Manager, Actuarial & Analytics – National Property Pricing

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. Imagine loving what you do and where you do it.

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

$106,300.00 – $175,400.00

Target Openings

1

What Is the Opportunity?

The Manager, Actuarial and Analytics is an analytic leadership role that encompasses the shared responsibility of project and strategic execution with actuarial, analytic and business partners, in addition to assigned operational assignments which may include rate-making, pricing, planning/forecasting, project management and research. The individual in this role is expected to be an influential member of project teams, providing analytical insights and recommendations to leadership and Business unit partners. The Manager, Actuarial and Analytics will work on complex assignments requiring specialized knowledge and expertise in breadth and/or depth in one or more of the following areas: Actuarial and/or research methods, Advanced statistical analyses, Solid business knowledge, Line of Business knowledge.

The National Property Manager will primarily be responsible for large account pricing, working in close partnership with the National Property Actuarial Team and Underwriting business partners to help support/drive business unit goals. This position requires inquisitiveness, creativity and adaptability. The successful candidate will be resourceful, a quick study with strong leadership drive and the ability to influence.

What Will You Do?

Strategy:

• This position will be responsible for property large account pricing and communication of results to underwriting business partners.
• Participate in account peer reviews to justify pricing decisions.
• Maintain data tools that support pricing and identify pricing tool enhancements to improve efficiency.
• Assist in studies to analyze business unit occupancy groups (Real Estate, Gov’t Services, Manufacturing, etc.) and recommend revisions to our pricing tool.
• Update the bi-annual study of National Property book experience and transfer results to a user friendly platform for actuarial consumption.
• Some monthly reporting responsibilities including Net (Controllable) Income Statement updates and maintenance of occupancy classifications to ensure accurate reporting. Share results with finance business partners.

• Propose change and innovation in order to improve project team performance and timelines.

Operational:

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.

• Support department initiatives.

• Make decisions independently in accordance with department practices.
• Raise business requests to manager as assist in creating 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 to peers and business partners.

• Communicates technical topics to non-technical audience within the primary working group with guidance from manager.

• Actively participates in group discussions at the unit level.

• Creates formal written communication such as memos or presentations with guidance and peer review.

• Networks and collaborates on ideas and challenges.

What Will Our Ideal Candidate Have?

• College degree in STEM related field.

• Associate Actuarial Credential preferred.

• Strong PC skills (MS Office) and programming skills (eg. SQL, SAS, Python). Python skills preferred.

• 4+ years of quantitative analysis experience preferred.

• Strong understanding of insurance products and industry.

• Demonstrated ability in actuarial and quantitative analysis and statistical concepts.

• Demonstrated ability to manage projects.

Leadership:

• Take ownership of assigned projects and meetings, make recommendations and presents results to business partners.

• Proficient in Leading Self, exhibiting self-awareness while also effectively managing ambiguity.

• Initial development of Leading Others, including mentoring/training team members.

• Initial development of Leading the Business, including actively supporting business goals and being a positive member of the Enterprise culture.

Business Acumen:

• Has an in-depth understanding and knowledge of a few basic 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 foundational perspective of the primary industry and developing trends such as: technology, analytic methodology, products and performance of competitors.

• Is familiar with a couple other key business drivers and disciplines.

Relationship Management:

• Proactively build and own professional business relationships across the BI&AA community across the Enterprise.

• Generate and solicit ideas, and begin to build consensus with guidance.

• Aware of potential conflict and begins to addresses with guidance.

• Begin to set and manage expectations with business partners for small projects.

Quantitative Analysis:

• Evaluate and use appropriate data, tools and methods.

• Able to perform analytics independently, can effectively plan next steps within analyses with little oversight.

• May perform technical review of team work product.

• Able to contribute on more complex analytical work with guidance.

What is a Must Have?

• Bachelors Degree or equivalent experience required.

• 2 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 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/.