Actuarial Leadership Development Program (ALDP) Participant

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

$69,000.00 - $113,900.00

Target Openings

10

What Is the Opportunity?

Innovative thinking, creative problem-solving, and a determination to challenge the status-quo. These are some of the defining qualities for participants of our Actuarial Leadership Development Program (ALDP). This five-year rotational program is designed to grow and develop your actuarial and self-leadership skills.

Each rotation will consist of a combination of hands-on experience, access to a robust actuarial training curriculum, exam study support and a formal mentoring program to prepare you for a dynamic career. You will have the opportunity to explore multiple functions of the business while learning from different leaders within Travelers.

As an Actuarial LDP consultant, you will model the way for others and set a personal example of what is expected. You will be expected to positively challenge processes and identify new and innovative ways to get work done more effectively and efficiently.

You will be expected to take initiative, embrace change, actively listen to and support diverse points of view and celebrate the success of others.

If this is more than you imagined in a career in insurance, we encourage you to join us at Travelers.

Graduates of the program will be prepared to handle a variety of actuarial roles with increasing leadership opportunities to meet evolving business needs.

What Will You Do?

• The program is multi-faceted and offers a combination of actuarial and business development as key partners in determining risks and rewards for the company. Other program components include exam support, training, formal mentoring, networking with dedicated career guidance throughout the time in program. To help prepare for these roles, the ALDP provides participants with challenging rotational assignments in varied core actuarial and analytic functions across the Travelers organization which may include:
• Pricing and Ratemaking
• Reserving
• Claim
• Risk Analysis
• Product Management
• Corporate/Enterprise
• Data Science

STRATEGY -

• Recommend and execute solutions for assigned project sub-components to resolve challenges of an initiative.
• Execute work thoughtfully and efficiently as a team member to improve project team performance and timelines.
• May participate on strategic projects with execution responsibility for assigned project sub-components.
• May participate on cross-unit initiatives.

OPERATIONAL –

• Refresh basic actuarial and analytic analyses with supervision.
• Support unit initiatives.
• Provide support as necessary for initiatives across the Enterprise within the scope of influence.
• May identify and create process efficiencies within assignments.

COMMUNICATION –

• Communicate progress, findings and results to manager and key partners.
• Communicate technical topics and findings to primary working group.
• Understand actuarial, analytical and financial discussions and participate in the conversation during meetings.
• Provide formal written communication such as memos or presentations with supervision and support.

TALENT –

• Support various training and skill development initiatives across rotational assignment.
• May be a mentor, manager or resource for less experienced analytic talent within rotation assignment.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Cumulative GPA of 3.0 or greater.
• Completion of 1 or more Actuarial exams.
• Accountability: Strong track record of taking ownership and responsibility for actions and outcomes, performance, and results.