Senior Consultant, Actuarial and Analytics – Actuarial Product – Auto

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

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

$87,400.00 - $144,400.00

Target Openings

1

What Is the Opportunity?

Business Insurance is seeking a motivated, technically-minded individual to join our Actuarial Product Auto team. The Actuarial Product Auto team aims to drive profitable growth via our pricing analysis, views of cost, rate implementation, and profitability monitoring.

This individual will be joining the team at a critical time as we launch TCAP (Travelers Commercial Auto Product), our new commercial auto product. They will help lead the technical development of a new framework to support our view of cost analysis, including base rate setting & rate disruption. This position will also have opportunities to support strategic data modernization, disruption analysis, and rating factor curves. They will work with a variety of other functions across the enterprise (actuaries, product management, data engineers, & others).

The ideal candidate would have a strong technical skillset in Python, SQL, and/or SAS. Familiarity with Snowflake, Databricks, and/or other cloud data platforms will be beneficial but is not required. Other desirable qualities include critical thinking, an ability to challenge existing processes, and communication with business partners. Actuarial credentials and/or exam progress is optional.

In Business Insurance Actuarial and Analytics, 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.

What Will You Do?

Strategy:

• Participate on strategic projects with execution responsibility for assigned project sub-components.

• Recommend and execute solutions for assigned project to resolve challenges of an initiative.

• Execute work thoughtfully and efficiently as a team member to improve project team performance and timelines.

• This position may participate on cross-unit and Enterprise initiatives.

Operational:

• Independently refresh actuarial and analytic analyses, perform new analysis with guidance, and begin to apply judgment.

• Support and begin to drive components of unit initiatives.

• Begin to take accountability for process efficiencies within assignments.

• Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

• Communicates progress, findings and results to manager and peers.

• Communicates technical topics to primary working group.

• Actively participates in group discussions.

• Provides formal written communication such as memos or presentations with supervision.

Talent:

• May be a mentor or resource for less experienced analytic talent within assigned Segment.

• Onboard new employees and interns in unit.

• Support various training and skill development initiatives across assigned Segment and the Enterprise.

• May provide support for recruiting efforts and candidate talent assessment efforts.

• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• 3 or more Actuarial exams preferred.

• College degree in STEM related field.

• Strong PC skills (MS Office), basic programming skills (eg. SQL, SAS).

• 2+ years of quantitative analysis experience preferred.

• Developing understanding of insurance products and industry.

Leadership:

• Development of Leading Self, exhibiting self-awareness and seeking opportunities to learn while also starting to manage ambiguity.

• Initial development of Leading Others, including mentoring/training team members.

• Initial development of Leading the Business, including being a positive member of the Enterprise culture.

Business Acumen:

• Has an understanding and knowledge of a few basic key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.

• Able to effectively utilize this business knowledge in developing analytic solutions.

• Has a foundational perspective of certain areas of the industry and developing trends such as: technology, analytic methodology, products and performance of competitors.

• Is familiar with a couple other key business drivers and disciplines.

• Relationship Management:

• Begin to develop professional business relationships across the BI&AA community within Segment.

• Generate and solicit ideas.

Quantitative Analysis:

• Able to use appropriate tools to compile and analyze data effectively.

• Perform basic-level analytics working more independently and effectively with awareness of materiality and reasonability, foreseeing more next steps.

• May perform technical review of unit work product.

What is a Must Have?

• Bachelors Degree or equivalent experience required.

• 1 year of experience in quantitative analysis required.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.