Director Actuarial & Analytics (BSI Cyber)

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.

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.

Salary Range

$129,200.00 – $213,200.00

Target Openings

1

What Is the Opportunity?

Bond & Specialty Insurance is seeking a highly motivated individual to play a key role in actuarial pricing for the Cyber business. The Director, Actuarial and Analytics position will work directly with business partners to drive profitable results and provide analytic insights to help set strategy for the business.

Specific responsibilities include rate plan development, rate adequacy, book monitoring, and supporting strategic initiatives such as the integration of Corvus Insurance. Key business partners in this role include Product Management, Risk Control, Claim, Research & Development, Business Intelligence & Analytics, IT, Regulatory, and Reserving.

This role will manage an Actuarial Leadership Development Program participant.

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.
• Drive day to day execution within unit. Support broad department initiatives.
• Promote efficiency across primary working group.
• 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.

Communication:

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

Talent:

• Staff responsibilities are likely to include direct management of a small team.
• Acquisition, retention, and development of talent for assigned unit.
• Execute and communicate talent development processes.
• Succession planning and talent assessment recommendations.
• Performance management.
• Support staff engagement initiatives.
• Mentor less experienced talent.
• Onboard new employees and interns in unit.
• Support various training and skill development initiatives.
• May provide support for recruiting efforts.

What Will Our Ideal Candidate Have?

• College degree in 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.
• 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.
• Proficient in Leading Self, exhibiting decisiveness and self-awareness.
• Initial development of Leading Others, including modeling the way for others.
• Initial development of Leading the Business, including actively engaging in driving business results.

Business Acumen:

• Has an in-depth understanding of key business drivers and disciplines.
• Able to effectively utilize this business knowledge in developing and implementing analytic solutions.
• Has a general perspective of the industry and developing trends.
• Is familiar with other key business drivers and disciplines.

Relationship Management:

• Proactively build and own professional business relationships.
• Generate and solicit ideas, and build consensus.
• Aware of potential conflict and address proactively.
• Acknowledge accomplishments of others.
• 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. 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.
• Volunteer Encouragement: We encourage our employees to get involved in the communities we serve.

Employment Practices

Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve.

We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace.