Assistant Director & Actuarial Associate

The Hartford; Chicago (IL); Hybrid; USD 93,000 - 164,000; Full time

Job summary

The Hartford is seeking an Actuarial Reserving professional for the Construction and Energy sectors. This key role focuses on quarterly reserve reviews and involves communication with various stakeholders. Candidates will leverage their analytical skills and contribute to innovative reserving techniques while gaining in-depth industry knowledge.

Qualifications

• Minimum 3+ years of experience in insurance or related industry.
• Candidates should have strong technical and analytical skills.
• Progress toward ACAS/FCAS or ASA/FSA preferred.

Responsibilities

• Perform quarterly reserve reviews for Guaranteed Cost WC and Loss Sensitive lines.
• Develop new analytic tools and enhance current processes.
• Communicate findings to technical and non-technical audiences.

Skills

Analytical skills

Data skills

Technical skills

Education

Progress toward ACAS/FCAS or ASA/FSA

Tools

SQL

R

Excel

Job description

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.

This position is a key role within the Actuarial Reserving department, supporting Construction and Energy Workers’ Compensation and Loss Sensitive lines. The position is primarily responsible for the quarterly reserve review process, as well as ongoing claim monitoring and analytics. In addition, the role will support the Premium reserve analyses, which is a unique opportunity to experience the reserving function from a different angle.

This position also provides opportunities to be involved in cross-team and individual projects, analysis of emerging trends, and exploring the development of new reserving techniques and analytical tools. The position will partner with Claims, Underwriting, Pricing, and Product to be a leading source of expertise on the Construction and Energy industry verticals within Middle & Large Business, including Workers’ Compensation, Commercial Auto, and General Liability coverage dynamics and trends. Candidates should have strong technical and analytical skills, be able to communicate effectively across technical and non-technical audiences, and be able to influence business partners.

This role is a great fit for someone who enjoys owning processes from start to finish, is interested in being a subject matter expert and motivated to deliver quality, timely work that informs high-level decision-making.

Gain in-depth knowledge of the Construction and Energy products, including the Workers’ Compensation, General Liability, and Commercial Auto coverages, as well as an understanding of claims operations, tools and processes

Become an expert in both basic and advanced reserving techniques, with an opportunity for innovation by building new reserving techniques and analytical tools and streamlining existing processes

Strengthen communication skills by presenting quarterly reserve review results to both technical and non-technical audiences

Build upon technical and analytical skills by utilizing R and SQL for reserving techniques, tools and analyses

Major responsibilities of this rotation include

Perform quarterly reserve reviews and support ongoing monitoring for Guaranteed Cost WC and Loss Sensitive (WC, GL & Auto) lines within Construction and Energy

Perform semi-annual reviews of the Premium Audit reserves

Develop new analytic tools and enhance current tools to improve the accuracy and efficiency of reserve reviews and to deliver improved insights to business partners

Become an expert regarding emerging internal & external trends in loss experience, changes within claims operations, and underwriting trends

Conduct sophisticated actuarial analyses and effectively communicate findings and recommendations to business partners

Drive and enhance the partnership between Actuarial, Claims, and the business functions

Experience & Skills

Minimum 3+ years of experience in insurance or related industry.

Progress toward ACAS/FCAS or ASA/FSA preferred but not required. We will consider filling this role as part of our actuarial student program for a qualified candidate meeting requirements for entry into the program.

Very strong technical, analytical and data skills

Excel required and experience with SQL, R and/or Python preferred.

Experience working independently and as part of a team.

Self-motivation, creativity, time-management, project-management, and relationship building will be beneficial in this role.

Salary $93,120 - $163,120

This role will have a Hybrid work arrangement, with 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:

$93,120 - $163,120

AD & Actuarial Associate - AS07AESr Consultant Actuarial - AA07EE

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.

This position is a key role within the Actuarial Reserving department, supporting Construction and Energy Workers’ Compensation and Loss Sensitive lines. The position is primarily responsible for the quarterly reserve review process, as well as ongoing claim monitoring and analytics. In addition, the role will support the Premium reserve analyses, which is a unique opportunity to experience the reserving function from a different angle.

This position also provides opportunities to be involved in cross-team and individual projects, analysis of emerging trends, and exploring the development of new reserving techniques and analytical tools. The position will partner with Claims, Underwriting, Pricing, and Product to be a leading source of expertise on the Construction and Energy industry verticals within Middle & Large Business, including Workers’ Compensation, Commercial Auto, and General Liability coverage dynamics and trends. Candidates should have strong technical and analytical skills, be able to communicate effectively across technical and non-technical audiences, and be able to influence business partners.

This role is a great fit for someone who enjoys owning processes from start to finish, is interested in being a subject matter expert and motivated to deliver quality, timely work that informs high-level decision-making.

Opportunities

• Gain in-depth knowledge of the Construction and Energy products, including the Workers’ Compensation, General Liability, and Commercial Auto coverages, as well as an understanding of claims operations, tools and processes

• Become an expert in both basic and advanced reserving techniques, with an opportunity for innovation by building new reserving techniques and analytical tools and streamlining existing processes

• Strengthen communication skills by presenting quarterly reserve review results to both technical and non-technical audiences

• Build upon technical and analytical skills by utilizing R and SQL for reserving techniques, tools and analyses

Major responsibilities of this rotation include

• Perform quarterly reserve reviews and support ongoing monitoring for Guaranteed Cost WC and Loss Sensitive (WC, GL & Auto) lines within Construction and Energy

• Perform semi-annual reviews of the Premium Audit reserves

• Develop new analytic tools and enhance current tools to improve the accuracy and efficiency of reserve reviews and to deliver improved insights to business partners

• Become an expert regarding emerging internal & external trends in loss experience, changes within claims operations, and underwriting trends

• Conduct sophisticated actuarial analyses and effectively communicate findings and recommendations to business partners

• Drive and enhance the partnership between Actuarial, Claims, and the business functions

Experience & Skills

• Minimum 3+ years of experience in insurance or related industry.

• Progress toward ACAS/FCAS or ASA/FSA preferred but not required. We will consider filling this role as part of our actuarial student program for a qualified candidate meeting requirements for entry into the program.

• Very strong technical, analytical and data skills

• Excel required and experience with SQL, R and/or Python preferred.

• Experience working independently and as part of a team.

• Self-motivation, creativity, time-management, project-management, and relationship building will be beneficial in this role.

Salary $93,120 - $163,120

This role will have a Hybrid work arrangement, with 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:

$93,120 - $163,120

The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.

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

About Us | Culture & Employee Insights | Diversity, Equity and Inclusion | Benefits

The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States-based investment and insurance company.

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