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Travelers Sr. Manager, Actuarial & Analytics in Des Moines, Iowa

Company Summary

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.

Job Category

Actuarial

Target Openings

1

Job Description Summary

The Business Insurance (BI) Actuarial Product Auto team is looking for an individual to lead auto rate adequacy analysis across BI markets. This individual will perform annual/semi-annual rate adequacy process for current products and lead efforts to drive process efficiencies. Additionally, this person will play a key role to enhance the current methodology and potentially develop new ratemaking approaches for new auto product (TCAP). Besides traditional actuarial analyses, this position will have an opportunity to apply advanced multivariate modeling skills to assist with TCAP rate development and post-implementation monitoring. Other responsibilities in this role include ad-hoc profitability analyses such as hot spot detection and deep dive on pricing model effectiveness. This position will collaborate with BU actuarial, Loss Analytics, A&R, BCO and IM&A to solve business problems and influence business results.

The Sr. Manager, Actuarial and Analytics is an analytic leadership role that encompasses the management of assigned strategic initiatives and operational assignments which may include reserving, rate-making, pricing, planning/forecasting, project management and research. The individual in this role is expected to lead project teams of actuarial & analytic partners and provide analytical insights and recommendations to leadership and Business partners. The Sr. Manager, Actuarial and Analytics will work within broad limits and authority 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 Broad business knowledge In-depth Line of Business knowledge Awareness of enterprise Actuarial & Analytics community This role may act as a manager of a small team.

Primary Job Duties & Responsibilities

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.

Minimum Qualifications

  • Bachelors Degree or equivalent experience required.

  • 3 years of experience in quantitative analysis required.

Education, Work Experience, & Knowledge

  • College degree in STEM related field.

  • Associate Actuarial Credential preferred.

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

  • 5+ years of quantitative analysis experience preferred.

  • Strong understanding of insurance products and industry.

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

  • Management experience preferred.

Job Specific Technical Skills & Competencies

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.

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.

If you have 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.

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