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.
Small Commercial Analytics has an exciting opportunity to be a part of the CMP Modernization project. This position will have the lead on calibration of base rates for the new CMP Modernization product, including building full disruption algorithm and participation in creating future rate adequacy process. This individual will have accountability of the CMP Benchmark tool, which is used on CMP's low touch business. You will partner with the Benchmark Strategy team and other business units to ensure that the tool has scalability to enable multi-line writing. This position will also oversee the ongoing maintenance of the current Travelers Express modeled product, including implementation work partnering with Operating Model team and filing support for model pages.
Primary Job Duties & Responsibilities
Pricing/Ratemaking: Develop and oversee implementation of sound rates and/or rating plans/models. Work with Underwriting to develop and price new products. Support Underwriting in the pricing of large complex deals not adequately handled by pricing models. Provide analysis of trends/factors/issues impacting Underwriting results and work with Underwriting to determine action plans. Work with regulatory unit to make filings. Planning/Forecasting: Forecast and interpret underwriting results to aid management in planning process. Analyze and interpret trends. Working with Underwriting, Senior Management, Reserving, Reinsurance and the Financial unit, develop financial business plans and business strategies. Identify potential research areas and assess usefulness. May 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: May supervise staff. If applicable, develop objectives and development plans, coach manage performance of staff to achieve excellence and ensure effective performance. Assists in determining goals and setting direction and priorities for the unit. Other duties as assigned.
Bachelors degree or equivalent education required. 3 years analytics experience required. General knowledge of quantitative analysis required.
Education, Work Experience & Knowledge
College Degree in actuarial science, mathematics, economics or statistic or equivalent preferred. 5+ years of Actuarial/Analytic experience preferred. Understanding with base knowledge in complete range of actuarial functions, including but not limited to, reserving, pricing, business planning, financial reporting, management information, product development, reinsurance and database management. Independent analysis of challenging business issues. Basic understanding of actuarial and other insurance related models (i.e. property CAT, ROE and RBC models). Strong understanding of financial reporting, both GAAP and Stat. Strong understanding of income statements and balance sheets. Strong understanding of insurance products and marketplace conditions and how they impact financial models and results. Strong PC skills, Excel, Access, PowerPoint and Word. Sound understanding of databases and data extraction. Crisp and confident communication of analysis.
Operates standard office equipment. Sitting (can stand at will). Use of Keyboards, Sporadic 10-Key.
Licensing or Certificates
Associate Actuarial Credential required. Fellowship Actuarial Credential preferred.
Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
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