Director, Actuarial and Analytics, Commercial Auto Benchmark 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?

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.

Are you eager to leverage your actuarial and analytics skills to shape the implementation and application of new commercial auto benchmark model (TCAP) and enhance foundational data and analytics capabilities? We have an exciting opportunity for you on the Business Insurance Actuarial Product Auto team!

As the Commercial Auto Benchmark Lead, you will be primarily responsible for leading the implementation and application of the new Commercial Auto Product TCAP benchmark, utilizing both GLM and GBM models. You will also provide ongoing support for existing auto benchmark tools and contribute to data modernization and the development of new batch rating tools, such as Earnix.

Specific Responsibilities Include:
• TCAP Benchmark: Lead high-profile initiatives to develop Non-TCAP to
TCAP GLM BMK capabilities. Collaborate with cross-functional teams to
calibrate the TCAP GBM BMK model and explore GBM applications for
benchmark point-of-sale tools and restatement.
• Ongoing Support of Existing Benchmark Tools: Provide support for legacy
benchmark tools, including Next Gen and Auto Dealers.
• Foundational Data and Analytics Capability: Enhance foundational data and
analytics capabilities by supporting data modernization and the
development of new batch rating tools, such as Earnix.

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 indi