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.
Y-Risk partners with brokers to provide robust insurance solutions for our clients. We are an underwriting company of The Hartford and have coverholder status with Lloyd’s. We have proudly built a company operating on the leading edge of the insurance industry where we expertly merge the fundamentals of insurance underwriting with the fast-paced, tech-enabled world of tomorrow’s economy. Our team takes a nimble and creative approach to underwriting. We take the time to get to know and understand each client’s business and insurance goals and use their data and exposure profile to put the best possible coverage in place. We can appropriately price risk and make necessary adjustments based on active data analysis. At Y-Risk, we also understand the need for speed. Quick turnaround in underwriting and structuring insurance programs is one of our top priorities. In doing this, we value working closely with our customers and their brokers to communicate the benefits of our products. Learn more at our company’s website: Y-Risk
We are currently hiring for a detail-oriented and analytically driven Actuarial Consultant. This role is ideal for someone who enjoys working closely with underwriters and actuaries to develop pricing models, analyze risk trends, and support data-driven decision-making. This is a hybrid role with 3 days a week in Unionville, CT, designed for individuals who thrive in a collaborative, in-person environment.
This position works closely with the Y-Risk underwriting team developing the pricing for new and renewal business across all lines including Commercial General Liability, Commercial Auto, and Inland Marine. Active participant in daily underwriting meetings evaluating opportunities and participating in underwriting/pricing decisions.
In this position, you will be involved with monthly and quarterly results monitoring including developing claim count expectations for larger accounts and providing projections for actual vs expected monitoring. You will have the opportunity to gain an in-depth understanding of Y-Risk, the markets it serves, and the various pricing approaches. This position provides the opportunity to work on new initiatives, including the Connected Customer, working with our data engineer on automated data reporting, automated audit calculations, and data visualization around exposure information and actual vs. expected tracking.
Responsibilities:
Partner with underwriters to develop and refine pricing models for specialty insurance products.
Pricing support, along with other actuaries, including updating and maintaining pricing models/tools
Work with the data engineer on monthly reporting of audit data and account managers in establishing audit worksheets for smooth processing of monthly audit premiums
Active participant in the daily Diamond Table underwriting meetings
Develop innovative and novel solutions to new account opportunities, look for opportunities to further automate and revamp pricing process, and explore other data sources to supplement pricing analysis
Assist with larger accounts that will rely more on The Hartford’s large account pricing tools and work with data science team to explore additional pricing insights
Work with underwriting on developing pricing for product expansion
Support annual reinsurance renewal submission
Participate in quarterly results analysis
Potential to work with underwriting and pricing of new emerging risks and technologies creating innovative approaches to evaluating and pricing opportunities
Qualifications:
Bachelor’s degree required
1-3 years of prior P&C actuarial analyst experience preferred
Sound decision-making and analytical skills
Strong written and verbal communication skills in conveying technical results and influence decisions
Attention to detail and manages priorities well (often rapidly changing priorities)
Programming experience in R and/or Python a plus, but not a requirement
Predictive modeling/data science experience a plus but not a requirement
Demonstrates leadership qualities, entrepreneurial spirit, and is achievement oriented.
Intellectual curiosity with ability to develop creative problem-solving acumen and potential to build an innovative mindset
Sound time management skills with the ability to be adaptable to manage and prioritize dynamic workflow
Computer savvy- experience with MS office suite.
This role will have a Hybrid work arrangement, with the expectation of working in the Unionville, CT office three days a week (Tuesday through Thursday).
Qualified candidates who do not live near an office may be considered for a remote work arrangement, with the expectation of coming into an office as business needs arise. Candidates with hybrid reporting to the Unionville, CT office are highly preferred.
Candidates must be authorized to work in the US without company sponsorship. The company will not support the STEM OPT I-983 Training Plan endorsement for this position.
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:
$70,960 - $106,440Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
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