Reserving Actuary

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.

Target Openings

1

What Is the Opportunity?

We are seeking a Reserving Actuary to be based in London, Redhill, or Dublin office. The ideal candidate will have some prior working experience within an actuarial role and be either part-qualified, nearly qualified or newly qualified.

This role is focused on both project leadership and strategic collaboration with actuarial, analytics, and business teams. It involves a combination of operational responsibilities such as reserving, regulatory reporting, and planning/forecasting.

The successful candidate will be a key contributor to project teams, offering analytical insights and recommendations to leadership and business units. This position handles complex tasks requiring expertise in actuarial methods, advanced statistical analysis, and solid business acumen.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis. This entails full-time employees working three days a week in the office and two days at home (or pro rata for part-time employees).

This role is eligible for a £2500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

Strategy:

• Participate in a lead role in 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 Europe and Enterprise initiatives.

Operational:

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Support and drive components of unit initiatives. Begin to support broad department initiatives.
• Take accountability for process efficiencies within assignments.
• Begin to make proposals in accordance with department practices.
• Provide support as necessary for initiatives within Europe or across the Enterprise within the scope of influence.

Communication:

• Communicates analysis, project results, and other business initiatives to peers and business partners.
• Communicates technical topics to non-technical audience within the primary working group with guidance from manager.
• Actively participates and may lead group discussions at the unit level.
• Creates formal written communication such as memos or presentations with guidance and peer review.
• Networks and collaborates on ideas and challenges.

Talent:

• Retention and development of assigned staff.
• Execute and communicate talent development processes, including performance and personal development goals.
• Talent assessment recommendations.
• Performance management.
• Mentor less experienced talent within Europe or across the Enterprise.
• Onboard new employees and interns in unit.
• Support various training and skill development initiatives across assigned Segment, Europe and the Enterprise.
• May provide support for recruiting efforts and candidate talent assessment efforts.
• Perform other duties as assigned.

Be Committed, Be Connected, Be Creative and Be Energised – these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work.

To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.

What Will Our Ideal Candidate Have?

• Working towards Actuarial qualification or recently qualified.
• University degree in STEM related field.
• Strong PC skills (MS Office) and programming skills (e.g. SQL, SAS).
• Strong understanding of insurance products and industry.
• Demonstrable ability in actuarial and quantitative analysis and statistical concepts.

Leadership:

• Take ownership of assigned projects and meetings, make recommendations and present results to business partners.
• Proficient in Leading Self, exhibiting self-awareness while also effectively managing ambiguity.
• Initial development of Leading Others, including mentoring/training team members.
• Initial development of Leading the Business, including actively supporting business goals and being a positive member of the Enterprise culture.

Business Acumen:

• Has an in-depth understanding and knowledge of a few basic business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
• Able to effectively utilise this business knowledge in developing analytic solutions.
• Has a foundational perspective of the primary industry and developing trends such as: technology, analytic methodology, products and performance of competitors.
• Is familiar with a couple other key business drivers and disciplines.

Relationship Management:

• Proactively build and own professional business relationships across the BI&AA community across the Enterprise.
• Generate and solicit ideas, and begin to build consensus with guidance.
• Aware of potential conflict and begins to address with guidance.
• Begin to set and manage expectations with business partners for small projects.

Quantitative Analysis:

• Evaluate and use appropriate data, tools and methods.
• Able to perform analytics independently, can effectively plan next steps within analyses with little oversight.
• May perform technical review of team work product.
• Able to contribute on more complex analytical work with guidance.

What is a Must Have?

• Bachelors Degree or equivalent experience required.
• Demonstrable experience in quantitative analysis required.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.

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.