The Hartford

Actuarial, Data Science Model Validation

The Hartford

full-time

Posted on:

Location Type: Hybrid

Location: HartfordConnecticutUnited States

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Salary

💰 $108,000 - $162,000 per year

Tech Stack

About the role

  • Perform model validations of critical models used across The Hartford’s functional areas and lines of business to ensure models are performing effectively and efficiently
  • Ensure model calculations are accurate and appropriate for intended use
  • Assess key data inputs and assumptions for accuracy and appropriateness
  • Review model outputs for accuracy and appropriate downstream usage
  • Deliver effective challenge to key modeling elements such as inputs, calculations, outputs, conceptual soundness, monitoring & controls, documentation, etc.
  • Identify findings and recommendations to mitigate model risk, compile clear, concise and well-structured model validation reports, perform in-depth assessments of model risk, perform governance accountabilities related to findings tracking, remediation testing, and validation
  • Build strong working relationships with key partners across the enterprise, including Data Science, Property & Casualty, Group Benefits, HIMCO, and a number of Corporate functions
  • Pro-actively stay informed of department initiatives, deliverables, and reporting
  • Assist in improving The Hartford’s Model Risk Management function, by monitoring external environment, implementing best practices, recommending process improvements, and evolving standards/guidelines

Requirements

  • Advanced degree in Statistics, Applied Mathematics, Actuarial Science, Computational Science, Quantitative Economics, Engineering, or similar applied analytical field
  • 5+ years of P&C, Group, Life or related insurance product experience
  • ACAS/ASA or FCAS/FSA designation and/or CFA preferred
  • Familiarity with different programming languages/technology platforms including Python, R, SAS/SQL, Excel/VBA
  • Practical experience with predictive modeling/data science techniques
  • Demonstrated experience and consistency in meeting deadlines while adapting to shifting priorities
  • Strong analytical, critical and investigative thinking skills
  • Solid verbal communication, listening, influencing, and written communication skills
  • Ability to act independently with little direction, proactive self-directed accountability
  • Solution oriented creativity and innovative thinking.
Benefits
  • short-term or annual bonuses
  • long-term incentives
  • on-the-spot recognition
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
model validationpredictive modelingdata analysisstatistical analysisquantitative analysisrisk assessmentmodel risk managementdata input assessmentmodel output reviewdocumentation
Soft Skills
analytical thinkingcritical thinkinginvestigative thinkingverbal communicationwritten communicationinfluencingrelationship buildingproactive accountabilitysolution-oriented creativityadaptability
Certifications
ACASASAFCASFSACFA