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Travelers Sr. Manager, Actuarial and Analytics - Select CMP in Boston, Massachusetts

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Actuarial

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$108,600.00 - $179,100.00

Target Openings

1

What Is the Opportunity?

Small Commercial Analytics is seeking a highly motivated individual to join the innovative Select Business Unit actuarial team. This position will work alongside business partners to develop and manage profitability strategies for our sophisticated suite of small business products, including the new flagship BOP2.0 product.

This position will be the lead actuary for Property, GL, and Umbrella lines, and will provide significant support for CMP. Key business partners include Product Management, Underwriting, Actuarial Product, and Analytics & Research, and this role will work closely with these functions to achieve our strategic goals.

Core responsibilities include profitability analysis and pricing strategy for new and legacy products, strategic planning, and analytic support for Product Management and Underwriting functions. Additional responsibilities include communicating reserving and rate adequacy analyses to business partners, evaluating impacts of ROE or catastrophe model changes, and assisting with ad-hoc industry or regulatory initiatives.

This position will lead a team of two direct reports.

This position may be based 100% remotely or in one of our offices.

#LI-Remote

#LI-Hybrid

Primary Job Duties & Responsibilities

Strategy:

  • Hold a lead role in strategic planning as well as manage the successful execution and completion of assigned strategic initiatives and projects.

  • Develop solutions to resolve challenges of an initiative.

  • Propose change and innovation in order to improve project team performance and timelines.

  • This position will often participate on cross-unit initiatives and may participate on Enterprise initiatives.

Operational:

  • Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.

  • Drive day to day execution within unit. Support broad department initiatives.

  • Begin to promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.

  • Begin to make decisions independently in accordance with department practices.

  • Begin to provide direction and review others' analytical work.

  • Begin to translate business requests into analytical solutions.

  • Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

  • Communicates analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.

  • Communicates technical topics to non-technical audience with guidance from manager.

  • Actively participates and may lead group discussions.

  • Creates formal written communication such as memos or presentations with guidance.

  • Networks and collaborates on ideas and challenges.

Talent:

  • Staff responsibilities may include direct management of 1 to 2 individual contributors or interns.

  • Acquisition, retention, and development of talent for assigned unit.

  • Execute and communicate talent development processes, including performance and personal development goals.

  • Talent assessment recommendations.

  • Performance management.

  • Mentor less experienced talent across the Enterprise.

  • Onboard new employees and interns in unit.

  • Support various training and skill development initiatives across assigned Segment and the Enterprise.

  • May provide support for recruiting efforts and candidate talent assessment efforts.

Minimum Qualifications

  • Bachelors Degree or equivalent experience required.

  • 3 years of experience in quantitative analysis required.

Education, Work Experience, & Knowledge

  • College degree in STEM related field.

  • Associate Actuarial Credential preferred.

  • Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).

  • 5+ years of quantitative analysis experience preferred.

  • Strong understanding of insurance products and industry.

  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.

  • Management experience preferred.

Job Specific Technical Skills & Competencies

Leadership:

  • Take ownership of projects including initiating the project, drawing up the project plan, carrying out the action items and make recommendations.

  • Proficient in Leading Self, exhibiting decisiveness and self-awareness while also effectively managing ambiguity.

  • Initial development of Leading Others, including modeling the way for others and leading team projects.

  • Initial development of Leading the Business, including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.

Business Acumen:

  • Has an in-depth understanding and knowledge of a few key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.

  • Able to effectively utilize this business knowledge in developing analytic solutions.

  • Has a general perspective of certain areas of the industry and developing trends such as: technology, analytic methodology, products and performance of competitors.

  • Begins to be familiar with other key business drivers and discipline areas as well.

Relationship Management:

  • Proactively build and own professional business relationships across the BI&AA community across the Enterprise.

  • Generate and solicit ideas, and build consensus with guidance.

  • Aware of potential conflict and addresses with limited guidance.

  • Begin to acknowledge accomplishments of others within your primary working group.

  • Set and manage expectations with business partners for small projects.

Quantitative Analysis:

  • Evaluate and use appropriate data, tools and methods.

  • Independently perform and implement analytics.

  • May engage in technical/peer review.

  • Begin to design and able to contribute on more complex analytic work.

  • Begin to understand diverse perspectives to effectively accomplish business goals.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .

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