Reserving for Supp A&H products including ownership of methods and process .
Present Supp A&H loss ratio results at month-end to the E B Chief Actuary , explaining drivers of results .
Develop and report LTD metrics to Claims and various levels of management ; perform ad hoc analysis of loss ratio drivers as priorities arise.
Lead/ participate in one major reserve project each year (Premium Waiver or LTD) , utilizing company experience and predictive models to update reserve assumptions on individual claims.
Continuously improve outdated data and reserve processes .
Prepare reserve reconciliations for internal and external auditors , ensuring regulatory compliance.
Support the LTD Settlement Claims team using LTD reserve systems and actuarial judgement.
Experience & Skills
Bachelor's Degree required.
Life Actuarial exam path to become a credentialed SOA actuary with at least 2 passed exams required.
Strong analytical, critical thinking and problem-solving skills, with the ability to effectively resolve complex issues.
Strong Excel skills required. Knowledge of SQL, VBA, R, Python, SAS or similar code languages a plus.
Excellent written and verbal communication skills.
Attention to detail with strong time and project management skills.
Driven, intellectually curious, passionate, resourceful and creative.
Proactive individual, who challenges existing processes, can influence others and drive a process to a conclusion while meeting critical deadlines
Work Arrangement:
This role will be hybrid in our Hartford CT location.
Benefits
$76,800 - $115,200The 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/AgeAbout Us | Our Culture | What It's Like to Work Here | Perks & BenefitsHealth insurancePerformance bonus
Additional Information
Actuarial Analyst - AC08DE
Sr. Actuarial Analyst - AC08CE
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.
This Actuarial Analyst position will be the key actuary responsible for reserving of the Supplemental Accident & Health products ( e.g . Critical Illness) while also gaining exposure to all Employee Benefits products , such as LTD and Life, through projects and analyses . The candidate will work closely with the other functions in Employee Benefits including Business Intelligence, Pricing, Finance, Claims , and Data Science . This position will be tailored to the competency level and the career development needs of the candidate.
Reserving for Supp A&H includes owning the reserve models and process improvement s , booking reserves to the ledger, and p resenting the drivers of results to the E B Chief Actuary. T his role will be heavily involved in the annual project that updates and refines the L1 models for individual claim reserve s of LTD and Life Premium Waiver ( >$5 B of reserves) . Further, they will develop, interpret, and improve metrics that assist the business in understanding trends and drivers of results . As time and prioritization allows , the student will be asked to help analyze emerging issues and trends that are impacting profitability.
Thehartford · Hartford, CT