Director & Actuary, Risk & Profitability Measurement

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 Director & Actuary, Risk and Profitability Measurement (RPM) is a key position within the RPM team, managing 2-3 direct reports and primarily responsible for running The Hartford’s capital attribution process for all P&C lines.  The Director will have a holistic view of The Hartford’s P&C operations and an opportunity to work with business partners across the organization (e.g. Actuarial Pricing and Reserving, ERM, Treasury, and Finance), including communication with the C-suite. This position is also responsible for owning and running the Accident Year (AY) Return on Equity (ROE) model and leading RPM’s reporting function for all P&C lines. They will also partner with ERM on the Economic Capital model, providing inputs, supporting enhancements, and utilizing results within capital attribution. 

The Director will be a thought leader on capital concepts, providing expert consultation across the organization on topics including capital attribution and return on equity. The ideal candidate will have strong capital and actuarial expertise, along with the ability to effectively communicate technical concepts to various audiences and build relationships across the organization.

Responsibilities:

Lead the annual capital attribution process for all P&C lines

• Support Treasury in determining the total pot of P&C capital.

•  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, Actuarial Leadership, and the C-suite.

Lead RPM’s reporting function, which provides Actuarial and senior leadership with updated capital-based views of actual and expected underwriting performance

• Provide sensitivity analysis for key metrics used during the planning process.

• Produce a quarterly Booked ROE Report for the C-suite to support earnings prep.

• Publish a variety of other quarterly/annual P&C reports.

Provide expert consultation across the organization on model results and capital concepts, including capital attribution, target combined ratios, and return on equity. Seek to understand business partner needs and proactively provide solutions. Support ad hoc requests as needed.

Own the models used for capital attribution, return on equity, and reporting analysis, including maintaining and enhancing as needed. Support business partners as they use these models.

Support RPM’s innovation efforts, including streamlining processes and enhancing capabilities 

• Support RPM’s Tech Lead to modernize our model suite, including transitioning from Excel into a modern programming language.

• Research and implement new capital-based methodologies, including improved capital attribution approaches and supporting enhancements to the Economic Capital model.

•  Improve our reporting framework, including automating processes and adding new capabilities.

Manage, coach, and develop 2-3 direct reports, including accountability for their performance and professional development.

Qualifications:

• 7+ years of experience in the insurance industry with strong expertise in actuarial, financial/statistical modeling and analytics.  

• FCAS/FSA or career ACAS/ASA or equivalent experience is required.

• Capital modeling experience is strongly preferred.

• Prior management experience is strongly preferred.

• Strong verbal and written communication skills; must be able to effectively communicate technical concepts to various audiences and build relationships across the organization.

• Advanced subject matter expertise in MS Excel and empirical model building.

• Innovative. Seeks new and creative ways to approach analytical exercises and projects.

• Results-oriented. Demonstrates pace and pride of ownership of work products.

• Working knowledge of corporate finance, financial management, and economics.

• Working knowledge of R/Python is a plus.

Location:
This role can have a Hybrid or Remote work arrangement.  Candidates who live near The Hartford’s Hartford, CT; Chicago, IL; or Charlotte, NC office locations will have the expectation of working in an office three 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.

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:

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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