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’s capital attribution process for all P&C lines. This position will have a holistic view of the enterprise’s P&C operations and opportunities to collaborate with business partners across the organization (e.g., Actuarial Pricing and Reserving, ERM, Treasury, and Finance). This individual contributes to RPM’s reporting function for all P&C lines and supports Return on Equity (ROE) modeling, a primary measure of risk and return at The 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 to effectively communicate technical ideas.

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.

Experience & Skills

• Sr Risk Analyst Role: 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.

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

• Strong technical/analytical skills, including advanced subject matter expertise in MS Excel and empirical model building. 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.

• 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.

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:

$113,200 - $169,800

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