Director & Assistant Actuary, Personal Insurance Loss Ratio Performance – Home

The Hartford; Hartford (CT); Remote; USD 132,000 - 200,000; Full time

Job summary

A leading insurance company seeks a Director & Assistant Actuary to join their Personal Insurance actuarial team. This role focuses on Homeowners loss ratio performance, requiring strong analytical skills and collaboration with multiple departments to guide strategies. A competitive salary is offered with opportunities for remote work.

Benefits

Short-term or annual bonuses

Long-term incentives

On-the-spot recognition

Qualifications

• Minimum 5 years of property and casualty insurance actuarial experience required.
• FCAS preferred, strong analytical skills necessary.
• Ability to collaborate with various teams and present results.

Responsibilities

• Lead analysis of Homeowners loss ratio performance monthly.
• Develop statistical tools using R and Shiny applications.
• Collaborate with teams on projections and assumptions.

Skills

Analytical Skills

Communication Skills

Teamwork

Problem Solving

Education

Undergraduate degree in Mathematics or Actuarial Science

Tools

Excel

R

SQL

Job description

Director & Assistant Actuary - AM06BE

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.

The position is part of the Personal Insurance actuarial team primarily focused on loss ratio performance for the Homeowners line of business ($1B in annual EP). While the position’s primary focus will be on Homeowners loss ratio performance, there will be ongoing partnership with the Personal Insurance (PI) Homeowners reserving/claims team, the PI Product team, and the enterprise Claims Analytics teams to ensure we have a cohesive message and understanding of the Homeowners product and results.

Responsibilities:

As a key member of the Personal Insurance actuarial team, this individual will lead and perform a variety of analyses and continuously monitor the Homeowners loss ratio performance. The successful candidate will look at data for the last several years and use this, along with a deep understanding of the current Homeowners environment to project future loss ratios. With the current PI loss cost environment, responding quickly to changing patterns and providing transparency into work and assumptions is critical as these results guide strategies and decisions with the broader Product organization. The candidate will partner closely with actuarial, claims analytics, and product management areas and will be a key business partner, whose expertise is highly sought.

Responsibilities include:

• Lead a team that analyzes and shares Homeowners loss ratio performance on a monthly basis.

• Build tools/analytics, using enhanced statistical tools, such as R and Shiny applications allowing us to monitor each component loss ratio performance (e.g. loss and premium trends) at the deepest grain.

• Think creatively to develop innovative and novel solutions to actuarial processes and how we can enhance long-standing actuarial methodology using newer data science techniques.

• Rely on results from loss ratio performance and the current Homeowners environment to project loss ratios forward for the next 2-3 years.

• Collaborate with partners on key assumptions going into the loss ratio planning analysis, ensuring assumptions incorporate the latest information from all areas.

• Present results to leaders in Reserving, Actuarial, Claims, and Product, among others.

• Results driven with commitment to meeting deadlines.

• Attends to detail and manages multiple priorities in a fast-paced environment.

Qualifications:

• Undergraduate degree with a major in mathematics, actuarial science or related field of study.

• FCAS preferred, but open to candidates with appropriate knowledge background.

• Minimum 5 years of property and casualty insurance actuarial experience. Homeowners is a plus, but not necessary.

• Knowledge of actuarial pricing techniques.

• Demonstrated technical/analytical skills; High proficiency in Excel required and experience with R/SQL preferred.

• 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.

• Note this can be a full time, remote work opportunity.

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:

$132,720 - $199,080

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

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