Director, Actuarial & Analytics - Commercial Auto Rate Adequacy

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?

Are you looking for opportunities to apply your actuarial and analytical skills to influence rate level decisions for industry leading commercial auto insurance products? We have an exciting role for you on the Business Insurance Actuarial Product Auto team! As a Director, Actuarial & Analytics, you will be leading rate adequacy analysis for both our new Travelers Commercial Auto product (TCAP) and for existing products, providing pricing indications to business units, and collaborating across functional teams to influence rate level decisions. Successful candidates would have strong critical thinking skills, understanding of actuarial rate adequacy methodology, problem solving and skills communicating technical concepts to a variety of business customers. ACAS or FCAS is preferred for this position. This position will have two direct reports.

Specific areas of responsibility include:
• Lead and communicate results for annual Plan and semi-annual Rate
Adequacy for Business Insurance Auto.
• Thought leader for actuarial methodology and assumptions used in Rate
Adequacy including leveraging predictive models to create multivariate
views of Rate Adequacy and optimizing the relationships between pricing
models and benchmark indications.
• Develop rate indications by product (TCAP/Travelers Express/Legacy) and
State.
• Accountable for TCAP base rates and Target Premium for product rollout,
anniversary filings, and benchmark.
• Respond to DOI objections related to rate level support.

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 per