Director, Actuarial & Analytics - Loss Analytics & Reserving
Company: The Travelers Companies, Inc.
Location: Hartford
Posted on: April 4, 2021
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Job Description:
Company SummaryTaking 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 Openings1Job Description SummaryThe Director, Business
Insurance Workers Comp (WC) Loss Analytics position is a role
responsible for supporting the WC reserving and loss analysis
function within Business Insurance. This role will have
responsibility for performing reserving and loss analysis across
the WC unit while reporting into the Unbundled team. The individual
in this position will also support the continued enhancement of
technical capabilities within the team through leveraging and
evaluating advanced analytic tools. By playing a key role in
understanding the drivers of WC loss content, this position will
help drive profitable business growth. The Director, Actuarial and
Analytics will work within broad limits and authority on complex
assignments requiring specialized knowledge and expertise in
breadth and/or depth in one or more of the following areas:--- Loss
Reserving methods and process--- Advanced statistical analyses---
In-depth WC knowledge--- Understanding of claim handling processes
and its influences on loss estimates--- Broad business knowledge---
Broader awareness of enterprise Actuarial & Analytics
communityPrimary Job Duties & ResponsibilitiesStrategyAssess,
prioritize, influence and communicate strategic initiative options
to senior leadersDemonstrate effective execution and completion of
assigned strategic initiatives and projectsRegularly generate
process improvements and explore opportunities for innovationLead
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
basisOperationalIndependently perform actuarial and analytic
analyses to solve business problems and apply judgment
appropriatelyDrive day to day execution within unit. Support broad
department initiativesPromote efficiency across primary working
group, balancing additional effort against incremental lift gained
from workBegin to make decisions independently in accordance with
department practicesProvide direction and review others' analytical
workTranslate business requests into analytical solutionsProvide
support as necessary for initiatives across the Enterprise within
the scope of influenceCommunicationCommunicates on a regular basis
with staff, peers and business partners and on an occasional basis
with senior leadersTailors communication of analysis, project
results, and other business initiatives to audienceCommunicates
technical topics to non-technical audiences with limited
guidanceLeads group discussions with primary working groupCreates
formal written communication such as memos or presentations with
limited guidanceAble to influence and collaborate with peers and
partners to take actions to enhance business outcomesTalentMentor
less experienced talent across the EnterpriseOnboard new employees
and interns in unitSupport various training and skill development
initiatives across Segment and the EnterpriseMay provide support
for recruiting efforts and candidate talent assessment
effortsMinimum QualificationsBachelor's Degree required.Minimum of
4 years of experience performing quantitative analysis
required.Education, Work Experience, & KnowledgeCollege 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.Management
experience.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 & CompetenciesLeadership: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 consensusAware 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 PracticesTravelers 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.
Keywords: The Travelers Companies, Inc., Hartford , Director, Actuarial & Analytics - Loss Analytics & Reserving, Executive , Hartford, Connecticut
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