Senior Risk Analyst or Assistant Director & Associate Actuary

The Hartford; Hartford (CT); Hybrid; USD 111,000 - 170,000; Full time

Benefits offered by this job

Hybrid work arrangement

Office in Hartford

Job summary

The Hartford is seeking a qualified professional to join the Risk and Profitability Measurement team, focusing on Economic Capital parameterization and capital attribution for P&C lines. You will collaborate across ERM, Pricing, Reserving, Treasury, and Finance to enhance models and reporting.

With 4+ years in actuarial, risk, Economic Capital, ERM, or financial modeling, you will analyze capital, ROE, and risk-adjusted performance, delivering insights to leadership and business partners in a

Qualifications

• 4+ years of experience in insurance, actuarial, risk, or financial modeling.
• Strong technical and analytical skills; proficient with large datasets.
• Experience with Excel; programming in R or Python is a plus.
• Ability to explain technical concepts to diverse audiences.

Responsibilities

• Advance RPM's innovation by enhancing capital measurement methodologies, analytics, and reporting.
• Partner with ERM to enhance Economic Capital model granularity and attribution.
• Develop and maintain insurance risk parameterizations used in the model.

Skills

Actuarial

Risk

Economic Capital

ERM

Financial modeling

Excel

R/Python

Data analysis

Tools

Igloo modeling software

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.

Position Overview

The open role within the Risk and Profitability Measurement (RPM) team is a key position supporting The Hartford's Economic Capital parameterization and capital attribution processes across all P&C lines. This role will have a holistic view of the enterprise's P&C risk profile and partner closely with Enterprise Risk Management (ERM) and other stakeholders across the organization, including Pricing, Reserving, Treasury, and Finance. The successful candidate will contribute to the ongoing development and enhancement of Economic Capital parameterization, helping ensure that the model appropriately reflects underlying risk characteristics. Using Economic Capital model results, this individual will perform analyses that inform capital attribution, Return on Equity (ROE) modeling, and other risk-adjusted performance metrics used to evaluate the relationship between risk, capital, and profitability across P&C lines and products.

Responsibilities

• Advance RPM's innovation efforts by enhancing capital measurement methodologies, analytical capabilities, and reporting solutions.
• Partner with ERM to enhance Economic Capital model granularity, parameterization techniques, and capital attribution methodologies.
• Develop and maintain insurance risk parameterizations used within the Economic Capital model.
• Perform sensitivity testing and analytics to assess the impact of changing assumptions, risk characteristics, and capital requirements on business performance.
• Develop insights that support management's understanding of the relationship between risk, capital consumption, and profitability.
• Assess the impact of proposed Economic Capital model enhancements on capital attribution outcomes and risk-adjusted performance metrics.
• Communicate Economic Capital and capital attribution results to business partners, actuarial leadership, and other stakeholders.
• Provide analytical support and respond to ad-hoc requests related to capital, profitability, and risk-adjusted performance measurement.
• Develop deep expertise in Economic Capital, capital attribution, and risk-adjusted performance concepts and apply that knowledge to evolving business needs.

Experience & Skills

4+ years of experience in the insurance industry, with a background in actuarial, risk, Economic Capital, ERM, or financial modeling. Strong technical and analytical skills, including proficiency in Excel and experience working with large datasets and quantitative models. Experience with R, Python or other programming languages is a plus. Experience with Igloo modeling software is a plus. Strong written and verbal communication skills, with the ability to explain technical concepts to both technical and non-technical audiences. Demonstrated ability to collaborate effectively with business partners across functional areas. Innovative and results-oriented mindset with a strong sense of ownership and curiosity.

Work Arrangement

This role can have a Hybrid work arrangement in hub offices located in Hartford CT, Chicago, IL, or Charlotte, NC. Candidates who live near one of our office locations will have the expectation of working in an office three days a week (Tuesday through Thursday). Candidates who do not live near an office may be considered for a remote work arrangement with occasional travel.

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: $111,200 - $169,800

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

About Us

Every day, a day to do right. Showing up for people isn't just what we do. Its 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.