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.
Designs and implements new rating plans, builds large account pricing tools, and performs profitability reviews. Supports both business unit-wide pricing strategies and individual, large account pricing efforts, as well as planning, reserving, exposure management and reinsurance efforts. May participate in or manage complex projects. May supervise actuarial staff.
Primary Job Duties & Responsibilities
Pricing/Ratemaking: Develop innovative price benchmarking approaches and tools, and oversee their implementation. Work with Underwriting to upgrade large account pricing tools and support the development and pricing of new products, as required. Support Underwriting in the pricing of large complex deals. Provide analysis of trends/factors/issues impacting Underwriting results. Work with Claim and Underwriting as needed to interpret findings, and then work with Underwriting to determine action plans. Communicate with Finance and other functions as appropriate.
Planning/Forecasting: Support trend analyses and the forecast and interpretation of underwriting results. Perform analyses on expected catastrophe costs and reinsurance profitability. Communicate results to aid in the development of financial business plans and business strategies.
Management Info: Continue the development of data retrieval, categorization, and reporting systems. Oversee the production of reports needed by senior management, Underwriting and Operations to monitor profitability, business initiative implementation, and data quality.
Research: Identify potential research areas and assess usefulness. Participate in and/or oversee the implementation of actions decided upon through research. May develop and work with predictive modeling concepts.
Project Mgmt: Manage or participate in key/complex actuarial projects, including cross-company actuarial initiatives. Present projects to senior level underwriting and actuarial management.
Leadership/Mgmt: Supervise actuarial staff. Develop objectives and development plans and manage performance of staff to achieve excellence and ensure effective performance. Assist in determining goals and setting direction and priorities for the unit.
Other duties as assigned.
Education, Work Experience & Knowledge
College Degree in actuarial science, mathematics, economics or statistics or equivalent. Generally has 7+ years of Actuarial experience. Prior management experience strongly preferred. Demonstrate strong actuarial analysis and reporting skills. Strong understanding of actuarial and other insurance related models (i.e. property CAT, ROE and RBC models). May be an expert in a specific area. Solid understanding of financial reporting, both GAAP and Stat. Sound understanding of income statements and balance sheets. Experience with financial modeling and forecasting. Strong understanding of insurance products and marketplace conditions and how they impact financial models and results. Strong understanding of regulatory environment. Strong PC skills - Excel, Access, PowerPoint & Word. Strong understanding of databases and data extraction. Strong communication skills. Should be able to present to business or technical partners. Solid written communications.
Operates standard office equipment (Frequency) Sitting (can stand at will) (Frequency) Use of Keyboards, Sporadic 10-Key (Frequency)
Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
To apply for this position please CLICK HERE