Travelers Insurance Company - Director, Actuarial & Analytics
Location: Hartford, Connecticut
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: Actuarial
Compensation 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: $127,900.00 - $211,100.00
Target Openings: 1
What Is the Opportunity?
In Business Insurance Actuarial and Analytics, we deliver tailored analytics and innovative data science solutions that influence decisions and enable superior results. We have an inclusive culture where everyone feels that they belong, can be authentic, are valued, respected, empowered and part of our success. We see strength in the uniqueness that each of us contributes to creating innovative solutions and improving business outcomes.
Are you looking for opportunities to apply your actuarial and analytical skills to influence industry leading product development and innovation?
We have an exciting role for you on the Business Insurance Actuarial Product Auto team! As a Director Actuarial & Analytics, you will have the ability to put your technical skills to use, and influence innovative projects related to improvement and modernization of existing products, systems, and tools.
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 unit. Support broad department initiatives.
- 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.
What Will Our Ideal Candidate Have?
- 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.
- 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.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
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