Director Actuarial & Analytics

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. 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?

Are you looking for opportunities to apply your actuarial and analytical skills to influence industry leading product development and innovation? We have an exciting role for you on the Business Insurance Actuarial Product Auto team!

As a Director of Actuarial & Analytics, you will lead commercial auto initiatives, leverage your technical expertise, and drive innovative projects focused on enhancing and modernizing existing products and tools.

You will serve as a subject matter expert on BI Auto while leading the implementation of product enhancements, pricing tool development, and analytical initiatives. This role will frequently collaborate with the analytics and research team, as well as product and filing teams. This position will have one direct report.

The Director, Actuarial and Analytics is responsible for the implementation of a variety of actuarial/statistical techniques and analyses which may include reserving, rate making, pricing, planning/forecasting, project management and research.

This role is expected to execute strategic and operational initiatives, drive change within assigned unit, provide analytical insights and recommendations to leadership and business partners, and share ownership of the business’s financial results.

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 unit. Support broad department initiatives.
• 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.
• 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 audience.
• Communicates technical topics to non-technical audiences with limited guidance.
• Leads group discussions with 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 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 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 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.

Business Acumen:

• Has an in-depth understanding and knowledge of certain 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 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.
• 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.
• 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 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, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.