Senior Manager Actuarial & Analytics

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

$117,200.00 – $193,400.00

Target Openings

1

What Is the Opportunity?

The Sr. Manager, Actuarial and Analytics is an analytic leadership role that encompasses the management of assigned strategic initiatives and operational assignments which may include reserving, rate-making, pricing, planning/forecasting, project management, and research. The individual in this role is expected to lead project teams of actuarial and analytic partners and provide analytical insights and recommendations to leadership and business partners.

The Sr. Manager, Actuarial and Analytics will work within broad limits and authority on complex assignments requiring specialized knowledge and expertise in one or more of the following areas: actuarial and/or research methods, advanced statistical analyses, broad business knowledge, in-depth line of business knowledge, and awareness of the enterprise actuarial and analytics community. This role may act as a manager of a small team.

This role within the Business Insurance Middle Market Commercial Accounts Group actuarial team will be our strategic lead for the Cyber line of business, providing analyses to home office and field partners to help optimize business execution. In addition to line lead responsibilities, this role will also have ownership over a suite of portfolio management tools, delivering actionable insights to the field leadership team. Other responsibilities include large account pricing, rate adequacy, rate plan management, and field training.

What Will You Do?

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 in cross-unit initiatives and may participate in enterprise initiatives.

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.
• 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:

• Communicate analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.
• Communicate technical topics to a non-technical audience with guidance from a manager.
• Actively participate and may lead group discussions.
• Create formal written communication such as memos or presentations with guidance.
• Network and collaborate 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 the assigned unit.
• Execute and communicate talent development processes, including performance and personal development goals.
• Provide talent assessment recommendations.
• Manage performance.
• Mentor less experienced talent across the enterprise.
• Onboard new employees and interns in the unit.
• Support various training and skill development initiatives across the assigned 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.
• Strong PC skills (MS Office) and programming skills (e.g., 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.

Leadership:

• Take ownership of projects including initiating the project, drawing up the project plan, carrying out the action items, and making recommendations.
• 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 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 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 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 address it 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 contribute to more complex analytic work.
• Begin to understand diverse perspectives to effectively accomplish business goals.

What is a Must Have?

• Bachelor's Degree or equivalent experience required.
• 3 years of experience in quantitative analysis required.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – 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 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.