Manager, Data Science (Property & Casualty Insurance)

Who Are We?

Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Category

Actuarial, Data Analytics

Target Openings

1

What Is the Opportunity?

The actuarial R&D team is seeking an innovative individual to join our team. The Manager, Data Science will support pricing and segmentation initiatives for our commercial lines businesses. This role will be supporting and managing projects for our mid-market and small commercial P&C and Auto products; developing new and enhance existing pricing models using a variety of statistical analyses including, predictive modeling and actuarial techniques.

The individual should have an understanding of ratemaking and insurance concepts, demonstrated project management skills, and the ability to collaborate and communicate with multiple partners.

The individual in this role is expected to be an influential member of project teams, providing analytical insights and recommendations to leadership and business unit partners.

What Will You Do?

• Participate in a lead role in the successful execution and completion of assigned strategic initiatives and projects.
• Perform and manage a variety of advanced statistical analyses including machine learning and actuarial research techniques.
• Analyze/interpret data, draw business inferences and clearly articulate findings for target audience.
• Manage one or more advanced research projects simultaneously.
• Lead in-depth efforts in applying, validating and implementing predictive models for insurance pricing, customer retention and new business conversion.
• Explore and evaluate new data sources
• Proactively stay abreast of industry, developments, changing trends and jurisdictional issues. Attend various seminars and conference as appropriate.
• Develop and maintain effective relationships with business partners.
• Partner with peers across organization and potentially across the company, to ensure consistency and alignment where appropriate.

What Will Our Ideal Candidate Have?

• Bachelor's STEM (Science, Technology, Engineering, Mathematics) degree with 5 years of insurance experience
• Experience in developing and maintaining insurance pricing model.
• Strong understanding of insurance products and industry.
• Ability to read/revise/review statistical software program (e.g. SAS, Python).
• Ability to create advanced programs from scratch.
• Ability to develop advanced models and interpret model results.
• Ability to take action in solving problems while exhibiting judgment and a realistic understanding of issues; ability to use reason; review facts, identify inconsistencies and weigh options; ability to make logical and timely decisions that address the right issues.
• Demonstrates strong ability and knowledge of database principles, data profiling, statistics and data modeling and can apply this knowledge in new or complex situations.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services and other resources to support your daily life needs. Through Life Balance, you’re eligible for free counseling sessions with a licensed therapist.
• 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.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve 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.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

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.