November 20, 2009

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2VP, Actuarial - CASD

Hartford, CT

Travelers

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Career Field	Actuarial
Insurance Discipline	All
Relocation Assistance	Not Available
Job Duration	Full Time
Salary Offered	Open

2VP, Actuarial - Commercial Actuarial Strategic Development (CASD)

SUMMARY:

� Sets objectives and provides guidance to research group to achieve the company objectives for profitability and growth.
� Seen as the key research advisor to a business unit
� Manages plans, sets objectives and determines responsibilities of the unit to ensure effective performance.
� Manages complex projects.
� Owns accountability for delivery of key modeling project deliverables to a BU
� Staff responsibilities likely to include a unit of 3 to 5 people, ranging from analysts to directors.

PRIMARY DUTIES:

� Oversee the implementation of sound rates and rating plans and models.
� Work with Actuarial to develop predictive models to serve the BU
� Lead team of modelers through modeling projects
� Assist in determining the strategy for pricing within the BU
� Assist in laying out the strategy for data management, both back-end and front-end
� Using results from research, makes recommendations to business unit.
� Identify potential research areas and assess usefulness.
� Oversees the implementation of actions decided upon through research.
� Manage or participates in key or complex actuarial projects.
� Present projects to senior level underwriting and actuarial management.
� Supervise staff. Develop and motivate staff to achieve technical excellence and ensure effective performance.
� Set challenging objectives and provides guidance and direction to staff. Clearly relates unit expectations and goals to the business unit mission.

EDUCATION/ COURSE OF STUDY:

� Advanced degree in math, statistics, or related field

WORK EXPERIENCE:

� Generally has 10 plus years of R&D and/or actuarial experience, preferably in the industry
� Considerable management and leadership experience required
� Ability to develop new procedures and policies and improve existing ones
� Strong understanding of statistical modeling techniques, particularly those used most frequently within the insurance industry (GLM, GAM, decision trees, clustering analysis, etc.)
� Experience with financial modeling and forecasting.
� Strong understanding of insurance products and marketplace conditions and how they impact statistical models, financial models and results.
� Strong understanding of the regulatory environment and how it impacts pricing.

COMPUTER SKILLS:

� Strong PC and programming skills. SAS, Excel, Access, PowerPoint
� Other programming languages (C, etc.) a plus.
� Strong understanding of databases

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