Actuarial Small Business LOB Rate Execution
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.
Worker’s Compensation is ~$3.5B line of business across Small Business and Middle/Large Business and The Hartford is a market leader within the WC industry.
This Actuarial Analyst position plays a key role for the Workers Comp LOB Actuarial team and will be supporting the traditional actuarial rate execution team. The position will be responsible for producing state level rate change recommendations, developing filing strategy and supporting the filing process. The candidate will have the opportunity to directly interact with business partners, including Product, IT, and multiple groups across Actuarial.
We are looking for individuals who are curious and motivated to improve current processes and who can communicate effectively to both technical and non-technical audiences.
Responsibilities:
Process state rate filings to ensure the rate plan execution.
Develop enhancements to streamline state filings process
Partner with Product to understand and communicate drivers of change in rate level
Partner with Product to support product enhancements or new product to enhance the WC’s competitive position
Complete ad hoc projects to support business priorities
Support annual Indication assumptions updates and ensure that the source of the information is properly documented.
Project quarterly dividend payment and share the results with dividend committee.
Share knowledge and projects across the WC pricing team.
Qualifications:
Bachelor’s Degree required.
Actuarial exam path to become a credentialed actuary with at least 2 passed exams required.
Strong technical/analytical skills; proficiency in Excel required and experience with R/Python preferred.
Effective oral and written communications skills.
Independently motivated; constantly looking 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:
$76,800 - $115,200Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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