Support the global pricing function in developing pricing across HSB's product segments in the Personal, Commercial, and Specialty insurance space. Assist in the development of rates, strategies, product development, forecasting, and other analytical research through the usage of actuarial and statistical methods. Work with underwriting, regulatory, claims and engineering units to ensure technical expertise is fully leveraged in the development of and use in pricing models and that products perform as desired in the broader market. Help mentor and train junior staff.
Qualifications
Education and Experience:
- Bachelor's degree in Actuarial Science, Statistics, Economics, Finance, Mathematics or related fields requiring modeling, programming or quantitative analysis or equivalent work experience is required
- 5+ years' experience doing actuarial work in the insurance or reinsurance industries is required
- Membership in the Casualty Actuarial Society (ACAS/FCAS) is required
Knowledge and Skills:
- In depth knowledge of actuarial models, standard actuarial techniques particularly around pricing in the personal and commercial lines markets.
- Understanding client and market dynamics, as well as regulatory requirements
- Knowledge of primary and non-traditional reinsurance/alternative market
- Proficient computer skills in MS Office Suite and actuarial modeling software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis (as appropriate)
- Attention to detail
- Effective time management skills, to include prioritizing and bringing about decisions
- Self-driving and proactive
- Ability to train others and pass on expertise
- Work well both independently and in cross-disciplinary teams
- Ability to influence and negotiate with others and create acceptance for proposals. Strong interpersonal skills.
- Entrepreneurial spirit
- Ability to work in an environment that constantly changes
Location: Hartford, CT or Princeton, NJ
At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
Working at
Munich Re
Munich Re is a leading reinsurance company that provides insurance products to other insurance companies. The company was founded in 1880 and has grown to become one of the largest reinsurers in the world. Munich Re offers a wide range of reinsurance products, including property and casualty reinsurance, life and health reinsurance, and specialty reinsurance. In addition to traditional reinsurance products, the company also offers risk consulting and management services to help clients identify and mitigate potential risks. Munich Re has a strong reputation in the industry and is known for its expertise in underwriting and risk assessment. The company has operations in numerous countries around the world and is a key player in the global insurance market.