Actuarial Risk and Profitability Measurement jobs in United States
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The Hartford · 23 hours ago

Actuarial Risk and Profitability Measurement

The Hartford is an insurance company committed to making a difference, and they are seeking an Assistant Director & Associate Actuary to join their Risk and Profitability Measurement team. This role involves supporting the capital attribution process for all P&C lines and collaborating with various business partners to enhance reporting and modeling functions.

Auto InsuranceCommercial InsuranceEmployee BenefitsFinanceFinancial ServicesInsuranceLife InsuranceProperty Insurance

Responsibilities

Support the annual capital attribution process for all P&C lines
Update key capital parameters to accurately attribute capital across P&C lines and sublines. Partner with Business Actuaries to evaluate these parameters
Partner with ERM on the Economic Capital model, providing them with regular parameter updates and incorporating their results into the capital attribution process
Communicate results to Line of Business Actuaries and other stakeholders
Contribute to RPM’s reporting function, which provides Actuarial and senior leadership with updated capital-based views of actual and expected underwriting performance
Produce quarterly and annual P&C reports on capital-based views of underwriting performance, such as sensitivity 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 to leverage our 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
Develop deep understanding of capital concepts and apply them to business needs

Qualification

Actuarial skillsFinancial/statistical modelingCapital modelingMS ExcelR/PythonCorporate financeInnovative mindsetEffective communicationTeamwork skills

Required

5+ years of experience in the insurance industry with expertise in actuarial, financial/statistical modeling and analytics including some experience in ERM or capital modeling
ACAS/ASA (or equivalent experience) preferred or min 6-7 actuarial exams. Candidates with actuarial experience not pursuing exams will also be considered
Strong technical/analytical skills, including advanced subject matter expertise in MS Excel and empirical model building
Effective oral and written communications skills
Teamwork skills, including the ability to effectively collaborate with individuals across various teams
Innovative and results-oriented mindset. Demonstrates pace and pride of ownership of work products

Preferred

Experience with R/Python is a plus
Familiarity with capital modeling concepts is a plus
Working knowledge of corporate finance, financial management, and economics is a plus

Benefits

Short-term or annual bonuses
Long-term incentives
On-the-spot recognition

Company

The Hartford

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The Hartford is an industry leading provider of property and casualty insurance, group benefits and mutual funds.

Funding

Current Stage
Public Company
Total Funding
unknown
1995-12-15IPO

Leadership Team

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Christopher Swift
Chief Executive Officer
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Company data provided by crunchbase