Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Actuarial
1
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, reinsurance, regulatory filings, cat modelling, ERM, 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
What Will You Do?
- Strategy:
- Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
- Foster an environment for effective execution and completion of assigned strategic initiatives and projects.
- Be a leader of change and innovation.
- This position will lead assigned unit strategic initiatives and cross-unit initiatives and is expected to participate in Enterprise initiatives.
- Operational:
- Perform and lead actuarial and analytic analyses to solve business problems and apply judgment appropriately.
- Drive day to day execution within unit. Drive broad department initiatives.
- Promote efficiency and identify appropriate resource needs across primary working group, balancing additional effort against incremental lift gained from work.
- Make decisions independently in accordance with Segment practices.
- Consistently provide direction and review others' analytical work.
- Translate ambiguous business needs into analytical solutions.
- Provide support as necessary for initiatives across the Enterprise within the scope of influence.
- Communication:
- Communicates on a regular basis with staff, peers, business partners, and often with senior leaders.
- Proficient at tailoring communication of analysis, project results, and other business initiatives to audience.
- Proficient at communicating technical topics to non-technical audiences.
- Leads group discussions with multiple disciplines or responsibility levels.
- Proficient at creating formal written communication such as memos or presentations.
- Influences and collaborates with peers and partners to take actions to enhance business outcomes.
- Talent:
- Staff responsibilities are likely to include direct management of a team of managers and individual contributors.
- Acquisition, retention, and development of talent for assigned unit.
- Execute, communicate, and influence standards for talent development processes, including performance and personal development goals.
- Succession planning and talent assessment recommendations.
- Performance management including workforce planning.
- Support staff engagement in cross Enterprise initiatives.
- Mentor less experienced talent across the Enterprise.
- Identify training and skill development needs across assigned Segment and the Enterprise.
- Support recruiting efforts and candidate talent assessment efforts across the Enterprise.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- University degree in STEM related field.
- Associate Actuarial Credential in both the CAS and CIA 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).
- 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.
What is a Must Have?
- Bachelors Degree or equivalent experience required.
- 7+ years of comprehensive quantitative analysis experience required.
- Project or people management experience required.
What Is in It for You?
- Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
- Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve 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.
Equal Employment Opportunity Statement
Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.
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.