Vice President & Pricing Actuary, Absence & Supplemental Health, Group Benefits

VP & Actuary - AE04CE

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.

The VP & Pricing Actuary is a critical Leader within Group Benefits partnering with Underwriting, Sales, Product and Claims to drive profitable growth. This highly visible role will report into the Group Benefits Chief Actuary and provide leadership, vision and direction for the actuarial team responsible for our market leading Absence and Supplemental Health blocks. Innovation and creativity are important as the company creates new capabilities and tools to improve business decisions and grow the book. The expectation will be to establish credibility throughout the organization and with Group Benefits senior management, as an effective leader and developer of solutions to business challenges.

This position will lead, direct and develop a team of 18 actuarial professionals. The Vice President will be expected to deploy team resources to maximize efficiency and ensure pricing competitiveness and financial stewardship of the Absence and Supplemental Health products.

Specific responsibilities will include

• Develop pricing assumptions and manage the overall inforce risk for our $4.0B Absence and Supplemental Health insurance book across all employer size segments. Research, develop and facilitate the advancement of the pricing methodology including through collaboration with Data Science. Develop a strong partnership with Underwriting, including ongoing training and communication, to ensure accurate risk assessment and pricing.

• Ensure a rigorous, proactive experience analysis discipline to identify changes in trend or areas to grow/remediate. Present observations and insights to senior management, along with areas of concern/recommendations and execute on them as part of the ongoing financial management of the Absence and Supp Health blocks.

• Own the creation and execution of innovative pricing strategies and risk capabilities needed to profitably grow the Supplemental Health block which is key to GB's growth strategy over next 3 years.

• Partner with Product leadership to influence our Paid Family & Medical Leave product development roadmap and continually monitor and refine the pricing assumptions and tools for this important product in our Absence portfolio.

• Responsible for talent development, succession management and for building and driving a high performing team, grounded in high actuarial standards and continuous process improvement.

Qualifications

• FSA required with 15+ year proven record of success in actuarial leadership positions in the Group Benefits industry.

• Group Benefits product background (short- and long-term disability, paid family medical leave, critical illness, hospital indemnity, etc.)

• A vocal leader and catalyst for driving innovations and continuous improvement, while displaying a sense of urgency to deliver important results.

• A proactive executive with the ability to think and act strategically; planning for the long term while delivering on the short-term needs of the organization.

• Proven leadership, influencing and negotiation skills in a highly matrixed environment; able to work effectively across different functional areas and resolve differences while maintaining positive working relationships.

• An independent thinker as well as a challenger/advocate to ensure the soundness of pricing and underwriting.

• Demonstrated excellence at attracting, retaining and developing a high performing actuarial team in addition to a commitment to diversity and fostering an environment of inclusion.

• Excellent written and verbal communication skills, especially with respect to articulating technical concepts in a compelling manner to influence senior management.

• Exceptional analytical, critical thinking and problem-solving skills, with thorough attention to detail

• Strong project management skills and drive-for-results mentality, with the ability to multi-task and make decisions in a business context.

• The ability and desire to assume broader executive leadership responsibilities to include providing bench strength to the Group Benefit's Chief Actuary.

Location

This role will have a Hybrid work arrangement, with the expectation of working in The Hartford's Hartford, CT office three days a week (Tuesday through Thursday).

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:

$217,520 - $326,280

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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