Manager, Actuarial & Analytics – PI Catastrophe Reserving

Travelers • Hartford, AR

20h

About The Position

Personal Insurance is looking for an analytical and highly motivated individual to join our Reserving team! This position will be responsible for catastrophe loss estimates, including advancing our analytical toolkit. Strong critical thinking skills, ability to work independently, solid technical skills and clear, concise communication are key attributes of a successful candidate. An ideal candidate is one who excels at delivering impactful results across diverse timelines—from exciting fast-paced estimates to strategic long-term projects. This position communicates and collaborates with many business functions and partners, such as Claim, Corporate Actuarial, Finance, and Reinsurance. This role will influence others within the Personal Insurance Reserving team as well as business partners, including Personal Insurance Risk Management and Enterprise Catastrophe.

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 reserving, 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

Requirements

• College degree in STEM related field.
• Associate Actuarial Credential.
• Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
• 4+ years of quantitative analysis experience.
• Strong understanding of insurance products and industry.
• Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
• Demonstrated ability to manage projects.
• 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.
• Proactively build and own professional business relationships across the BI&AA community across the Enterprise.
• 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.
• Bachelor's Degree or equivalent experience.
• 2 years of experience in quantitative analysis.

Responsibilities

• Analyze catastrophe losses for both current quarter and prior periods
• Build and enhance analytical tools that strengthen our estimation and monitoring capabilities, including exploration of new estimation techniques
• Ownership of catastrophe related reporting deliverables
• Partner with Claim, Corporate Actuarial, Finance, Reinsurance, and PI Risk Management teams
• Participate in a lead role in 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.
• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Support and drive components of unit initiatives.
• Begin to support broad department initiatives.
• Take accountability for process efficiencies within assignments.
• Begin to make proposals in accordance with department practices.
• Provide support as necessary for initiatives across the Enterprise within the scope of influence.
• 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 and may lead 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.
• Retention and development of assigned staff.
• 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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager