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Travelers Manager, Actuarial & Analytics: Rate Development Commercial Auto in St. Paul, Minnesota



Manager, Actuarial & Analytics: Rate Development Commercial Auto

Target Openings:


Primary Job Duties & Responsibilities:

Strategy: Participate in a lead role in the successful execution and completion of assigned strategic initiatives and projects. Develop solutions to resolve challenges of an initiative. Propose change and innovation in order to improve project team performance and timelines. This position will often participate on cross-unit initiatives and may participate on Enterprise initiatives. Operational: Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately. Support and drive components of unit initiatives. Begin to support broad department initiatives. Take accountability for process efficiencies within assignments. Begin to make proposals in accordance with department practices. Provide support as necessary for initiatives across the Enterprise within the scope of influence. Communication: Communicates analysis, project results, and other business initiatives to peers and business partners. Communicates technical topics to non-technical audience within the primary working group with guidance from manager. Actively participates and may lead group discussions at the unit level. Creates formal written communication such as memos or presentations with guidance and peer review. Networks and collaborates on ideas and challenges. Talent: Retention and development of assigned staff. Execute and communicate talent development processes, including performance and personal development goals. Talent assessment recommendations. Performance management. Mentor less experienced talent across the Enterprise. Onboard new employees and interns in unit. Support various training and skill development initiatives across assigned Segment and the Enterprise. May provide support for recruiting efforts and candidate talent assessment efforts. Perform other duties as assigned.

Job Opening ID:


Equal Employment Opportunity Statement:

Travelers is an equal opportunity employer.

Job Specific & Technical Skills & Competencies:

Leadership: Take ownership of assigned projects and meetings, make recommendations and presents results to business partners. Proficient in Leading Self, exhibiting self-awareness while also effectively managing ambiguity. Initial development of Leading Others, including mentoring/training team members. Initial development of Leading the Business, including actively supporting business goals and being a positive member of the Enterprise culture. Business Acumen: Has an in-depth understanding and knowledge of a few basic 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 analytic solutions. Has a foundational perspective of the primary industry and developing trends such as: technology, analytic methodology, products and performance of competitors. Is familiar with a couple other key business drivers and disciplines. Relationship Management: Proactively build and own professional business relationships across the BI&AA community across the Enterprise. Generate and solicit ideas, and begin to build consensus with guidance. Aware of potential conflict and begins to addresses with guidance. Begin to set and manage expectations with business partners for small projects. Quantitative Analysis: Evaluate and use appropriate data, tools and methods. Able to perform analytics independently, can effectively plan next steps within analyses with little oversight. May perform technical review of team work product. Able to contribute on more complex analytical work with guidance.

Job Category:

Actuarial and Analytics

Marketing Description:

State and Bureau Regulatory Affairs is looking for someone with 8+ years of actuarial or other analytical experience. 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, lead business unit actuaries, enterprise product, systems personnel and compliance areas.

This position will lead a team and execute on Commercial Auto rate filing initiatives. This includes using broad-based actuarial, business and computer technology skills to oversee support staff in the production of rate indications and adequacy reviews. This positions coordinates and implements decisions between actuarial units and the business units. This includes developing strategies for securing approvals with state insurance departments, working with IT implementing rates in the various systems and overseeing process to ensure rate implementation accuracy. Role includes responsibility for oversight of routine projects as well a leading more complex research and rate plan management initiatives. Successful candidates will possess effective communication and problem-solving skills, and experience in roles requiring attention to detail.

Job Summary:

The Manager, Actuarial and Analytics is an analytic leadership role that encompasses the shared responsibility of project and strategic execution with actuarial, analytic and business partners, in addition to assigned operational assignments which may include reserving, rate-making, pricing, planning/forecasting, project management and research. The individual in this role is expected to be an influential member of project teams, providing analytical insights and recommendations to leadership and Business unit partners. The Manager, Actuarial and Analytics will work on complex assignments requiring specialized knowledge and expertise in breadth and/or depth in one or more of the following areas: Actuarial and/or research methods Advanced statistical analyses Solid business knowledge Line of Business knowledge

Position Type:


Education, Work Experience & Knowledge:

College degree in STEM related field. Associate Actuarial Credential preferred. Strong PC skills (MS Office) and programming skills (eg. SQL, SAS). 4+ years of quantitative analysis experience preferred. Strong understanding of insurance products and industry. Demonstrated ability in actuarial and quantitative analysis and statistical concepts. Demonstrated ability to manage projects.

Minimum Qualifications:

Bachelors Degree or equivalent experience required. 2 years of experience in quantitative analysis required.

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.

Primary Location:

Hartford - Connecticut - United States

Secondary Location:

St. Paul - Minnesota - United States

We are committed to valuing the diversity that exists among our workforce, our business partners, our customers and our communities. With respect to our workforce, we are committed to not only increasing diversity in our hiring at all levels but also fostering an inclusive environment where all employees, regardless of race, color, religion, gender, gender identity, age, national origin, disability, veteran status, marital status, sexual orientation, genetic information or any other status or condition protected by law, can develop and thrive.