Sr. Consultant, Actuarial & Analytics

Sr. Consultant, Actuarial & Analytics

01 Jun 2022
Connecticut, Hartford, 06101 Hartford USA

Sr. Consultant, Actuarial & Analytics

Who Are We?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 CategoryActuarial, Data AnalyticsCompensation OverviewThe 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$80,800.00 - $133,300.00Target Openings1What Is the Opportunity?The Sr. Consultant, Actuarial and Analytics is an analytic role that encompasses the personal ownership of operational assignments and support of strategic assignments which may include reserving, rate-making, pricing, planning/forecasting, project management and research. The individual in this role is expected to have a high level of partnership within assigned unit and across projects, and be an influential member of project teams, providing analytical insights to leadership and Business unit partners. The Sr. Consultant, Actuarial and Analytics will work on assignments requiring knowledge and expertise in one or more of the following areas: Actuarial techniques and/or research methods Statistical analyses Foundational business knowledge Line of Business knowledge.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.This position may be based 100% remotely or in one of our offices.This role involves working across many lines of business to support the filed rating plans within Business Insurance. Responsible for developing and implementing rates, rating plans, and pricing strategies to achieve the company objectives for profitability and growth. It 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, regional and lead business unit actuaries, enterprise product, systems personnel and compliance areas. The position requires an individual with excellent communication, analytical and problem-solving skills, and attention to detail. Candidate will be responsible for routine projects as well as leading more complex research or rate plan management initiatives.What Will You Do?Assist in developing and implementing rates, rating plans, and pricing strategies to achieve the company objectives for profitability and growth.

Consult and coordinate with business unit representatives, Legal and other areas as necessary throughout the life cycle of a filing.

Prepare state filing packages and DOI responses

Create and maintain rate plans and rate manuals.

Ensure successful implementation of approved rates into systems

Monitor marketplace, industry trends, and professional research to gain knowledge of current activities related to products, regulations, and market conditions.

Recommend and initiate improved efficiencies and automation

What Will Our Ideal Candidate Have?3 or more Actuarial exams preferred.

College degree in STEM related field.

Strong PC skills (MS Office), basic programming skills (eg. SQL, SAS).

2+ years of quantitative analysis experience preferred.

Developing understanding of insurance products and industry.

Leadership:Development of Leading Self, exhibiting self-awareness and seeking opportunities to learn while also starting to manage ambiguity.

Initial development of Leading Others, including mentoring/training team members.

Initial development of Leading the Business, including being a positive member of the Enterprise culture.

Business Acumen:Has an understanding and knowledge of a few basic 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 analytic solutions.

Has a foundational perspective of certain areas of the 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:Begin to develop professional business relationships across the BI&AA community within Segment.

Generate and solicit ideas.

Quantitative Analysis:Able to use appropriate tools to compile and analyze data effectively.

Perform basic-level analytics working more independently and effectively with awareness of materiality and reasonability, foreseeing more next steps.

May perform technical review of unit work product.

What is a Must Have?Bachelors Degree or equivalent experience required.

1 year of experience in 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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.

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 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 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 http://careers.travelers.com/life-at-travelers/benefits/ .

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