Sr. Manager, Actuarial & Analytics, Enterprise Risk Management (ERM)

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, Risk Control

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

$117,200.00 - $193,400.00

Target Openings

1

What Is the Opportunity?

In Enterprise Risk Management we employ bespoke analytical approaches to deliver actionable risk insights that shape and drive our business strategies and enhance our business resilience. Are you a strategic thinker with a passion for risk/reward management? Do you thrive on analyzing complex problems and influencing key business decisions?

As a Sr. Manager on our Enterprise Risk Management team you will play a critical role in shaping the future of our business. This motivated individual will not only be instrumental in parameterizing various components of our capital model, analyzing and reviewing model outputs, and developing profitability targets for our business, but they will serve as a subject matter expert in the areas of ERM and risk modeling. In this position you will gain exposure to catastrophe, large loss, and attritional loss modeling, as well as economic, reinsurance, and reserve risk modeling. ERM offers a dynamic environment that blends deep analytical expertise with strategic influence, making it an ideal space to develop and implement impactful risk management solutions. This is your opportunity to lead innovative projects, drive profitability results of our company, and make a significant impact in a collaborative and forward-thinking environment.

This role will be responsible for:
•Leading the parameterization efforts of various components of the capital model
•Analyzing model outputs, interpreting risk metrics, and developing profitability targets for multiple lines of business
•Providing actuarial support for model version updates and enhancements, including those of the ROE model
•Performing analyses of key risk factors to optimize risk-adjusted returns and support the company’s target financial performance
•Contributing to innovative projects aimed at enhancing the company’s overall risk framework, providing insights that drive business success in a collaborative, forward-thinking environment
•Collaborating with cross-functional teams, including Actuarial & Analytics, Enterprise Catastrophe, Reinsurance, and Finance, to deliver on key initiatives

What Will You Do?

Strategy:

• Hold a lead role in strategic planning as well as manage the successful execution and completion of assigned strategic initiatives and projects.
• Develop solutions to resolve challenges of an initiative.
• Propose change and innovation in order to improve project team performance and timelines.
• This position will often participate on cross-unit initiatives and may participate on Enterprise initiatives.

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.
• Begin to 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.
• Begin to provide direction and review others' analytical work.
• Begin to translate business requests into analytical solutions.
• Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

• Communicates analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.
• Communicates technical topics to non-technical audience with guidance from manager.
• Actively participates and may lead group discussions.
• Creates formal written communication such as memos or presentations with guida