Actuarial Analyst Sr - Tools

Join HSB’s expanding pricing team and make a difference by leading the development of our cloud-based pricing tools to support HSB’s profitable growth.

You will develop, maintain, and upgrade tools that deliver proactive insights and innovative solutions to empower our business.

In addition, you will work with the pricing team to provide pricing support for HSB’s personal lines and specialty liability products.

Key Responsibilities

Pricing Tools Development and Maintenance : Enhance, maintain, and redesign our Excel-based pricing tool landscape to deliver proactive insights to underwriters and product managers, aligning with our mission to empower our business through analytical expertise.

Leverage advanced Excel skills (e.g., advanced Excel functions, VBA, Power Query) to produce new business rates and actuarial rate indications, empowering underwriters to develop benchmark pricing for the majority of pricing requests.

Engage with stakeholders to ensure our tools are accurate, are user-friendly, and deliver innovative solutions.Educate and train others as trusted thought partners on tool usage, actuarial analyses, and pricing methodologies, fostering a culture of shared knowledge and expertise.

Contribute to the long-term development of a new platform for pricing tools, incorporating additional coding responsibilities as needed.

Actuarial Pricing Support : Prepare and complete pricing analyses with some guidance, including the development of rates, ultimate loss projections, and effective communication of results.

Develop pricing support for rate filings and address actuarial objections to ensure compliance with state insurance regulations.

Qualficiations

Education and Experience :

Bachelor’s degree in Actuarial Science, Statistics, Economics, Finance, Mathematics, or related fields requiring modeling, programming, or quantitative analysis;

alternatively, equivalent work experience.

• Passed at least five (5) actuarial exams.
• Four (4) or more years of (re)insurance / actuarial work experience.

Knowledge and Skills :

• Working knowledge of standard actuarial models and techniques, particularly around pricing in the personal and commercial lines markets.
• Knowledge of primary and non-traditional reinsurance / alternative markets, and of insurance company processes and functions.
• Excellent computer skills. Proficient in actuarial modeling software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis.

Strong programming skills are preferred.

• High attention to detail and reliability to deliver high quality results. Self-driving and proactive.
• Good project management skills including the ability to coordinate and direct resources outside department.
• Effective time management and organizational skills including the ability to manage conflicting priorities.
• Ability to apply judgment and problem-solving skills to address complex significant issues.
• Effective oral and written communication skills. Ability to effectively communicate and negotiate with internal stakeholders and external clients.
• Strong collaborative and interpersonal skills. Ability to develop positive relationships in the organization.
• Comfortable to work in an environment where change is the only constant.

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see