The Travelers Companies, Inc

Sr. Manager Actuarial and Analytics – Worker Compensation Loss Reserving

The Travelers Companies, Inc$120K — $198K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in a STEM field or equivalent experience.
  • 3-5 years of quantitative analysis experience.
  • Associate Actuarial Credential preferred.
  • Proficient in MS Office and programming skills like SQL and SAS.
  • Strong understanding of insurance products and industry dynamics.

Responsibilities

  • Lead strategic planning and execution of initiatives.
  • Independently perform actuarial and analytic analyses.
  • Communicate findings and results to stakeholders.
  • Support department initiatives and project execution.
  • Manage a small team and mentor junior staff.

Benefits

  • Health insurance coverage effective from day one for employees and eligible family.
  • 401(k) matching contributions up to 5% of pay and pension plan provided.
  • Minimum of 20 days Paid Time Off annually plus nine paid holidays.
  • Access to a comprehensive wellness program, including mental health support.
  • Encouragement and rewards for community volunteerism, including matching donations.
Full Job Description
Job Category
Actuarial, Data Analytics

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
$120,400.00 - $198,700.00

Target Openings
1

What Is the Opportunity?
Business Insurance is seeking a Sr. Manager to join our WC Loss Analytics and Reserving team. The Sr. Manager, Actuarial and Analytics, is an analytical role responsible for reserve analysis and loss analytics for the Guaranteed Cost Workers Comp markets. Duties include quarterly analysis of prior and current years, reflecting changing internal and external dynamics; communication of results to management and business partners; ensuring proper use of reserving methods; meeting all reporting and booking deadlines; and addressing all documentation and audit requirements. The role will also have opportunities to drive one or more of our reserve modernization projects, aiming to bring more advanced analytics into our reserving process. The individual will work closely with diverse business functions and partners, including Claims, Product, and Actuarial Pricing.

What Will You Do?

Strategy:

  • Hold a lead role in strategic planning as well as manage the successful execution and completion of assigned strategic initiatives and projects.

  • Develop solutions to resolve challenges of an initiative.

  • Propose change and innovation in order to improve project team performance and timelines.

  • This position will often participate on cross-unit initiatives and may participate on Enterprise initiatives.

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.

  • Begin to 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.

  • Begin to provide direction and review others' analytical work.

  • Begin to translate business requests into analytical solutions.

  • Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

  • Communicates analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.

  • Communicates technical topics to non-technical audience with guidance from manager.

  • Actively participates and may lead group discussions.

  • Creates formal written communication such as memos or presentations with guidance.

  • Networks and collaborates on ideas and challenges.

Talent:

  • Staff responsibilities may include direct management of 1 to 2 individual contributors or interns.

  • Acquisition, retention, and development of talent for assigned unit.

  • Execute and communicate talent development processes, including performance and personal development goals.

  • Talent assessment recommendations.

  • Performance management.

  • Mentor less experienced talent across the Enterprise.

  • Onboard new employees and interns in unit.

  • Support various training and skill development initiatives across assigned 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 STEM related field.

  • Associate Actuarial Credential.

  • Strong PC skills (MS Office) and programming skills (eg.

  • SQL, SAS).

  • 5+ years of quantitative analysis experience.

  • Strong understanding of insurance products and industry.

  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.

  • Management experience.

Leadership:

  • Take ownership of projects including initiating the project, drawing up the project plan, carrying out the action items and make recommendations.

  • 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 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 a few 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 general perspective of certain areas of the industry and developing trends such as: technology, analytic methodology, products and performance of competitors.

  • Begins to be familiar with other key business drivers and discipline areas as well.

Relationship Management:

  • Proactively build and own professional business relationships across the BI&AA community across the Enterprise.

  • Generate and solicit ideas, and build consensus with guidance.

  • Aware of potential conflict and addresses with limited guidance.

  • Begin to acknowledge accomplishments of others within your primary working group.

  • Set and manage expectations with business partners for small projects.

Quantitative Analysis:

  • Evaluate and use appropriate data, tools and methods.

  • Independently perform and implement analytics.

  • May engage in technical/peer review.

  • Begin to design and able to contribute on more complex analytic work.

  • Begin to understand diverse perspectives to effectively accomplish business goals.

What is a Must Have?

  • Bachelor's Degree or equivalent experience.

  • 3 years of experience in quantitative analysis.

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.

About The Travelers Companies, Inc

Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of their customers and anticipating their needs for the future. There is no stronger testament to their dedication to protecting customers from loss than their continued innovation and ability to transform their industry. In fact, from the first-ever auto and space travel policies and hybrid car discount, to the 2009 founding of The Travelers Institute for public policy, their history of advancements has propelled their company—and their industry—towards ever higher standards for customers. Travelers is a company that works hard at the science of what they do: they analyze information, process perspectives and measure results to create the best combination of products and services. They work equally hard at customer service and how they interact with the people whom they do business. Over the years, they've strived to earn their customer's loyalty by continually improving their abilities to listen and respond to their needs.

The Travelers Companies, Inc Careers

Join the vibrant team at The Travelers Companies, Inc, a leader in the insurance industry, and propel your career to new heights with a company known for its commitment to innovation, leadership, and professional growth.

Explore Job Opportunities and Growth

At The Travelers Companies, Inc, we offer a plethora of job opportunities that cater to a variety of skills and professional interests. Whether you're seeking a position in management, customer service, underwriting, or IT, we have a place for you. Our commitment to professional growth means we provide unparalleled career advancement tools and leadership training to help you climb the ladder of success.

Internship Programs: A Gateway to Employment

Kickstart your career with our dynamic internship programs. These opportunities are designed not just to teach, but to challenge and expand your understanding of the industry. Internships at Travelers are a perfect way to enhance your resume and gain valuable real-world experience, making you a competitive candidate for future employment.

Culture and Benefits

At The Travelers Companies, Inc, we pride ourselves on a culture that fosters diversity, networking, and innovation. Our team is our family, and we support each other's professional and personal growth. The benefits at Travelers are comprehensive, designed to meet the diverse needs of our employees, including health, wellness, and continuous education.

Hiring Process: What to Expect

Our hiring process is straightforward and transparent, designed to find passionate, curious, and solution-driven team players. From the initial application and resume submission to the interview, we ensure that every candidate is treated with respect and given a fair chance to demonstrate their capabilities.

Career Development and Training

We believe in nurturing talent and providing our team with the tools they need to succeed. Our career development programs include professional training, diversity training, and skills enhancement workshops. These resources are tailored to foster innovation and empower our employees with the latest industry knowledge and best practices.

Join Our Team

Are you ready to explore the exciting career opportunities at The Travelers Companies, Inc? Search open positions that match your skills and interests. We are always looking for individuals who are driven to innovate and lead.

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Explore Careers at The Travelers Companies, Inc

Embark on a journey of growth, opportunity, and excellence. At The Travelers Companies, Inc, your career is just beginning. Join us and make a difference in a company that values leadership, diversity, and forward-thinking.
Learn more about The Travelers Companies, Inc
Size
30,800 employees
Market Cap
$44.1 billion
Industry
Net Income
$2.6 billion
Founded
1853
5 Year Trend
+4.7%
Revenue
$32 billion
NASDAQ

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