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Enterprise Catastrophe Actuarial - Director

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

$125,600.00 - $207,200.00

Target Openings

1

What Is the Opportunity?

The Travelers Catastrophe Risk Management Group is seeking a Director to join our Actuarial and Analytics team. You will be joining a group of dedicated professionals charged with leading Travelers to be in a position to successfully endure catastrophic loss from natural and man-made perils.

The Actuarial and Analytics team is responsible for providing governance and perspective on decisions related to CAT peril pricing across the Enterprise. The Actuarial and Analytics team uses a variety of tools including 3rd party CAT models, loss experience, industry data, and advanced analytics techniques (including Multi-Variate Analysis). The Actuarial and Analytics team is looking for a motivated individual to help us achieve these goals within the team, including leading various projects, leading workstreams (i.e., Business Plan, View of Risk by Peril, Ratemaking exercises), and providing analytical insights and recommendations to Leadership and Business partners.

Solid background in advanced analytics and ratemaking a plus. A background with CAT modeling would be a plus, but not required. The position requires an individual who can succeed in a collaborative, innovation-driven environment, in tune with business needs and deadlines.

Primary Responsibilities may include:

  • Leadership role in the establishment and update peril views of risk
  • Build CAT peril pricing for next gen by-peril products
  • Create and refine business unit benchmark pricing tools incorporating multivariate GLM analyses
  • Evaluate vendor CAT model changes and assess materiality to currently filed products
  • Participate in other CAT advanced analytic projects
  • Refine CAT loss experience trending methodologies to incorporate pertinent environmental factors
  • Create Enterprise and business unit regional risk/reward analyses and pro forma profitability studies
  • Lead and enhance CAT business planning across the Enterprise
  • Provide CAT perspective during the annual ROE model update
  • Communicate findings and recommendations to team, peers, business partners, and senior leadership

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 individual contributors.
  • Acquisition, retention, and development of talent for assigned unit.
  • Execute and communicate talent development processes, including performance and personal development goals.
  • Succession planning and talent assessment recommendations.
  • Performance management.
  • Support staff engagement cross Enterprise initiatives.
  • Mentor less experienced talent across the Enterprise.
  • Onboard new employees and interns in unit.
  • Support various training and skill development initiatives across 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?

  • College degree in STEM related field.
  • Associate Actuarial Credential preferred.
  • 7+ years of quantitative analysis experience.
  • Strong understanding of insurance products and industry.
  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.

Management experience.

  • Excellent communication, collaboration and relationship-building skills.
  • Ability to present and translate complex information in relevant business terms.
  • Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).

Leadership:

  • Begins to challenge conventional thinking.
  • Takes ownership of projects related to strategic initiatives and makes recommendations to influence business outcomes.
  • Proficient in Leading Self, exhibiting decisiveness and self-awareness while also effectively managing ambiguity.
  • Initial development of Leading Others, including modeling the way for others and effectively leading team projects.
  • Initial development of Leading the Business, including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.

Business Acumen:

  • Has an in-depth understanding and knowledge of certain 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 and implementing analytic solutions.
  • Has a general perspective of the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.
  • Is familiar with other key business drivers and disciplines.

Relationship Management:

  • Proactively build and own professional business relationships across the Enterprise.
  • Generate and solicit ideas, and build consensus
  • Aware of potential conflict and address proactively.
  • Acknowledge accomplishments of others within your primary working group.
  • Set and manage expectations with business partners for large projects.
  • Understand diverse perspectives to effectively accomplish business goals.

Quantitative Analysis:

  • Able to introduce innovative techniques to existing problems.
  • Independently perform and implement complex analytics.
  • Leads and actively engages in technical/peer reviews.
  • May offer technical consultative feedback.
  • Can assess various technical solutions to optimize analytical outcomes.

What is a Must Have?

  • Bachelor's Degree required.
  • Minimum of 4 years of experience performing 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.

Travelers offers a hybrid work location model that is designed to support flexibility.

#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.