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.
The Sr. Actuarial Consultant will assist in development of rates, rating plans, pricing strategies, product development, financial forecasting, management reporting, and other actuarial research by applying advanced statistical concepts to quantitative support. This person will be responsible for routine projects as well as leading more complex research or rate plan management initiatives.
This role involves working across many lines of business to support the filed rating plans. The role offers exposure to many enterprise disciplines and has involvement with many different groups across Travelers. It affords the opportunity to establish relationships with the field, pricing managers, regional and lead business unit actuaries, enterprise product, systems personnel and compliance areas. The position requires an individual with excellent communication, problem-solving skills, and attention to detail.
Primary Job Duties & Responsibilities
Conduct analysis in support of Actuarial staff. Interprets data and identifies trends. May offer recommendations. May participate in discussions regarding underwriting strategy. Communicates results and their implications to business centers. Prepares responses to inquiries from insurance regulators. Oversees programming in Excel, Access or company software. Is a resource for complex programming issues. Participates in or is responsible for advanced projects. May presents findings to underwriting and actuarial management. Provide assistance to less experienced staff. Other duties as assigned.
Bachelors Degree or equivalent education required. 1 year analytics experience required.
Education, Work Experience & Knowledge
College degree in actuarial science, mathematics, economics, finance, statistics or equivalent preferred. 2 years analytics experience preferred. 5+ years of insurance experience preferred. Strong understanding of accounting principles and solid understanding of financial reporting. Strong knowledge of insurance products and operations. Good understanding of insurance related models (ROE, cat modeling, etc.). Demonstrated ability in actuarial and quantitative analysis and statistical concepts. Strong project management skills. Solid understanding of regulatory environment. Effective communication skills. Excellent understanding of computers, programming, Excel spreadsheets, Word and database software.
Job Specific & Technical Skills & Competencies
Working knowledge of quantitative analysis.
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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