Sr. Manager, Actuarial & Analytics Select WC Lead at Travelers

| Hartford, CT
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Company Summary

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

Job Description Summary

Company Information
When you work at Travelers, life's most important moments become your life's work. For 160 years, we have fulfilled our promise to secure, respect and care for our customers, communities and coworkers. Every day, approximately 30,000 Travelers employees - from customer service to data science and beyond - work together to protect the things that matter and provide peace of mind to our customers.

The Business Insurance Actuarial & Analytics (BIAA) Culture
In BIAA, we strive for an inclusive culture where everyone feels that they belong, can be authentic, are valued, respected, empowered and part of our success. We see strength in the uniqueness that each of us contributes to creating innovative data solutions to improve business outcomes. The successful candidate will enrich our culture and contribute to our goal of creating a more diverse, equitable and inclusive environment.

Job Profile Summary
The Sr. Manager, Actuarial & Analytics: Select WC Lead position provides actuarial support to Select business partners, primarily product management, underwriting, and leadership. Specific responsibilities include the review and communication of key actuarial analyses: rate adequacy, reserve reviews, performance measures, pricing/profitability reporting and plan. Other responsibilities include partnering to influence business strategies, support for pricing model enhancements and questions, business initiative impact analyses and post-monitoring, and ad-hoc analyses. This role is expected to drive efficiency in everyday processes and may provide fluid talent across the Small Commercial Actuarial team.

Primary Job Duties & Responsibilities
  • 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 on cross-unit initiatives and may participate on Enterprise initiatives.
  • 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.
  • Begin to 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.
  • Begin to provide direction and review others' analytical work.
  • Begin to translate business requests into analytical solutions.
  • Provide support as necessary for initiatives across the Enterprise within the scope of influence.
  • Communication:
  • Communicates analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.
  • Communicates technical topics to non-technical audience with guidance from manager.
  • Actively participates and may lead group discussions.
  • Creates formal written communication such as memos or presentations with guidance.
  • Networks and collaborates 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 assigned unit.
  • Execute and communicate talent development processes, including performance and personal development goals.
  • Talent assessment recommendations.
  • Performance management.
  • Mentor less experienced talent across the Enterprise.
  • Onboard new employees and interns in unit.
  • Support various training and skill development initiatives across assigned Segment and the Enterprise.
  • May provide support for recruiting efforts and candidate talent assessment efforts.

Minimum Qualifications
  • Bachelors Degree or equivalent experience required.
  • 3 years of experience in quantitative analysis required.

Education, Work Experience, & Knowledge
  • College degree in STEM related field.
  • Associate Actuarial Credential preferred.
  • Strong PC skills (MS Office) and programming skills (eg. 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.

Job Specific Technical Skills & Competencies
  • Leadership:
  • Take ownership of projects including initiating the project, drawing up the project plan, carrying out the action items and make recommendations.
  • Proficient in Leading Self, exhibiting decisiveness and self-awareness while also 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 a few key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, 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 addresses 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 able to contribute on more complex analytic work.
  • Begin to understand diverse perspectives to effectively accomplish business goals.

This role may be based 100% remotely or in one of our offices. #LI-Remote

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.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

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

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .
More Information on Travelers
Travelers operates in the Insurance industry. The company is located in New York, NY and Hartford, CT. Travelers was founded in 2022. It has 35118 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 211 open jobs at Travelers, click here.
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