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AVP, Actuarial Product - CMP

at Travelers in Little Rock, Arkansas, United States

Job Description

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 AVP, Actuarial and Analytics is a senior analytic leadership role that encompasses strategy development & execution, operational, and talent responsibilities for assigned unit typically involved in reserving, rate-making, pricing, planning/forecasting, project management and research. The individual in this role is expected to drive change within department and influence leaders up to the VP level across multiple departments. The AVP, Actuarial and Analytics will work within broad limits and authority on complex initiatives requiring specialized knowledge and expertise in breadth and/or depth in several of the following areas: Actuarial and/or research methods Advanced statistical analyses Broad business knowledge In-depth Line of Business knowledge Broad awareness of enterprise Actuarial & Analytics community. The individual will lead a team of 6.

This role provides an opportunity to engage with senior leaders across both BIAA and Business Insurance. This high profile product rollout and enhancement initiative requires a fast-paced and fluid approach to project and team management, in collaboration with many functional areas. Come and join an exciting, dynamic team with an industry leading complex product!

This position may be based 100% remotely or in one of our offices.

Primary Job Duties & Responsibilities

+ Manage the rate plan of the flagship BOP 2.0 product, including base rate development and updates.

+ Manage the disruption analysis and work with Product Management teams on unique state strategies.

+ Partner with data architects, rating teams, Circle leads, IT, Regulatory, and others on implementing/maintaining new rates and/or coverages.

+ Rate adequacy lead for new and legacy CMP products, including leading the advancement of the science of rate adequacy.

+ Drive benchmark implementation and enhancement.

+ Lead strategic vision for product enhancements and maintenance.

Minimum Qualifications

+ Bachelors Degree or equivalent experience required.

+ 7+ years of comprehensive quantitative analysis experience required.

+ Project or people management experience required.

Education, Work Experience, & Knowledge

+ College degree in STEM related field.

+ Associate Actuarial Credential preferred.

+ Leadership experience.

+ 10+ years of quantitative analysis experience.

+ Strong understanding of insurance products and industry.

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

+ Exceptional influencing and/or consulting skills; able to build consensus among a diverse group of stakeholders.

+ Excellent communication skills with the ability to present and translate complex information to senior leadership and non-technical teams.

+ Strong PC skills (MS Office).

Job Specific Technical Skills & Competencies

Leadership:

+ Regularly challenges conventional thinking.

+ Takes ownership of projects/portfolios of projects and meetings and makes independent recommendations to influence business outcomes.

+ Proficient in Leading Self including exhibiting decisiveness and self-awareness while also effectively managing ambiguity.

+ Proficient in Leading Others including modeling the way for others and forging synergy.

+ 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 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 perspective on the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.

+ Is familiar with most other key business drivers and disciplines.

Relationship Management:

+ Proactively build and own professional business relationships across the Enterprise.

+ Create cross-functional teams to generate and solicit ideas, and drive consensus

+ Aware of potential conflict across the organization and address proactively.

+ Acknowledge accomplishments of others to broader organization.

+ Set and manage expectations with business partners for portfolio of projects.

+ Seek out diverse perspectives to effectively accomplish business goals.

Quantitative Analysis:

+ Able to introduce innovative techniques to both new and existing problems.

+ Leads and actively engages in technical/peer reviews.

+ Regularly offers technical consultative feedback.

+ Can assess various technical solutions to optimize analytical outcomes.

+ Consistently recognizes and solves for emerging issues that require a quantitative solution within functional area.

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 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.

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Job Posting: JC193170714

Posted On: Sep 24, 2021

Updated On: Oct 22, 2021