Actuary

• Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
• Demonstrate effective execution and completion of assigned strategic initiatives and projects.
• Generate and advocate for process improvements and actively propel innovation in alignment with existing strategy.
• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Drive day to day execution within unit.
• Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
• Make decisions independently in accordance with department practices.
• Consistently provide direction and review others' analytical work.
• Communicate on a regular basis with staff, peers and business partners and on an occasional basis with senior leaders.
• Tailor communication of analysis, project results, and other business initiatives to audience.
• Staff responsibilities are likely to include direct management of a small team of individual contributors.
• Execute and communicate talent development processes, including performance and personal development goals.

Senior Director, Actuarial & Analytics – Cross-Line Initiatives

• Support the identification, assessment, and management of model risk across the organization
• Ensure that models and assumptions used for pricing, reserving, capital, and risk management are appropriately governed, documented, challenged, approved, monitored, and reviewed
• Maintain and administer the company’s model governance and assumption governance frameworks in alignment with regulatory requirements and industry best practices
• Identify, assess, monitor and report on model risk within the company’s enterprise risk management framework
• Perform independent validations of actuarial and financial models
• Lead the annual review of model risk rating classifications
• Collaborate with actuarial, finance, underwriting, and risk teams to embed model risk awareness

Model Risk Actuary

• Perform detailed actuarial and financial analyses to evaluate the impact of various data and discount methodologies on UDS submissions.
• Conduct both ad hoc and recurring studies of discount impact and reporting approaches to support strategic decision-making and maximize competitive positioning within the market.
• Provide insights and recommendations on data submission strategies based on changing market dynamics, regulatory requirements, and competitor practices.
• Partner with Data Science, Underwriting, Product, and business stakeholders to translate program outcomes, ROI studies, and engagement metrics into measurable and achievable guarantee structures.
• Develop performance targets, payout methodologies, and guarantee frameworks that appropriately balance market competitiveness and financial risk.
• Own and maintain the Medical Management savings modeling tools used by Underwriting and Product teams.

Senior Manager, Actuarial – Self Insured Discount Team

• lead key pricing and analytics work within a cross-functional team
• develop and monitor predictive models
• evaluate rate adequacy across states and segments
• lead rate indications and pricing studies to inform renewal strategy and multi-state price updates
• assess retention, conversion, and price elasticity
• conduct pre- and post-implementation impact analyses
• recommend course corrections as needed
• support data mapping, exploration and modeling projects
• drive process improvements through data and automation
• provide technical leadership through mentoring, governance, and clear communication to technical and non-technical stakeholders
• present findings and recommendations to senior leadership

Lead Actuarial Analyst

• Develop organizational strategy and long term vision.
• Influence and communicate strategic portfolio recommendations to senior leaders at the Enterprise level.
• Create environment for the successful execution and completion of entire strategic portfolio.
• Be a leader of change and innovation across the organization.
• Approve decisions resulting from team’s actuarial and analytic analyses.
• Empower day to day execution within department.
• Consistently drive broad department initiatives.
• Promote efficiency and influence appropriate resource investment across Segment, balance additional effort against incremental lift gained from work.
• Make decisions independently in accordance with Enterprise practices.
• Prepare analytical foundations for future business needs.
• Communicate on a regular basis with staff, peers, business partners, and senior leaders.
• Tailor communication of analysis, project results, and other business initiatives to audience.
• Lead group discussions with multiple disciplines or responsibility levels, including senior leader.
• Proactively build, own, and leverage business relationships across the Enterprise.
• Encourage cross-functional teams to allow for sharing of ideas across the Enterprise.
• Mentor less experienced talent across the Enterprise.

VP, Actuarial and Analytics – Personal Insurance

• Research and develop new methods for insurance rating and loss reserving
• Prepare and coordinate analyses of rate and statistical filings for submission to regulatory and insurance agencies
• Serve as project leader for relatively complex projects and studies
• Perform GLM and other statistical techniques to enhance rating algorithms
• Provide filing support, product performance monitoring, and business insights
• Update and maintain loss cost modeling data sets

Actuarial Analyst IV, Pricing Design

• Lead quarterly and annual reserve analyses for multiple P&C lines of business.
• Evaluate reserve adequacy and analyze loss development trends.
• Prepare reserve recommendations and support statutory and management reporting.
• Collaborate with external actuaries on reserve studies, actuarial reviews, and reporting requirements.
• Partner with Claims, Underwriting, and Finance teams to identify emerging trends and assess business impacts.
• Maintain and enhance reserving models, methodologies, and supporting documentation.
• Train and mentor Financial Analysts on actuarial reserving techniques and best practices.
• Support audits, regulatory reviews, and actuarial reporting requirements.
• Identify opportunities for process improvement and automation within the reserving function.

