Director, Actuarial & Analytics, Benchmark Reporting Lead

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

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

$129,200.00 - $213,200.00

Target Openings

1

What Is the Opportunity?

This role sits within the Business Insurance (BI) Actuarial Product Cross-Lines Initiatives (CLI) team--the CLI team's responsibilities and projects extend across lines--a so-called "all lines" team. The CLI of the future is a growing team, different than the CLI of the past, and we need passionate team members to help PERFORM and TRANSFORM--with particular emphasis on the TRANSFORMING THE PERFORM WITH VELOCITY.

The primary responsibility of this role is to lead the critical Middle Market benchmark reporting function. This includes monthly data validation, partnership with pricing circle on coding fixes and enhancements, creating monthly analysis files for BU actuarial to review, and executing key actuarial reports. The right candidate will possess an actuarial background on benchmarking and actuarial profitability reporting, strong technical skills to work with technical teams to resolve restatement engine fixes, and those who can understand the full end to end picture of pricing needs given how quickly the product and model landscape is changing. In addition, this position has significant opportunity to influence other teams to bring more consistency across lines and markets, impact prioritization of fixes and enhancements, and modernize the current process, including exploration of new technology and processes.

What Will You Do?

Strategy:

• Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
• Demonstrate effective execution and completion of assigned strategic initiatives and projects.
• Regularly generate process improvements and explore opportunities for innovation.
• Lead assigned unit strategic initiatives (narrow scope, limited and well defined) and cross-unit initiatives on a limited basis and is expected to participate in Enterprise initiatives on a limited basis.

Operational:

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Drive day to day execution within unit. Support broad department initiatives.
• Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
• Begin to make decisions independently in accordance with department practices.
• Provide direction and review others' analytical work.
• Translate business requests 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 and business partners and on an occasional basis with senior leaders.
• Tailors communication of analysis, project results, and other business initiatives to audience.
• Communicates technical topics to non-technical audiences with limited guidance.
• Leads group discussions with primary working group.
• Creates formal written communication such as memos or presentations with limited guidance.
• Able to influence and collaborate with peers and partners to take actions to enhance business outcomes.

Talent:

• Staff responsibilities are likely to include direct management of a small team of individual contributors.
• Acquisition, retention, and development of talent for assigned unit.
• Execute and communicate talent development processes, including performance and personal development goals.
• Succession planning and talent assessment recommendations.
• Performance management.
• Support staff engagement cross Enterprise initiatives.
• Mentor less experienced talent across the Enterprise.
• Onboard new empl