yoinka

Director or Sr. Director & Actuary

Hartford Financial

Hartford, CTStaff
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Location
Hartford, CT
Work model
On-Site
Level
Staff
Posted

Skills

Machine Learning

About this role

Sr. Director & Actuary - AM06AE Director & Actuary - AM06BE 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 position is part of the Personal Insurance actuarial team primarily focused on rate adequacy for the Homeowners line of business ($1.4B in annual EP).  While the position’s primary focus will be on Homeowners rate adequacy, there will be ongoing partnership with the Personal Insurance (PI) Homeowners planning and reserving teams, ASM, the PI Product team, and the enterprise Claims Analytics teams to ensure we have a cohesive message and understanding of the Homeowners product and results. This role will also partner with the Property Actuarial teams across Business Insurance to leverage insights, align strategies, and drive enterprise-wide business outcomes.  As a key member of the Personal Insurance CW actuarial team, this individual will lead and perform a variety of analyses as it pertains to the Homeowners rate adequacy results. The successful candidate will be an expert in understanding the Homeowners environment and will continue to drive our understanding of rate adequacy deeper. With the current PI loss cost environment, these results are critical to guide state-specific strategies and decisions with the broader Product organization. The candidate will partner closely with actuarial, claims analytics, and product management areas and will be a key business partner, whose expertise is highly sought.      This role will also include the opportunity to partner closely with ASM to evolve powerful analytical tools utilizing statistical modeling, machine learning, and big data platforms to enhance core actuarial processes. As part of enhancing model-based indications, this role can help advance longstanding actuarial methodologies. Examples include developing new approaches to loss development, trend, and range estimates in analyses. In addition, the candidate will leverage these advanced analytics and modeling techniques to proactively identify meaningful risk relationships that lead to actionable insights, strengthening our ability to align pricing with underlying risk. This role will require active partnership with key stakeholders and customers on deployment and adoption making communication and analytical skills a must.  Responsibilities include:  Lead a team that produces and analyzes Homeowners rate adequacy on a regular basis with clear visibility into key assumptions  Collaborate with partners on key assumptions going into rate adequacy analysis, ensuring assumptions incorporate the latest information from all areas  Think creatively to develop innovative and novel solutions to actuarial processes and how we can enhance long-standing actuarial methodology using newer data science techniques  Partner with modeling group to prioritize next modeling initiatives including additional use cases, dive into results, and communicate results with business partners  Build tools/analytics, using enhanced statistical tools, such as R and Shiny applications as well as the new Homeowners data asset  Leverage advanced analytics and modeling techniques to proactively identify meaningful risk relationships that lead to actionable insights  Present results to leaders in Actuarial, Reserving, Claims, and Product, among others  Results driven with commitment to meeting deadlines  Attends to detail and manages multiple priorities in a fast-paced environment  Qualifications : Undergraduate degree with a major in mathematics, actuarial science or related field of study.  FCAS preferred, but open to candidates with appropriate knowledge background  Minimum 5 years of property and casualty insurance actuarial experience.  Homeowners is a plus, but not

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