Senior Actuarial Asst

Hartford, Connecticut

Company Information
Come join a growing Actuarial team in a dynamic and exciting department. The Enterprise Catastrophe Strategy & Analysis department is seeking a Senior Actuarial Assistant to join our CAT Actuarial and Analytics team. You will be joining a group of dedicated professionals charged with leading Travelers to be in a position to endure catastrophic loss from natural and man-made perils.

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.

Job Summary
The CAT Actuarial team is looking for a motivated individual to be a part of a growing ratemaking and product development team. This team would be responsible for providing governance and perspective on decisions related to CAT peril pricing across the Enterprise. The Actuarial team uses a variety of tools including 3rd party CAT models, loss experience, industry data, and GLM analysis.

Primary Job Duties & Responsibilities
We are seeking a candidate with a strong analytical knowledge base. A background in predictive modeling and/or ratemaking would be a plus. If not a willingness to learn both. The position requires an individual who can succeed in a collaborative, innovation-driven environment, in tune with business needs and deadlines. Primary responsibilities could include:
  • Establish and update peril views of risk
  • Build CAT peril pricing for next gen by-peril products
  • Create and refine business unit benchmark pricing tools incorporating multivariate GLM analyses
  • Evaluate vendor CAT model changes and assess materiality to currently filed products
  • Refine CAT loss experience trending methodologies to incorporate pertinent environmental factors
  • Create Enterprise and business unit regional risk/reward analyses and pro forma profitability studies
  • Enhance CAT business planning
  • Communicate findings and recommendations to senior leadership and business partners

Minimum Qualifications
Bachelors Degree or equivalent education required. 1 year analytics experience required.

Education, Work Experience & Knowledge
Bachelors Degree in actuarial science, mathematics, economics or statistics or equivalent preferred.

3 years of Actuarial experience preferred.

Ratemaking background a plus

Knowledge of either CAT models or predictive modeling a plus

Job Specific & Technical Skills & Competencies
PC skills: Excel, Access, Powerpoint, Word; willingness to learn SQL and SAS

Comfort working in a fast-paced environment

Strong communication skills, including the ability to effectively present recommendations and supporting analysis to business partners

Comfort collaborating with multiple functional areas within Travelers

Self-motivated with the ability to drive projects independently

Physical Requirements
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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About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.