Sr Analyst Product Rating

Hartford, Connecticut

Company Summary

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

1

Job Description Summary

Under general supervision, provides support for the product rating function including all variables associated with premiums to achieve financial and strategic objectives, both at the state/province and national level. These functions are performed using a business-controlled rating engine (Ratabase) and other associated technologies. Works with other business unit teams and team members to support product and pricing strategies. Applies knowledge of current industry trends and techniques to formulate solutions within the context of assigned project. This position will support Business Insurance products. May perform configuration tasks associated with product rules. This job does not lead others.

Primary Job Duties & Responsibilities

  • Analyzes and contributes to business requirements, such as rate filings and other related documentation; provides oversight to less experienced members of the team.
  • Consults with business and actuarial to develop rating business requirements and rating worksheet requirements.
  • Using the Ratabase Product Builder, designs and implements rate structure changes to existing products or implementation of new products.
  • Maintains rate factors in existing rating tables.
  • Performs consistency checks across multiple requirements for same project.
  • Maintain other business owned tools and technologies that support the rating of products. Recommend enhancements or efficiencies, as applicable.
  • Using Output Designer, design and build rate pages for rate manuals.
  • May update and maintain product configuration rules.
  • Determines testing scope and conducts unit testing, validates changes in accordance with requirements and adheres to all required team best practices and all business unit filing/regulatory processes per audit compliance requirements. Triage's and resolve issues surfaced during subsequent testing phases.
  • Meets or exceeds quality, timeliness, and service level agreements.
  • Identifies and conduct analysis of rating discrepancies.
  • Develops effective relationships and provides consultation to various business partners and teams.
  • Other duties as assigned.

Minimum Qualifications

  • A bachelor's degree in Computer Science or a related field, or its equivalent in work experience required.
  • 3 years of programming, development, actuarial, or rating experience required.

Education, Work Experience, & Knowledge

  • Bachelor's degree in a related field.
  • 5 years of programming/ configuration, development, actuarial, or rating experience.
  • Solid working knowledge of relational databases or similar rating engine technology.
  • Solid knowledge of property casualty insurance products (Personal or Business Insurance).
  • Strong personal computing skills with experience using Microsoft Office Excel.
  • Demonstrates an aptitude for learning assigned supported business systems and technology.

Job Specific Technical Skills & Competencies

  • Intermediate leadership, innovation and initiating skills.
  • Results driven.
  • Intermediate understanding of rating and pricing concepts.
  • Customer-focused orientation (agent and consumer).
  • Intermediate oral and written communication skills, with ability to influence others.
  • Intermediate organization and time management skills.
  • Attention to detail.
  • Intermediate critical thinking and analysis skills to assigned work efforts. Also includes intermediate problem-solving skills.
  • Actively invests in improving own capabilities.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 


If you have questions regarding the physical requirements of this role, please send us an email so we may assist you.


Travelers reserves the right to fill this position at a level above or below the level included in this posting.


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.