Property Reserving Analyst - The Hartford (Hartford, CT) in Hartford, Connecticut For Sale

Title: Property Reserving Analyst
Location: United States-Connecticut-Hartford
Other Locations:
The candidate will be responsible to support loss reserving, provide analytics for the Property Claims organization, support the Subrogation and Special Investigative Units, and support actuarial in the transition to a new Claims handling system. Reserving support will include Catastrophe/non-Catastrophe reserving, and Unallocated Loss Adjustment Expense reserving including associated financial reporting and presentation of results to the Chief Reserving Actuary. The candidate will monitor the trends in the Property line-of-business, providing analytics and actionable explanation of key drivers of loss costs, effectively communicating these findings to Claims, other actuaries and business partners. The candidate will support the Claims organization working closely with Home Office and Field personnel to help the group evaluate business initiatives and identify information in the Claims data. The candidate will be required to work effectively with various business partners including Claims, Finance, Controllers, Predictive Modeling, Reinsurance Accounting, Legal and Actuarial is required.
Job Description:
· Analyze the Commercial Markets Non-Cat Property reserves and communicate results/findings to the Chief Reserving actuary and the segments.
· Support the Consumer and Commercial segments with analysis of loss cost trends to help them achieve target profitability levels. Communicate external economic (prices of goods/labor) and non-economic (weather) factors that may impact drivers of loss cost change.
· Advance support to the business segment by assisting in their desire to implement new product offerings.
· Support Property Claims department in maximizing effectiveness from a quality and expense perspective. Assist in carrying out analyses related to business initiatives.
· Continue to further understanding of weather patterns and maximize the effectiveness of property staffing resources in the event of major catastrophes. Also, further our science on claim and loss development patterns in catastrophes.
· Assist in projects/analyses that span multiple lines of business.
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Assist Subrogation areas to maximize recoveries in Auto, Property, Work Comp, and GL
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Assist SIU area to ensure we are appropriately mitigating fraud in the most effective way
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Calculate the Unallocated Loss Adjustment Expense annual reserve review
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Provide support to the claims department relative to the implementation of the new claims platform
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Financial reporting support for Reserve Reviews, Schedule P, 10-K, 10-Q as needed
Job requirements:
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Tier 8-9; 2 years of insurance experience preferred
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No exam requirement - students with equivalentexperience are encouraged to apply
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Strong relationship-buildingskills and project-management skills
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Creative thinking; Innovating; Brainstorming
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SAS proficiency a plus
Source: http://www.financialjobbank.com/job.asp?id=xxxxxxxx&aff=66D5D5DE-xxxx-xxxx-xxxx-xxxxE2E54B5B