Director Actuarial & Analytics

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

The Director, Actuarial and Analytics is an analytic leadership role that is responsible for setting the analytic direction and disciplined execution supporting Customer Operations Decision Insights Engine agile teams (CODIE). This role requires a passion for data, architectural design and technology enablement with exceptional analytic aptitude to deliver insights to empower superior decision making in Travelers' Personal Insurance.

This strategic leader will consult, plan and prototype data and analytic solutions to support business strategies, capabilities, and processes. They are accountable for understanding our business objectives and financial benefits to ensure that analytic solutions produce insights that the business can interpret and execute on. Leading, performing and consulting across a wide spectrum of business functions is expected. Partnerships with business intelligence, IT and R&D are needed to fully support solutions of all complexity levels. Given the diversity of requests the business analytics team supports, it is essential to balance the rigor needed to influence investment decisions.

This Business Analytics lead supporting the CODIE team should possess strong acumen in quantitative analytics and structured problem solving. Understanding of when to enlist advanced analytics and interpreting model results is critical for guiding business analytic solutions. This leader is responsible for synthesizing complex analytical insights into easy to understand actionable recommendations for our Operations and Customer Experience partners. This role is expected to execute in an Agile format, contribute to strategic and operational initiatives, drive change within assigned unit, provide analytical insights and recommendations to leadership and business partners, and share ownership of the business's financial results. This role may act as a manager of a small analytics team.

Primary Job Duties & Responsibilities

Strategy:

  • Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
  • Demonstrate effective execution and completion of assigned strategic initiatives and projects.
  • Regularly generate process improvements and explore opportunities for innovation.
  • Lead assigned unit strategic initiatives (narrow scope, limited and well defined) and cross-unit initiatives on a limited basis and is expected to participate in Enterprise initiatives on a limited basis.

Operational:

  • Drive day to day execution within unit. Support broad department initiatives.
  • Contribute to the operational rhythm within the Agile Team and perform best practices from discovery to execution.
  • Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
  • Begin to make decisions independently in accordance with department practices.
  • Provide direction and review others' analytical work.
  • Translate business requests into analytical solutions.
  • Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

  • Communicates on a regular basis with staff, peers and business partners and on an occasional basis with senior leaders.
  • Tailors communication of analysis, project results, and other business initiatives to audience.
  • Communicates technical topics to non-technical audiences with limited guidance.
  • Leads group discussions with primary working group.
  • Creates formal written communication such as memos or presentations with limited guidance.
  • Able to influence and collaborate with peers and partners to take actions to enhance business outcomes.

Talent:

  • Staff responsibilities are likely to include direct management of a small team of individual contributors.
  • Acquisition, retention, and development of talent for assigned unit.
  • Execute and communicate talent development processes, including performance and personal development goals.
  • Succession planning and talent assessment recommendations.

Performance Management:

  • Support staff engagement cross Enterprise initiatives.
  • Mentor less experienced talent across the Enterprise.
  • Onboard new employees and interns in unit.
  • Support various training and skill development initiatives across Segment and the Enterprise.
  • May provide support for recruiting efforts and candidate talent assessment efforts.

Minimum Qualifications

  • Bachelor's Degree required.
  • Minimum of 4 years of experience performing quantitative analysis required.

Education, Work Experience, & Knowledge

  • College degree in STEM related field.
  • Associate Actuarial Credential preferred.
  • 7+ years of quantitative analysis experience.
  • Strong understanding of insurance products and industry.
  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
  • Understanding of Advanced Analytics and appropriate uses of Model applications.
  • Previous experience in managing Descriptive Analytics teams.
  • Knowledge of Operational Effectiveness and Customer Experience metrics.
  • Excellent communication, collaboration and relationship-building skills.
  • Ability to present and translate complex information in relevant business terms.
  • Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).

Job Specific Technical Skills & Competencies

Leadership:

  • Begins to challenge conventional thinking.
  • Takes ownership of projects related to strategic initiatives and makes recommendations to influence business outcomes.
  • Proficient in Leading Self, exhibiting decisiveness and self-awareness while also effectively managing ambiguity.
  • Initial development of Leading Others, including modeling the way for others and effectively leading team projects.
  • Initial development of Leading the Business, including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.

Business Acumen:

  • Has an in-depth understanding and knowledge of certain key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
  • Able to effectively utilize this business knowledge in developing and implementing analytic solutions.
  • Has a general perspective of the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.
  • Is familiar with other key business drivers and disciplines.

Relationship Management:

  • Proactively build and own professional business relationships across the Enterprise.
  • Generate and solicit ideas, and build consensus
  • Aware of potential conflict and address proactively.
  • Acknowledge accomplishments of others within your primary working group.
  • Set and manage expectations with business partners for large projects.
  • Understand diverse perspectives to effectively accomplish business goals.

Quantitative Analysis:

  • Able to introduce innovative techniques to existing problems.
  • Independently perform and implement complex analytics.
  • Leads and actively engages in technical/peer reviews.
  • May offer technical consultative feedback.
  • Can assess various technical solutions to optimize analytical outcomes.

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.