Actuarial Risk and Profitability Measurement

AD & Associate Actuary - AS07AE
Sr Risk Analyst - KR07DE

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 Risk and Profitability Measurement (RPM) team supports

The Hartford’scapital attribution process for all P&C lines.

Thispositionwill have a holistic view ofthe enterprise’sP&C operations and opportunities to collaborate with business partners across the organization (e.g., Actuarial Pricing and Reserving, ERM, Treasury, and Finance). Thisindividualcontributes to RPM’s reporting function for all P&C lines and supports Return on Equity (ROE) modeling, a primary measure of risk and return atThe Hartford.

We are seeking a Sr Risk Analyst or AD & Associate Actuary to join our dynamic group.

The ideal candidate will have strong analytical and actuarial skills, an interest in capital concepts, and the ability toeffectivelycommunicate technical ideas.

Responsibilities

• Support the annual capital attribution process for all P&C lines

• Updatekey capital parametersto accurately attribute capital across P&C lines and sublines. Partner with Business Actuariesto evaluate these parameters.

• Partner with ERM on the Economic Capital model, providing them with regular parameter updates and incorporating their results into the capital attributionprocess.

• Communicate results toLine of Business Actuariesand other stakeholders.

• Contribute toRPM’s reporting function, which provides Actuarial and senior leadership with updated capital-based views of actual and expected underwriting performance

• Producequarterly and annual
  
  P&Creports on capital-based views of underwriting performance, such assensitivity analysis for planning metrics and
  
  Booked ROE Report for the C-suite to support earnings prep

• Maintain and enhance models used for capital attribution and ROE

• Provide technical support to business partners using these models.

• Participate in process improvement and automation initiatives.

• Collaborate on
  
  RPM’s innovation efforts, including streamlining processes and enhancing capabilities

• Support team efforts toleverageour recently modernized suite of models.

• Improve our reporting framework, including automating processes and adding new capabilities.

• Provide analytical support and respond to ad hoc requests

• Developdeepunderstanding of capital concepts and apply them to business needs.

Experience & Skills

• Sr Risk Analyst Role:5+ years of experience in the insurance industry withexpertisein actuarial, financial/statistical modeling and analytics including some experience inERM or capital modeling.

• AD & Associate Actuary Role: 6-7 actuarial exams, 4+ years of experience, could be an Associate

• Strong technical/analytical skills, including advanced subject matterexpertisein MS Excel and empirical model building. Experience with R/Python is a plus.

• Familiarity with capital modeling concepts is a plus.

• Workingknowledgeof corporate finance,financial management, andeconomicsis a plus.

• Effective oral and writtencommunicationsskills.

• Teamwork skills,including the ability to effectively collaborate with individuals across various teams.

• Innovative and results-oriented mindset.
  
  Demonstrates pace and prideofownership of work products.

Location

This role will have a Hybrid work schedule, with the expectation of working in the Hartford office 3 days a week (Tuesday through Thursday). However, consideration may be given for placement at our Charlotte, Chicago, or New York hubs or working remotely depending on the candidate’s years of relevant work experience.

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:

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