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 170 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.
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$120,400.00 - $198,700.00This position will provide actuarial support for our Professional Liability (PL) Business Unit, which provides Errors & Omissions (E&O) coverage for key strategic business segments. In this role, you will have the chance to partner directly with underwriting and business partners to drive profitable results through development of rate plans and providing analytic insights to help set strategy for the business.
Support of the PL products involves assessing coverage profitability through rate adequacy analysis, rate reviews, and other ad hoc analysis, along with rate filings and other analyses to facilitate strategy implementation. A high level of engagement with Product Management and Business Unit partners is a key component of success in this role.
Other key partners in this role will include Research & Development, Business Intelligence & Analytics, IT, Regulatory, and Reserving.
of a small team.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 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.
- Perform other duties as assigned.
- College degree in STEM related field.
- Associate Actuarial Credential.
- Strong PC skills (MS Office) and programming skills (eg.
- SQL, SAS).
- 5+ years of quantitative analysis experience.
- Strong understanding of insurance products and industry.
- Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
- Management experience.
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.
What is a Must Have?
- Bachelor's Degree or equivalent experience.
- 3 years of experience in quantitative analysis.
- 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.
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.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
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/.
Skills Required
- Bachelor’s degree or equivalent experience
- At least 3 years of quantitative analysis experience
- College degree in a STEM-related field
- Associate Actuarial Credential
- Strong PC skills, including Microsoft Office
- Programming skills such as SQL and SAS
- At least 5 years of quantitative analysis experience
- Strong understanding of insurance products and the insurance industry
- Experience with actuarial and quantitative analysis and statistical concepts
- Management experience
Travelers Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Travelers and has not been reviewed or approved by Travelers.
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Retirement Support — Feedback suggests total rewards are bolstered by a 401(k) match, a company‑funded pension, and a program that contributes to retirement savings when employees make student‑loan payments. These elements are consistently portrayed as standout strengths of the package.
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Leave & Time Off Breadth — Feedback suggests time off is generous from the start, with substantial PTO, paid holidays, and the option to purchase additional days. Defined leaves such as short‑term disability and bereavement further enhance perceived flexibility.
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Healthcare Strength — Feedback suggests medical, dental, and vision coverage is comprehensive, with multiple plan choices, HSAs/FSAs, and robust mental‑health and wellness resources. Day‑one eligibility and added programs like caregiver support and specialty care navigation reinforce depth.
Travelers Insights
What We Do
Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 165 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other. Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers. Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount. By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.
