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.
Manages actuarial research required to identify and solve actuarial problems to achieve company objectives for profitability and growth. Using broad based actuarial, business and computer technology skills, oversees support staff and the production of analytical and statistical information to be used in actuarial computations. Manages the documentation for pricing, product development, forecasting, reserve testing, regulatory filings, and other actuarial research. Ensures that actuarial systems and databases conform to and utilize actuarial setting methodologies and produce accurate, efficient and consistent data. Responsible for the integration of actuarial decisions with business strategies. Responsible for complex projects requiring advanced statistical analyses, actuarial research, mathematical calculations and technical skills. May direct projects that have significant financial impact and may present to senior level management. This position works under limited supervision.
Bond and Specialty Insurance is in search of a highly motivated individual to support the development of eCommerce channels for our Management Liability business units. This new role sits at the crossroads of business intelligence, actuarial, and advanced analytics and will play a key role in the development of new data sources and the building of monitoring tools and reports. This type of monitoring is essential in the increasingly automated twenty-first century marketplace. The ideal candidate will be a strong problem solver who can identify needs and work across disciplines in order to achieve success.
Primary Job Duties & Responsibilities
Conducts high-level, complex analysis in support of Actuarial staff. Interprets data and identifies trends. Offers recommendations and implements decisions. Participates in discussions regarding underwriting strategy. Communicates results and their implications to business centers. Assists in current system critiques. Previews, tests and recommends vendor products and data. Coordinates with IT, overseeing the modeling, developing, testing and integrating new systems or technologies. Participates in or is responsible for advanced projects. Presents findings to underwriting and actuarial management. May supervise routine actuarial functions and provides assistance to less experienced staff. Other duties as assigned.
Bachelors Degree or equivalent education required. 3 years analytics experience required. Thorough knowledge of quantitative analysis required.
Education, Work Experience & Knowledge
College degree in actuarial science, mathematics, economics, finance, statistics or equivalent preferred. 8+ years of insurance experience preferred. Thorough understanding of accounting principles and strong understanding of financial reporting. Strong knowledge of insurance products and operations. Strong understanding of the interrelationships and characteristics of the various distribution channels. Strong understanding of insurance related models (ROE, cat modeling, etc.). Demonstrated ability in actuarial and quantitative analysis and statistical concepts. Excellent project management skills. Strong understanding of regulatory environment. Supervisory experience preferred. Effective communication and training skills. Excellent understanding of computers, programming, Excel spreadsheets, Word and database software.
Operates standard office equipment. Sitting (can stand at will). Use of Keyboards, Sporadic 10-Key.
Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
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