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Hartford, CT
(Click company name to view employer profile and all available positions.)
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| Career Field |
Actuarial
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| Insurance Discipline |
All
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| Relocation Assistance |
Not Available
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| Job Duration |
Full Time |
| Salary Offered |
Open
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Pay Band: 3
OVERVIEW:
Incumbent is a member of a team responsible for reviewing and implementing rates and factors for CMP and Property for an assigned group of states. This position requires taking a supporting role in formulating and implementing state strategies through increased analysis and focus on pricing segmentation, class of business level analysis, rate indications, disruption analysis, and effective rate filings. This individual will work collaboratively with the Regional Pricing Teams, Product Management and Underwriting, Countrywide Pricing Teams, and Field Marketing to drive pricing strategies to achieve profitable growth.
JOB COMPONENTS/CRITICAL RESPONSIBILITIES:
- Integration of actuarial decisions with business strategies
- Assist in developing and implementing Pricing, Filing, and Product strategies through:
- Analysis of industry data, production costs, loss data, underwriting / marketing programs, claim data,
- Interaction with Field staff
- Interaction with IT/Systems, Regulatory Affairs, and Claim
- Help formulate business review packages to document the rate changes.
- Respond to state insurance department inquiries.
- Work closely with regional teams and build expertise on state assignment.
- Take an active role in the development of pricing practices across the regions eliminating redundancies and establishing consistency in processes.
- Ability to develop pro forma cost benefit analysis.
- Recommend improvements to pricing policies, procedures and workflow, including handoffs with product processing, and filing/regulatory departments.
- The job provides an introduction to understanding Travelers financial systems for Premiums and Losses and an increasing expertise with actuarial systems and terminology
- Provide pricing and rate filing support for a specific line of business
- Complete state filing forms and stay up to date on compliance changes related to the filing process
- Collect data, analyze premium and loss experience, and develop conclusions and recommendations
- Assist in loss development, trend, and reserve analysis
COMPETENCIES / QUALIFICATIONS:
- Major in math, statistics, actuarial science, finance, or economics
- Overall Grade Point Average of 3.2 or better
- Working experience with Excel, Word, and Powerpoint
- Knowledge of Access and Impromptu is a plus
- Actuarial internship or prior work experience in the insurance field is helpful
- Self-directed, strong sense of urgency in meeting deadlines
- Ability to handle shifting priorities
- Ability to perform independent research
- Ability to manage projects
- Very strong data balancing skills/data auditing skills.
- Good oral and written communications
- Strong time management skills
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