Travelers Director, Actuarial & Analytics - Actuarial Product All Lines in Helena, Montana
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Job Description Summary
The Actuarial Product All Lines team is seeking a person with a high degree of curiosity and who is comfortable with ambiguity to fulfill a new, open-ended position that will primarily support the advancement of Business Insurance’s rate adequacy science. The aim is to take advantage of more advanced modeling to increase the sophistication of rate adequacy analytics and more effectively connect the rate adequacy and point-of-sale predictive modeling tools. Analyses will explore how point-of-sale predictive modeling tools can be leveraged in rate adequacy and the optimal level of granularity to provide profitability targets. Early emphasis will be on the Auto and CMP lines of business, and findings from these lines will be applied to other lines of business. This position will secondarily support the All Lines team and other areas, as appropriate.
The Director, Actuarial and Analytics is an analytic leadership role that is responsible for the implementation of a variety of actuarial/statistical techniques and analyses which may include reserving, rate making, pricing, planning/forecasting, project management and research. This role is expected to execute strategic and operational initiatives, drive change within assigned unit, provide analytical insights and recommendations to leadership and business partners, and share ownership of the business's financial results. The Director, 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 Broader awareness of enterprise Actuarial & Analytics community.
Primary Job Duties & Responsibilities
Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
Demonstrate effective execution and completion of assigned strategic initiatives and projects.
Regularly generate process improvements and explore opportunities for innovation.
Lead assigned unit strategic initiatives (narrow scope, limited and well defined) and cross-unit initiatives on a limited basis and is expected to participate in Enterprise initiatives on a limited basis.
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.
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.
Provide direction and review others' analytical work.
Translate business requests into analytical solutions.
Provide support as necessary for initiatives across the Enterprise within the scope of influence.
Communicates on a regular basis with staff, peers and business partners and on an occasional basis with senior leaders.
Tailors communication of analysis, project results, and other business initiatives to audience.
Communicates technical topics to non-technical audiences with limited guidance.
Leads group discussions with primary working group.
Creates formal written communication such as memos or presentations with limited guidance.
Able to influence and collaborate with peers and partners to take actions to enhance business outcomes.
Staff responsibilities are likely to include direct management of a small team of individual contributors.
Acquisition, retention, and development of talent for assigned unit.
Execute and communicate talent development processes, including performance and personal development goals.
Succession planning and talent assessment recommendations.
Support staff engagement cross Enterprise initiatives.
Mentor less experienced talent across the Enterprise.
Onboard new employees and interns in unit.
Support various training and skill development initiatives across Segment and the Enterprise.
May provide support for recruiting efforts and candidate talent assessment efforts.
Bachelor's Degree required.
Minimum of 4 years of experience performing quantitative analysis required.
Education, Work Experience, & Knowledge
College degree in STEM related field.
Associate Actuarial Credential preferred.
7+ years of quantitative analysis experience.
Strong understanding of insurance products and industry.
Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
Excellent communication, collaboration and relationship-building skills.
Ability to present and translate complex information in relevant business terms.
Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
Job Specific Technical Skills & Competencies
Begins to challenge conventional thinking.
Takes ownership of projects related to strategic initiatives and makes recommendations to influence business outcomes.
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 effectively leading team projects.
Initial development of Leading the Business, including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.
Has an in-depth understanding and knowledge of certain 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 and implementing analytic solutions.
Has a general perspective of the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.
Is familiar with other key business drivers and disciplines.
Proactively build and own professional business relationships across the Enterprise.
Generate and solicit ideas, and build consensus
Aware of potential conflict and address proactively.
Acknowledge accomplishments of others within your primary working group.
Set and manage expectations with business partners for large projects.
Understand diverse perspectives to effectively accomplish business goals.
Able to introduce innovative techniques to existing problems.
Independently perform and implement complex analytics.
Leads and actively engages in technical/peer reviews.
May offer technical consultative feedback.
Can assess various technical solutions to optimize analytical outcomes.
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 (TAPHYREQ@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.