Travelers Insurance Company
Director, Actuarial & Analytics
Travelers Insurance Company, Saint Paul, Minnesota, United States, 55199
Travelers Insurance Company - Director, Actuarial & Analytics - St. Paul, Minnesota
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.Job Category:
ActuarialCompensation Overview:
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.Salary Range:
$129,200.00 - $213,200.00Target Openings:
1What Is the Opportunity?The Director, Actuarial and Analytics is an analytic leadership role responsible for implementing a variety of actuarial/statistical techniques and analyses which may include reserving, rate making, pricing, planning/forecasting, project management, and research. This role is expected to execute strategic and operational initiatives, drive change within the assigned unit, provide analytical insights and recommendations to leadership and business partners, and share ownership of the business's financial results. The Director will work within broad limits and authority on complex assignments requiring specialized knowledge and expertise in one or more of the following areas: Actuarial and/or research methods, Advanced statistical analyses, Broad business knowledge, In-depth Line of Business knowledge, Broader awareness of the enterprise Actuarial & Analytics community.This role may act as a manager of a small team.What Will You Do?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 and cross-unit initiatives on a limited basis 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 the unit. Support broad department initiatives.Promote efficiency across the 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 regularly 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 the audience.Communicates technical topics to non-technical audiences with limited guidance.Leads group discussions with the 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 the assigned unit.Execute and communicate talent development processes, including performance and personal development goals.Succession planning and talent assessment recommendations.Performance management.Mentor less experienced talent across the Enterprise.Onboard new employees and interns in the unit.Support various training and skill development initiatives across the Segment and the Enterprise.May provide support for recruiting efforts and candidate talent assessment efforts.Perform other duties as assigned.What Will Our Ideal Candidate Have?College degree in a 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.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 (e.g., SQL, SAS).What is a Must Have?Bachelor's Degree required.Minimum of 4 years of experience performing quantitative analysis required.What Is in It for You?Health Insurance:
Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.Retirement:
Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.Paid Time Off:
Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.Wellness Program:
The Travelers wellness program is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching, and other resources to support your daily life needs.Volunteer Encouragement:
We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.Employment Practices:
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining, and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) 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.To learn more about our comprehensive benefit programs please visit
Travelers Benefits .
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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.Job Category:
ActuarialCompensation Overview:
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.Salary Range:
$129,200.00 - $213,200.00Target Openings:
1What Is the Opportunity?The Director, Actuarial and Analytics is an analytic leadership role responsible for implementing a variety of actuarial/statistical techniques and analyses which may include reserving, rate making, pricing, planning/forecasting, project management, and research. This role is expected to execute strategic and operational initiatives, drive change within the assigned unit, provide analytical insights and recommendations to leadership and business partners, and share ownership of the business's financial results. The Director will work within broad limits and authority on complex assignments requiring specialized knowledge and expertise in one or more of the following areas: Actuarial and/or research methods, Advanced statistical analyses, Broad business knowledge, In-depth Line of Business knowledge, Broader awareness of the enterprise Actuarial & Analytics community.This role may act as a manager of a small team.What Will You Do?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 and cross-unit initiatives on a limited basis 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 the unit. Support broad department initiatives.Promote efficiency across the 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 regularly 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 the audience.Communicates technical topics to non-technical audiences with limited guidance.Leads group discussions with the 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 the assigned unit.Execute and communicate talent development processes, including performance and personal development goals.Succession planning and talent assessment recommendations.Performance management.Mentor less experienced talent across the Enterprise.Onboard new employees and interns in the unit.Support various training and skill development initiatives across the Segment and the Enterprise.May provide support for recruiting efforts and candidate talent assessment efforts.Perform other duties as assigned.What Will Our Ideal Candidate Have?College degree in a 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.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 (e.g., SQL, SAS).What is a Must Have?Bachelor's Degree required.Minimum of 4 years of experience performing quantitative analysis required.What Is in It for You?Health Insurance:
Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.Retirement:
Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.Paid Time Off:
Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.Wellness Program:
The Travelers wellness program is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching, and other resources to support your daily life needs.Volunteer Encouragement:
We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.Employment Practices:
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining, and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) 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.To learn more about our comprehensive benefit programs please visit
Travelers Benefits .
#J-18808-Ljbffr