Actuarial Associate/Assistant - Reserving

AD & Actuarial Associate - AS07AEActuarial Assistant - AS08AE

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.

Description

This position is primarily responsible for assisting the Reinsurance and Runoff Reserving Team in the analysis of latent liability exposures, emerging torts, asbestos and environmental (A&E) accounts, and potentially uncollectible reinsurance. This is a individual contributor role, with opportunities to increase efficiency and effectiveness of reserving practices within the team as well as across the reserving department. The position requires strong communication skills, with emphasis on discussing individual accounts with the claim and legal teams and opportunities to present findings to senior claim, legal, and actuarial management.

The nature of the analysis varies from projecting reserves using traditional triangle-based approaches to building individual account models to quantifying the collectability risk of ceded reinsurance balances. In this position, one can learn more about latent liability exposures, the allocation of large losses across a coverage chart of potentially applicable primary, umbrella, and excess layers, and the estimation of collectable reinsurance for a modeled exposure. The subject reserve studies have a high profile, as historically results have had material impacts on the company's balance sheet and C-Suite officers regularly expresses interest in the development of mass torts.

**Please note, candidates pursuing exams as well as those not pursuing exams will be considered for this role. This role can be part of our large Actuarial Student Program for an individual meeting requirements for entry into the program. **Location:This role can have a Hybrid or Remote work arrangement.  Candidates who live near one of our office locations will have the expectation of working in an office 3 days a week (Tuesday through Thursday).   Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise.

Responsibilities

·Gain an in-depth understanding of mass tort exposures ·Learn about legacy companies and their remaining exposures ·Use both top-down and bottom-up methods to estimate reserves ·Communicate with Claims, Legal, and others to help to develop a reserve range for individual, large, unique exposures ·Develop innovative and creative projection methods where little or no historical data is applicable ·Performing specific mass tort reserve reviews and reporting out results to leadership ·Analyzing the provision for future re-assumed reinsurance and reporting out results to leadership ·Projecting portions of the asbestos and environmental ("A&E") reserves

Experience & Skills:-3+ years of actuarial experience-Working towards ACAS/ASA preferred, but related experience considered in lieu of actuarial exams/credentials.-Ability to develop effective business partnerships-Strong Excel skills required-Excellent communication skills - both oral and written, formal and informal; effective at communicating actuarial issues to non-actuarial partners.

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:

$85,000 - $140,000

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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