Travelers Insurance Company Manager, Actuarial & Analytics - BI Actuarial Product Liability Pricing in Des Moines, Iowa
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.
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.
$100,400.00 - $165,700.00
What Is the Opportunity?
In Business Insurance Actuarial and Analytics, we deliver tailored analytics and
innovative data science solutions that influence decisions and enable superior
results. We have 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 solutions and improving business outcomes. We are looking for someone who is excited to be a change agent and driven to provide Analytics Leadership as well as provide enhancements to the process through which our analytics are created and delivered.
This manager role is responsible for Liability Pricing Analytics in partnership with the Analytics and Research team, with a focus on continuous improvement in Benchmark price capabilities and creating layer and limit insights for Umbrella. It is a fantastic opportunity for someone looking to develop analytical skills while working on a low frequency high severity line. This role requires the ability to generate and solicit ideas and build consensus in a cross functional environment – collaborating with partners on other Actuarial Product teams, the Analytic and Research teams, the data delivery teams, the Business Capabilities Office team. Prior pricing analytics and/or data science experience is a plus.
What Will You Do?
Support several components of Liability Benchmark initiatives, including partnering with A&R on model development and enhancements and with technical teams to implement the models
Deliver insights on excess layer profitability and analysis of expected reinsurance recoveries
Participate in discussions regarding line management
Assist in executing directed strategy or recommending strategy to improve profitability
Assist in putting together recommendations for Business Insurance Leadership
Partner with BU Actuarial, BCO, BI A&R, and other lines in Actuarial Product to support the needs of the business
Support for the Annual Rate Adequacy Review
May manage an intern
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.
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.
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.
Networks and collaborates on ideas and challenges.
Mentor less experienced talent across the Enterprise.
Onboard new employees and interns in unit.
Influences partners in BCO as we work in partnership on Line Management
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).
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.
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.
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.
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.
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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.
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.
The Work Arrangement for this position is based on location.
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) 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/ .
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