Director & Actuary - AE06AE
Director & Assistant Actuary - AE06BE
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.
We’re in the business of helping people achieve amazing things by protecting the things that matter most. And you can help us when you join our team of underwriters. They’re at the center of everything we do – and by joining us, you’ll be on a team known throughout the industry for providing our customers with just the right amount of coverage they need to pursue their unique interests.
Your underwriting career here means collaboration, inclusivity, innovative thinking and so much more.
Here, doing things the way they’ve always been done isn’t a part of the job. Here, you’ll be putting your creative insights to work with other underwriters and leaders, having a seat at the table with key decision makers. And you’ll have any number of opportunities for your career to grow in whatever direction you choose.
This position is a visible and critical director role within the Group Reinsurance Plus Actuarial team. The Director & Actuary will be responsible for the assumptions that drive the major components of the Group Reinsurance Plus reserves, as well as Operational Planning.
The role also owns Reinsurance Premium Administration and is externally facing with our Sponsors.
The position manages 2-3 direct reports. Project and time management, strong communication and presentation skills, and relationship building are all key aspects of this job.
Responsibilities
• Demonstrate deep understanding of the GRP & Group Benefits Core models, their strengths, weaknesses, and risks including how they are used by Pricing, Underwriting, Claims, and other cross-functional areas.
• Develop and maintain strong partnerships with Sponsors, Group Benefits Valuation, Finance, Claims, Underwriting and other cross-functional partners to achieve business objectives.
• Effectively communicate business and financial results to sponsors, business partners and senior management.
• Directly manage 2 Advanced Billing Specialists and 1 Actuarial Consultant.
• Be a leader on the team by promoting teamwork, cross-training, collaboration, problem solving, and personal connections.
• This includes actively sustaining and promoting The Hartford Way routines.
• Partner with Sponsors and cross-functional partners to resolve premium discrepancies in a timely manner.
• Drive improvement (through data and technology) in premium administration, financial reporting, metrics and trend analysis that help the business understand the drivers of results.
• Perform ad hoc analysis of results drivers, partnering closely with Claims and Pricing to enhance/unify the results’ story.
• Partner with GB and GRP Actuarial AVPs on presentation of results and explanations.
• Own and project manage the development of GRP Operating Plan, including Outlook.
• Partner closely with Pricing, Finance, Claims and Underwriting on development and documentation of inputs, including assumptions made.
• Own sponsor-specific models and the periodic review of individual cases with special arrangements, including special circumstances outside of the standard reserve modeling.
• Develop and establish a quarterly profitability analysis including setting assumptions, booking reserves, documentation, and discussion of results.
• This includes the exploration of moving to a quarterly frequency on certain reserve items and gaining leadership support for that change.
• As requested, effectively support auditors with data, documentation, and rationale.
• Effectively coach and provide feedback to team members, while recommending training and development. Inspire and motivate team members to achieve optimal performance and skill development.
Experience & Skills
• FSA with 4+ years of experience; past or current experience in reserving preferred.
• Management experience preferred
• Very strong technical and data skills; must be proficient in Excel and able to learn new software tools such as R and Thoughtspot.
• Must be a thought leader; demonstrate analytical skills and offer creative solutions to business questions; exhibit a process efficiency/improvement mindset.
• Strong written and verbal communication skills with the ability to convey technical concepts to audiences of various levels and diverse technical backgrounds.
• Strong leadership skills; ability to develop strong working relationships and the ability to interact with and influence our business partners
• Project management and teamwork skills including ability to effectively collaborate with individuals at different organizational levels; flexibility and willingness to adapt to changing priorities
• Self-motivated and results-oriented with the ability to manage time effectively by prioritizing and delegating in an environment with multiple priorities.
Salary $129,360 - $217,080
***This position can be filled at different levels depending on experience**
This role will have a Hybrid work arrangement, with the expectation of working in an office (Hartford) 3 days a week (Tuesday through Thursday).
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:
$129,360 - $217,080
The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.
Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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