Director Actuarial & Analytics (Benchmark Reporting Lead)

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

$129,200.00 – $213,200.00

Target Openings

1

What Is the Opportunity?

This role sits within the Business Insurance (BI) Actuarial Product Cross-Lines Initiatives (CLI) team. The CLI team’s responsibilities and projects extend across lines, making it an “all lines” team. The CLI of the future is a growing team, different than the CLI of the past, and we need passionate team members to help PERFORM and TRANSFORM, with particular emphasis on TRANSFORMING THE PERFORM WITH VELOCITY.

The primary responsibility of this role is to lead the critical Middle Market benchmark reporting function. This includes monthly data validation, partnership with pricing circle on coding fixes and enhancements, creating monthly analysis files for BU actuarial to review, and executing key actuarial reports. The right candidate will possess an actuarial background on benchmarking and actuarial profitability reporting, strong technical skills to work with technical teams to resolve restatement engine fixes, and an understanding of the full end-to-end picture of pricing needs given how quickly the product and model landscape is changing.

This position has significant opportunity to influence other teams to bring more consistency across lines and markets, impact prioritization of fixes and enhancements, and modernize the current process, including exploration of new technology and processes.

What Will You Do?

Strategy:

• Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
• Demonstrate effective execution and completion of assigned strategic initiatives and projects.
• Regularly generate process improvements and explore opportunities for innovation.
• Lead assigned unit strategic initiatives and cross-unit initiatives on a limited basis.

Operational:

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Drive day-to-day execution within the unit. Support broad department initiatives.
• Promote efficiency across the primary working group, balancing additional effort against incremental lift gained from work.
• Begin to make decisions independently in accordance with department practices.
• Provide direction and review others’ analytical work.
• Translate business requests into analytical solutions.
• Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

• Communicates regularly with staff, peers and business partners and occasionally with senior leaders.
• Tailors communication of analysis, project results, and other business initiatives to the audience.
• Communicates technical topics to non-technical audiences with limited guidance.
• Leads group discussions with the primary working group.
• Creates formal written communication such as memos or presentations with limited guidance.
• Able to influence and collaborate with peers and partners to enhance business outcomes.

Talent:

• Staff responsibilities are likely to include direct management of a small team of individual contributors.
• Acquisition, retention, and development of talent for the assigned unit.
• Execute and communicate talent development processes, including performance and personal development goals.
• Succession planning and talent assessment recommendations.
• Performance management.
• Support staff engagement cross Enterprise initiatives.
• Mentor less experienced talent across the Enterprise.
• Onboard new employees and interns in the unit.
• Support various training and skill development initiatives across Segment and the Enterprise.
• May provide support for recruiting efforts and candidate talent assessment efforts.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• College degree in a STEM-related field.
• Associate Actuarial Credential preferred.
• 7+ years of quantitative analysis experience.
• Strong understanding of insurance products and industry.
• Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
• Management experience.
• Excellent communication, collaboration and relationship-building skills.
• Ability to present and translate complex information in relevant business terms.
• Strong PC skills (MS Office) and programming skills (e.g., SQL, SAS).

Leadership:

• Begins to challenge conventional thinking.
• Takes ownership of projects related to strategic initiatives and makes recommendations to influence business outcomes.
• Proficient in Leading Self, exhibiting decisiveness and self-awareness while effectively managing ambiguity.
• Initial development of Leading Others, including modeling the way for others and effectively leading team projects.
• Initial development of Leading the Business, including actively engaging in driving business results and promoting an Enterprise culture.

Business Acumen:

• Has an in-depth understanding and knowledge of key business drivers and disciplines such as underwriting, products, reinsurance, distribution, sales, operations, risk control, claims, and financials.
• Able to effectively utilize this business knowledge in developing and implementing analytic solutions.
• Has a general perspective of the industry and developing trends, including technology, analytic methodology, products, and performance of competitors.
• Is familiar with other key business drivers and disciplines.

Relationship Management:

• Proactively build and own professional business relationships across the Enterprise.
• Generate and solicit ideas, and build consensus.
• Aware of potential conflict and address proactively.
• Acknowledge accomplishments of others within your primary working group.
• Set and manage expectations with business partners for large projects.
• Understand diverse perspectives to effectively accomplish business goals.

Quantitative Analysis:

• Able to introduce innovative techniques to existing problems.
• Independently perform and implement complex analytics.
• Leads and actively engages in technical/peer reviews.
• May offer technical consultative feedback.
• Can assess various technical solutions to optimize analytical outcomes.

What is a Must Have?

• Bachelor’s Degree required.
• Minimum of 4 years of experience performing quantitative analysis required.

What Is in It for You?

• Health Insurance: Employees and their eligible family members are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

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.

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

Director, Actuarial & Analytics, Benchmark Reporting Lead

Job ID: R-43386

Job Category: Actuarial

Location: Hartford, CT

Additional Locations: Saint Paul, MN

Workplace Arrangement: Hybrid

Posted Date: March 25, 2025