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Sr Actuarial Consultant

Employer
Travelers Insurance
Location
Saint Paul, Minnesota
Salary
Not Specified
Closing date
Oct 2, 2019

View more

Category
Actuary, Sales
Job Type
Not Specified
Career Level
Not Specified

Job Details

Company Information
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
Provide a high level of technical and quantitative support to actuarial staff to achieve company objectives for profitability and growth. Assists 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. Ensures that actuarial systems and databases produce accurate and efficient data. May assist with implementing actuarial decisions and strategies. Responsible for 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.

Marketing Description
BI Actuarial Product WC & LS is looking for a highly motivated individual to join the team supporting the Guaranteed Cost WC Benchmark Tools. This position plays a key role maintaining and enhancing the Select WC benchmark tool using a variety of tools including SAS, Excel and Access. Ongoing responsibilities include creation and delivery of model update requirements, maintenance and enhancement of the Select model re-rater, advancement of the analytics and tools used across the Guaranteed Cost WC Benchmark space, and other key business initiatives. The role will require excellent organization and communication skills as well as a desire to learn about the WC benchmark tools. This is an individual contributor role that will partner closely with BU actuaries, Research & Development, IT, and BU underwriting leadership. Must be able to work under general to limited supervision. Position is based in Hartford, CT or St. Paul, MN. Other locations will be considered.

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 SAS, 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.

Minimum Qualifications
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.

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.

Company

Trav Banner

WHO WE ARE

Imagine a Career With Purpose.

For more than 160 years Travelers has earned a reputation as a leader in personal, business and specialty insurance because we take care of our customers. When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger.


LIFE AT TRAVELERS

Imagine Playing a Role in Something Bigger.

A career at Travelers means being part of a team comprised of 30,000 + talented and passionate people that’s evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.


JOIN OUR TALENT COMMUNITY
As a part of our Talent Community, you will receive customized job alerts, be the first to know about opportunities to work at Travelers, and stay connected with our recruiters!

 

 

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