Senior Director, Actuarial & Analytics - BI Actuarial Produc

at Travelers in Little Rock, Arkansas, United States

Job Description

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.

Job Category


Compensation Overview

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.

Salary Range

$129,600.00 – $213,800.00

Target Openings


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.

Sr Director, Actuarial & Analytics – BI Actuarial Product Liability: 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 Senior Director 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. It is a great opportunity for someone looking to provide a business perspective to our analytics development while thinking more broadly about how to enhance the overall value provided by the pricing analytics team. This high visibility work includes taking a lead role in developing these changes in partnership with peers in the other lines and others supporting the Benchmark portfolio of tools and metrics. The role will lead Benchmark advancements in coordination with other lines of business in Actuarial Product, as well as review and analyze the connections between rate adequacy and benchmark views of profitability. 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 Insurance Product team, as well as the business unit actuarial teams in support of line management. This is a leadership role that manages a small team of experienced actuaries, while also requiring hands on work in the analysis. Prior pricing analytics and/or data science experience is a plus.

Specific responsibilities include:

+ Lead and drive execution of several components of Liability Benchmark initiatives, including partnering with A&R on model development and enhancements and with technical teams to implement the models

+ Be a voice in overall Benchmark and pricing advancement efforts through partnership with peers in the other lines as well as involvement in Advancing the Science of Rate Adequacy (ASRA) efforts

+ Lead / Coordinate benchmark refresh and remodel efforts

+ Participate in work to reconcile rate adequacy with benchmark reporting results as needed

+ 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

Senior Director specific job responsibilities that would be most applicable in this position

+ Demonstrate effective execution and completion of assigned strategic initiatives and projects

+ Regularly generate process improvements and explore opportunities for innovation

+ Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately

+ Translate business requests into analytical solutions

+ Able to influence and collaborate with peers and partners to take actions to enhance business outcomes

+ Begins to challenge conventional thinking

+ Takes ownership of projects related to strategic initiatives and makes recommendations to influence business outcomes

+ Generate and solicit ideas, and build consensus

+ Able to introduce innovative techniques to existing problems

+ Independently perform and implement complex analytics

+ Leads and actively engages in technical/peer reviews

+ 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.

+ 8+ years of quantitative analysis experience.

+ Strong understanding of insurance products and industry.

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

+ Leadership experience.

+ Excellent communication, collaboration and relationship-building skills.

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

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

+ Leadership:

+ Begins to challenge conventional thinking.

+ Takes ownership of projects related to strategic initiatives and often makes independent recommendations to influence business outcomes.

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

+ Development of Leading Others including modeling the way for others and leading cross-unit 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 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 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.

+ Generate and solicit ideas, and drive consensus

+ Aware of potential conflict and address proactively.

+ Acknowledge accomplishments of others to broader organization.

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

+ Understand diverse perspectives to effectively accomplish business goals.

+ Quantitative Analysis:

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

+ Independently perform and implement complex analytics.

+ Leads and actively engages in technical/peer reviews.

+ Regularly offers technical consultative feedback.

+ Can assess various technical solutions to optimize analytical outcomes.

+ Occasionally recognizes emerging issues that require a quantitative solution within own portfolio of work.

What is a Must Have?

+ Bachelors De

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Job Posting: JC209719492

Posted On: Apr 08, 2022

Updated On: Jun 11, 2022