Travelers Sr. Director, Actuarial & Analytics - Middle Market in St Paul, Minnesota
Sr. Director, Actuarial & Analytics - Middle Market
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. Generate and advocate for process improvements and actively propel innovation in alignment with existing strategy. This position will lead assigned unit strategic initiatives and cross-unit initiatives and is expected to participate in Enterprise initiatives on a limited basis. Operational: Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately. Drive day to day execution within unit. Begin to drive broad department initiatives. Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work. Make decisions independently in accordance with department practices. Consistently provide direction and review others' analytical work. Begin to translate ambiguous business needs 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. Leads group discussions with primary working group. Creates formal written communication such as memos or presentations. 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. Perform other duties as assigned.
Job Opening ID:
Equal Employment Opportunity Statement:
Travelers is an equal opportunity employer.
Job Specific & Technical Skills & Competencies:
Leadership: Begins to challenge conventional thinking. Takes ownership of projects related to strategic initiatives and often makes independent recommendations to influence business outcomes. Proficient in Leading Self including exhibiting decisiveness and self-awareness while also effectively managing ambiguity. Development of Leading Others including modeling the way for others and leading cross-unit 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 perspective on the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors. Is familiar with most other key business drivers and disciplines. Relationship Management: Proactively build and own professional business relationships across the Enterprise. Generate and solicit ideas, and drive consensus Aware of potential conflict and address proactively. Acknowledge accomplishments of others to broader organization. Set and manage expectations with business partners for portfolio of projects. Understand diverse perspectives to effectively accomplish business goals. Quantitative Analysis: Able to introduce innovative techniques to both new and existing problems. Independently perform and implement complex analytics. Leads and actively engages in technical/peer reviews. Regularly offers technical consultative feedback. Can assess various technical solutions to optimize analytical outcomes. Occasionally recognizes emerging issues that require a quantitative solution within own portfolio of work.
Actuarial and Analytics
Business Insurance - Middle Market Actuarial is looking for a leader to play a prominent role on the Construction Energy and Marine team. The candidate will lead a team that works closely with our business partners in the Construction and Marine business units to drive strategic initiatives aligned with our goal of driving profitable growth over time. Line of business responsibilities will include General Liability, Umbrella, Property and the Marine lines. Additional responsibilities involve Reinsurance strategy and profitability reporting. The new team member will partner with multiple disciplinary functions and business partners including Underwriting, Finance, Claim and Actuarial. Qualified non-credentialed candidates will be considered and should apply.
The Sr. Director, Actuarial and Analytics is an analytic leadership role that is responsible for assigned unit typically involved in reserving, rate-making, pricing, planning/forecasting, project management and research. This role is expected execute strategic and operational initiatives, drive change within assigned unit and influence leaders up to the VP level with business partners in assigned area, and share ownership of business financial results. The Sr. Director, Actuarial and Analytics will work within broad limits and authority on complex initiatives requiring specialized knowledge and expertise in breadth and/or depth in several of the following areas: Actuarial and/or research methods Advanced statistical analyses Broad business knowledge In-depth Line of Business knowledge Broader awareness of enterprise Actuarial & Analytics community This role may lead a team.
Education, Work Experience & Knowledge:
College degree in STEM related field. Associate Actuarial Credential preferred. 8+ years of quantitative analysis experience. Strong understanding of insurance products and industry. Demonstrated ability in actuarial and quantitative analysis and statistical concepts. Leadership experience. Excellent communication, collaboration and relationship-building skills. Excellent communication skills with the ability to present and translate complex information to leadership and non-technical teams. Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
Bachelors Degree or equivalent experience required. 5 years of comprehensive quantitative analysis experience required.
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.
Hartford - Connecticut - United States
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.
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