Manager, Actuarial Product Specialty

Travelers•Hartford, CT

About The Position

Business Insurance Actuarial Product – Specialty is seeking an analytical and highly motivated Manager to support our Product and Platform Modernization (PPM) actuarial deliverables across Specialty lines, including Inland Marine, Ocean Marine, and Boiler & Machinery. This role plays a central part in our ongoing modernization journey, building on the recent launch of Travelers Contractors Equipment (CE) on Guidewire, Travelers' first BI specialty line on the new platform. Key responsibilities include rate plan development and build for current and future PPM products, post-monitoring design and execution, compliance documentation and rating table validation, and contributions to restatement and benchmark capabilities. The role partners closely with Product Management, Product Development, Rating Technology (BIRT/Ratabase), Underwriting, the Pricing Circle, and our Strategy, Planning & Execution (SP&E) delivery teams on rate plan implementation. Strong technical and analytical skills, sound judgment, clear and concise communication, and a willingness to leverage new tools, including AI, to deliver smarter, faster results are key attributes of a successful candidate.

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.
Bachelor's Degree or equivalent experience.
2 years of experience in quantitative analysis.

Nice To Haves

Willingness to leverage new tools, including AI, to deliver smarter, faster results are key attributes of a successful candidate.
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.
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.

Responsibilities

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.
Support broad department initiatives.
Take accountability for process efficiencies within assignments.
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.
Take ownership of assigned projects and meetings, make recommendations and presents results to business partners.
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.
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.