prospective loss trends, large losses, ALAE, and related topics.
• Monitor loss and business performance relative to planned expectations, with responsibility for supporting monthly and quarterly Health of the Line leadership reviews.
• Perform ad-hoc, in-depth analyses to diagnose key drivers of performance vs plan.
• Partner with the team to continuously improve the group’s analytical tools, processes, and capabilities.
• Stay current on industry trends and external perspectives to help inform internal analyses.

Qualifications

• Bachelor’s Degree required.
• Actuarial exam path to become a credentialed actuary with at least 2 passed exams required.
• Minimum of 2+ years of Property and Casualty Insurance Actuarial experience.
• Knowledge of Actuarial pricing and reserving techniques.
• Strong technical/analytical skills; proficiency in Excel required and experience with R/Python 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 and work with individuals across various teams.

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: $91,600 - $137,400.

• short-term or annual bonuses
• long-term incentives
• on-the-spot recognition

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

About Us | Our Culture | What It’s Like to Work Here | Perks & Benefits

Every day, a day to do right. Showing up for people isn’t just what we do. It’s who we are – and have been for more than 200 years. We’re devoted to finding innovative ways to serve our customers, communities and employees—continually asking ourselves what more we can do. Is our policy language as simple and inclusive as it can be? Can we better help businesses navigate our ever-changing world? What else can we do to destigmatize mental health in the workplace? Can we make our communities more equitable? That we can rise to the challenge of these questions is due in no small part to our company values that our employees have shaped and defined. 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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