AVP and Sr. Actuary - Loss Analytics

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

Actuarial, Data Analytics

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

$181,800.00 - $300,000.00

Target Openings

1

What Is the Opportunity?

When you work at Travelers, life’s most important moments become your life’s work. For 160 years, we have fulfilled our promise to secure, respect and care for our customers, communities, and coworkers. Every day, approximately 30,000 Travelers employees – from customer service to data science and beyond – work together to protect the things that matter and provide peace of mind to our customers.

Join Travelers as an AVP and Sr., Actuarial and Analytics in Loss Analytics, reporting to the Business Insurance Loss Analytics & Reserving Lead. This leadership role is pivotal in providing critical analysis for Business Insurance and the enterprise. We seek a collaborative thought leader and champion for the actuarial community, while bringing fresh perspectives to the role and to our organization.

Key Responsibilities:
- Lead a team of 14 in strategic vision development, strategy execution, and operational management.
- Maximize analytic strength, data, and tools to provide crucial business insights and protect Travelers’ balance sheet.
- Oversee loss reserving, trend analytics, planning, forecasting, and reporting for General Liability, Professional, Umbrella, and Specialty lines.
- Provide leadership and reserve estimate decision-making for complex claims issues, including but not limited to Asbestos, Environmental, Cumulative Injury, Talc, PFAS, Abuse, and Opioids.
- Conduct quarterly analysis, communicate results to senior management and business partners, ensure compliance with reserving methods and deadlines, and address all documentation and audit requirements.
- Collaborate with Business Insurance Analytics & Research to enhance data-driven decisions.

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. The successful candidate will enrich our culture and contribute to our goal of creating an inclusive environment.

What Will You Do?

Strategy:

• Develop organizational strategy and long-term vision.

• Develop industry-leading analytics, respond to changing external influences, advance reserving data and tool suite, enhance predictive capabilities, and provide complex claim reserving insights.

• Create an environment for the successful execution and completion of the entire strategic portfolio.

• Inspire change and innovation across the organization.

• Lead and advise on many enterprise-wide initiatives.

• Shape the direction of the organization by engaging and partnering with BI Finance, Business Units, BI Analytics & Research, BI Product Actuarial and other BIAA Senior leaders.  

• Be a thought leader in the actuarial & analytics field with a natural curiosity for leveraging leading-edge practices.

Operational:

• Ensure strategic alignment for optimal operational efficiency.

• Lead teams responsible for prior and current year reserve analysis, trend analytics, planning, forecasting, and reporting.

• Promote efficiency and influence appropriate resource investment across segment, balance additional effort against incremental lift gained from work.

• Prepare analytical foundations for future business needs.

Communication:

• Effectively communicate with and infl