Talcott Financial Group is hiring: Retail Actuarial Consultant in Hartford

Connecticut Office, Hartford, Connecticut, United States of America

Job Description

Posted Monday, October 21, 2024 at 4:00 AM

Talcott Financial Group is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. Talcott creatively designs and expertly delivers responsive solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.

Talcott Financial Group has a proven track record of well-executed transactions, and the enterprise benefits from its strong financial position with over $127 billion in assets under management, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm.

Talcott Financial Group’s two core business platforms include: U.S. based Talcott Resolution and Bermuda and Cayman based Talcott Re.

Overview:

Talcott Financial Group is seeking an Actuarial Consultant to support retail pricing by building and running actuarial models in support of an annuity pricing framework.

• This position is required to be hybrid in our Bermuda; Hartford, CT; or Charlotte, NC office 3 days per week.
• When applying, please attach your SOA transcript.

About Talcott Financial Group’s Actuarial Student Program

Our program fosters leadership skills while supporting employees’ progress towards attainment of Fellowship with the Society of Actuaries (FSA). Employees within the Actuarial Student Program rotate across the company in roles of 12-18 months duration, affording diverse learning experiences and opportunities to take on impactful projects. Rotations cover all product lines and include actuarial functions such as Predictive Modeling, Pricing, Valuation, Asset Liability Management, Forecasting, Enterprise Risk Management, and Investment Management. The program is managed by a committee of actuarial leaders, including our Chief Actuary, that actively mentor and support students. Talcott looks towards the Actuarial Student Program for our next generation of Actuarial leaders.

Attaining Professional Designations

Students are expected to complete at least one component of the FSA pathway every 18 months. Program support includes:

• Covering the cost of exam fees, module fees, and study materials such as textbooks, study manuals, and online courses;
• Generous paid study time for exams and modules;
• A community of individuals studying together.

In addition to competitive company benefits, students receive raises for passing exams and first-time pass bonuses. Students that attain their ASA and FSA designations are also eligible for awards. Promotions are based on job performance and exam progress.

Career and Leadership Development

The Actuarial Student Program is committed to developing well-rounded Actuarial leaders. Many opportunities supplement rotational on-the-job training and technical knowledge gained through the FSA pathway. Opportunities include:

• Training courses focused on critical soft skills, such as business writing, negotiation techniques, and managerial skills;
• Student speaker series to develop presentation skills;
• Access to the Society of Actuaries’ webinars and events;
• Supporting our community through volunteer events.

Leadership roles for senior students are encouraged and include management, recruiting, interviewing, teaching courses, and representing Talcott at industry events.

Primary Responsibilities:

• Responsible for pricing and actuarial implementation of new annuity products (FIA, MYGA and FA) and riders (GMWB).
• Maintain and enhance the AXIS pricing model.
• Participate in the end-to-end actuarial pricing of annuity liabilities with a focus on building pricing/underwriting models for annuities and asset-intensive reinsurance products.
• Run new business models to report US Statutory, Economic Balance Sheet (EBS), and other reporting basis as required.
• Generate pricing metrics across products to inform leadership of profitability targets and risks associated with new business.
• Fulfill other roles and responsibilities as required to support the growth and evolution of overall enterprise and execution of key priorities.

Qualifications:

• Bachelor's degree in mathematics, statistics, actuarial science, or related field.
• Work experience or internships in insurance or finance, including involvement with actuarial valuation, modeling, or pricing work is strongly preferred.
• GGY AXIS modeling software experience is strongly preferred.
• Insightful knowledge of Fixed Indexed Annuities is strongly preferred.
• Demonstrated drive for continuous learning and growth.
• Strong work ethic, including the desire to take pride in and ownership of work products, and the willingness to “do what it takes” to meet critical objectives.
• Excellent verbal and written communication skills.
• Aptitude for learning technical software and coding skills, such as Excel, VBA, and R.
• Strong critical thinking, analytical, and problem-solving skills.
• Desire to continually improve processes while delivering timely and accurate results.
• Independence and ability to effectively manage priorities.

*Talcott Financial Group is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace and is committed to building inclusion and leveraging diversity. For more information regarding our Privacy Policy, please go to this link.