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.
Actuarial, Data Analytics, Risk Control
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
$69,000.00 - $113,900.00
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At Travelers, we work to ensure our customers are covered when it matters most. To provide the best coverage possible, our Enterprise Catastrophe Risk Management team assesses the risk of financial loss due to natural and manmade catastrophes and risk reward analytics. As the Consultant, Catastrophe (CAT) Risk, you will contribute within the assigned team and on assigned projects, while developing your risk and insurance industry knowledge and building professional relationships across the enterprise.
What Will You Do?
- Support catastrophe risk evaluation focused in one or more of the following: CAT model framework including reinsurance, and/or performing risk reward analysis.
- Liaise with Enterprise Ceded Reinsurance on reinsurance terms and conditions and renewal changes
- Develop methodologies for modeling new types of reinsurance structures and incorporate them into the platform
- Configure the inputs accurately to reflect the reinsurance contract terms and coverage for use in corporate risk assessment
- Engage with the vendor on implementing enhancements to the reinsurance modeling platform as necessary
- Perform impact analyses to estimate the benefit of reinsurance on enterprise modeled losses
- Test and validate model version upgrades
- Prepare and validate data extracts for reinsurance renewals
- Provide reinsurance modeling support for various rating agency and Department of Insurance submissions
- Prepare exhibits and reports related to reinsurance terms and impacts
- Refresh basic analytical analyses to understand issues, identify cause/effect relationships and may identify and create process efficiencies within assignments
- Perform other duties as assigned
What Will Our Ideal Candidate Have?
- Bachelor’s degree or equivalent work experience strongly preferred
- One year of relevant analytics experience preferred
- General understanding of introductory level insurance/reinsurance concepts preferred
- Working knowledge of Microsoft Excel, Word, Outlook, SQL, statistical packages or other programs used to retrieve and analyze data
- Basic knowledge and understanding of catastrophe risk modeling components including model output and metrics
- Ability to proactively manage time and priorities
- Written and verbal communication skills with the ability to pay attention to detail and effectively covey information to peers
- Demonstrated ability to think through and resolve simple problems and offer recommendations on solutions to the manager
- Ability to work independently and as part of a team
What is a Must Have?
- Bachelor’s Degree in STEM (Science, Technology, Engineering, Mathematics), Business, or a related field.
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, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- 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.
Employment Practices
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.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific 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.