Manager – Actuarial Reserving

• Supports Aetna's Large Group Commercial Self-Insured Business
• Aids in explaining Aetna's value proposition on medical cost savings to prospects and customers
• Communicates analyses to others regarding tracking trend and program evaluations
• Maintains a repricing database.

Senior Analyst, Actuarial

• The program is multi-faceted and offers a combination of actuarial and business development as key partners in determining risks and rewards for the company.
• Other program components include exam support, training, formal mentoring, and networking with dedicated career guidance throughout the time in program.
• Please note that occasional travel for business meetings and events is an expectation of program participants.
• To help prepare for these roles, the ALDP provides participants with challenging rotational assignments in varied core actuarial and analytic functions across the Travelers organization which may include:
• Pricing and Ratemaking
• Reserving
• Claim Risk Analysis
• Product Management
• Corporate/Enterprise Data Science
• STRATEGY - Recommend and execute solutions for assigned project sub-components to resolve challenges of an initiative.
• Execute work thoughtfully and efficiently as a team member to improve project team performance and timelines.
• May participate on strategic projects with execution responsibility for assigned project sub-components.
• May participate on cross-unit initiatives.
• OPERATIONAL – Refresh basic actuarial and analytic analyses with supervision. Support unit initiatives. Provide support as necessary for initiatives across the Enterprise within the scope of influence.
• May identify and create process efficiencies within assignments.
• COMMUNICATION – Communicate progress, findings and results to manager and key partners. Communicate technical topics and findings to primary working group. Understand actuarial, analytical and financial discussions and participate in the conversation during meetings. Provide formal written communication such as memos or presentations with supervision and support.
• TALENT – Support various training and skill development initiatives across rotational assignment. May be a mentor, manager or resource for less experienced analytic talent within rotation assignment.

Actuarial Leadership Development Program – Participant

• The goal of the Actuarial Leadership Development Program (ALDP) internship is to attract and develop self-motivated individuals who are highly skilled and passionate about a career in actuarial while providing a foundation for future success within the organization.
• As an ALDP intern, you will be exposed to a challenging actuarial professional work experience with planned activities giving you insight into business and the many actuarial career options at Travelers.
• With many company-wide events such as Intern Symposium and community outreach events, you will have the opportunity to interact and network with many levels of leadership and management.
• You may have an opportunity to work together with fellow interns to develop and present solutions to relevant business and actuarial topics.
• Perform other duties as assigned.

Actuarial Leadership Development Program Intern

• Assist with the Arch Quarterly Reserving process (i.e. Arch reserve analyses and reports, including discussions with claims, underwriters, senior management, and outside consultants and auditors)
• Assist with and/or lead the development of new reserving techniques, as well as new ways to examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management
• Assist with and/or lead quarterly in-depth analysis for several business divisions, the discussions around assumptions and uncertainty, including presentation to executives, development of ongoing forecast process together with input on trend and plan projections
• Collaborate closely with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner
• Assist with GAAP and SAP Financial Reporting (e.g. actuarial opinions, actuarial reports, statutory statements, and 10-Q/K reporting)
• Assist in developing a discussion supporting the quarterly result and the drivers behind it
• Assist with Quarterly Underwriting Year, NPV, and ROE analyses.

Actuarial Director, Reserving

• managing client projects that focus on employers’ health benefits strategies, including financial projections, carrier selection, plan design optimization, employee contribution setting, IBNP valuations, benchmarking, well-being initiatives, and renewal negotiations
• create client deliverables
• provide direction to junior analysts
• serve as a financial client contact
• present deliverables to clients in partnership with senior members of client teams

Health Actuary – Analyst III

• managing client projects that focus on employers’ health benefits strategies, including financial projections, carrier selection, plan design optimization, employee contribution setting, IBNP valuations, benchmarking, well-being initiatives, and renewal negotiations
• create client deliverables, provide direction to junior analysts, serve as a financial client contact, and present deliverables to clients in partnership with senior members of client teams

Health and Benefits Actuary – Analyst III

• Provide senior financial leadership for PBS 3.0
• Own the PBS 3.0 financial strategy and value case
• Establish and enforce economic guardrails
• Own pricing, monetization, and economics analysis
• Partner with Pricing, Underwriting, and FP&A on funding type-level analysis
• Translate complex financial analyses into clear executive-level narratives
• Support executive governance forums and risk escalation

