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Manager Bond and Specialty Insurance Pricing: Actuarial Data & Analytics

Hartford, Connecticut

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.

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

$95,000.00 - $156,700.00

Target Openings

1

What Is the Opportunity?

Bond and Specialty Insurance (B&SI) is seeking a highly motivated individual to join our Management Liability Centralized Actuarial Pricing Team. This team supports actuarial data, tools, processes, and pricing projects than span multiple lines of business and business units. B&SI is in the process of modernizing our rate plans, product delivery, and strategic technology platform, and this is an excellent opportunity to be part of this transformative phase. eCommerce capabilities and expansion of our products across the enterprise accentuates the need to partner with our technology, BI&A, and compliance partners to ensure actuarial algorithms meet specifications and data needs for the actuarial team are met.

This position's primary responsibility is partnering with Technology, Compliance, and the Actuarial Pricing Team to ensure renewal rate change and stabilization algorithms are programmed according to specifications via testing and the flow of rating data is optimal. This includes the rollout of several new coverages into the current platform, analysis of disruption mitigation options, and evaluation of testing efforts for a new strategic platform. In addition, this position will partner with our BI&A group to create specifications and ensure that actuarial data from our submissions is properly stored within data marts. Finally, there are opportunities to advance the build of new strategic actuarial tools being utilized to granularly monitor and assess production and rate plans. Actuarial credentials are not required for candidates with relevant experience.

What Will Our Ideal Candidate Have?

  • College degree in STEM related field.
  • Associate Actuarial Credential preferred but not required.
  • Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
  • 4+ years of quantitative analysis experience preferred.
  • Strong understanding of insurance products and industry.
  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
  • Demonstrated ability to manage projects.

Leadership:

  • Take ownership of assigned projects and meetings, make recommendations and presents results to business partners.
  • Proficient in Leading Self, exhibiting self-awareness while also effectively managing ambiguity.
  • Initial development of Leading Others, including mentoring/training team members.
  • Initial development of Leading the Business, including actively supporting business goals and being a positive member of the Enterprise culture.

Business Acumen:

  • Has an in-depth understanding and knowledge of a few basic 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 the primary 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:

  • Proactively build and own professional business relationships across the BI&AA community across the Enterprise.
  • Generate and solicit ideas, and begin to build consensus with guidance.
  • Aware of potential conflict and begins to addresses with guidance.
  • Begin to set and manage expectations with business partners for small projects.

Quantitative Analysis:

  • Evaluate and use appropriate data, tools and methods.
  • Able to perform analytics independently, can effectively plan next steps within analyses with little oversight.
  • May perform technical review of team work product.
  • Able to contribute on more complex analytical work with guidance.

What is a Must Have?

  • Bachelors Degree or equivalent experience required.
  • 2 years 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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five 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.

This role may be based 100% remotely or in one of our offices.

#LI-Remote

#LI-Hybrid

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. 


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/.


About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.