Senior Director, Actuarial – Financial Strategy & Economics

• Provide actuarial support to the P&C Programs Insurance Business Unit.
• Lead a team of actuaries to partner with business to deliver actuarial insights, develop actionable strategies, monitor executions and leading indicators to assess business health.
• Review products by applying actuarial concepts and techniques to determine portfolio profitability; analyzing and digging into detailed segmentations.
• Monitor portfolio rate change, pricing adequacy and underwriting mix change on new and renewal business to guide Program Managers and make informed decisions.
• Conduct analyses and research to improve pricing parameters, methodologies and segmentations to better identify profitable opportunities.
• Provide actuarial premium recommendation on large new and renewal accounts.
• Design, program, and maintain critical tools used in pricing, and book monitoring.
• Our actuaries and predictive modeling teams work closely together to deploy advanced analytics and automation tools to help our businesses underwrite more profitably.

Director, Actuary

• Pricing support for PI Home rate indications that project rate needed to achieve a 15% return on equity
• Conducting comprehensive analyses using both internal and external data sources
• Evaluating loss development factors, forecasting loss and premium trends, and assessing current and projected expense ratios, among other key elements
• Additional support for Trend analysis to inform business decisions across multiple teams within Personal Insurance
• Understanding of modeling done by ERM for CATs and Risk and Profitability for BMP to use results in indications work noted above
• Develop and analyze internal and external monitoring reports serving as leading indicators to possible changes in rate indications
• Present findings and recommendations to teammates and business partners to guide future decisions

Actuarial Personal Insurance Reserving

• Lead a team supporting the Reinsurance unit
• Manage direct reports who analyze data, assess risk, and prepare financial reporting
• Develop estimates for financial reporting, forecasting, and ongoing business monitoring
• Prepare and present reports and other deliverables that communicate results, insights, and recommendations to leadership and stakeholders
• Conduct scenario testing, risk assessments, and analytical reviews to support financial analysis and business decision-making
• Collaborate with Finance, IT, and external partners to support operational initiatives and resolve business issues
• Ensure compliance with regulatory requirements and internal governance standards
• Lead the development and enhancement of actuarial models used for reserving, forecasting, and business analysis

Actuarial Manager

• Conducts analysis, pricing and risk assessment to estimate financial outcomes.
• Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in health with a focus on dental plans.
• Develops probability tables based on analysis of statistical data and other pertinent information.
• Gaining exposure to some of the complex tasks within the job function.
• Occasionally assists with modeling, identifies appropriate data sources, conducts analysis

Actuarial Analyst

• Provide actuarial leadership and oversight for DCS pricing activities, including rate reviews, underwriting, and annual pricing submissions.
• Establish and maintain actuarial standards, pricing frameworks, and governance processes.
• Review, approve, and recommend rate actions, pricing assumptions, and risk positions.
• Own actuarial evaluation of margin performance and profitability drivers.
• Ensure pricing strategies and rate execution are aligned with target margins and durable growth goals.
• Identify emerging risks and develop mitigation strategies in partnership with Business Leads, Finance and Underwriting.
• Assess and manage the financial and pricing implications of federal and state regulatory changes impacting Commercial Pharmacy and Mental Health Parity.
• Oversee intercompany pharmacy pricing discussions and work with both Caremark and Aetna IBU teams to ensure pharmacy value is effectively deployed for Fully Insured, AFA and integrated ASC business.
• Lead and mentor a multi-disciplinary team, fostering organizational agility and development.

Actuary jobs in Connecticut

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Senior Director, Actuarial & Analytics – Cross-Line Initiatives

Model Risk Actuary

Senior Manager, Actuarial – Self Insured Discount Team

Lead Actuarial Analyst

VP, Actuarial and Analytics – Personal Insurance

Actuarial Analyst IV, Pricing Design

Manager – Actuarial Reserving

Senior Analyst, Actuarial

Actuarial Leadership Development Program – Participant

Actuarial Leadership Development Program Intern

Actuarial Director, Reserving

Health Actuary – Analyst III

Health and Benefits Actuary – Analyst III

Senior Director, Actuarial – Financial Strategy & Economics

Health Actuary – Analyst III

Director, Actuary

Actuarial Personal Insurance Reserving

Actuarial Manager

Actuarial Analyst

AVP, Commercial Specialty Actuarial & Underwriting