The Travelers Companies, Inc

VP, Actuarial and Analytics - Personal Insurance

The Travelers Companies, Inc$206K — $332K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a STEM-related field.
  • FCAS (Fellow of the Casualty Actuarial Society) credential required.
  • 15+ years of quantitative analysis experience.
  • Demonstrated leadership abilities.
  • Strong understanding of insurance products and industry nuances.

Responsibilities

  • Develop and communicate organizational strategy and long-term vision.
  • Lead and execute a diverse strategic portfolio.
  • Drive change and innovation across the organization.
  • Oversee operations and empower day-to-day execution within the department.
  • Approve key decisions resulting from actuarial analyses.

Benefits

  • Health insurance coverage for employees and eligible family members from day one.
  • Generous 401(k) match and pension plan, supporting student loan repayments.
  • Minimum of 20 paid time off days annually plus nine paid holidays.
  • Comprehensive wellness and mental health programs available to all employees.
  • Encouragement and support for community involvement through matching gift programs.
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
$206,000.00 - $332,200.00

Target Openings
1

What Is the Opportunity?
The VP, Actuarial and Analytics II is a senior analytic leadership role that encompasses broad strategic vision development, strategy execution, operational, and talent responsibilities for a department typically involved in reserving, rate-making, pricing, planning/forecasting, project management and research. Leadership responsibilities encompass Business Unit or line of business. This role is expected to promote and drive change within the assigned business area and across the Travelers.

What Will You Do?

Strategy:

  • Develop organizational strategy and long term vision. Influence and communicate strategic portfolio recommendations to senior leaders at the Enterprise level.

  • Create environment for the successful execution and completion of entire strategic portfolio.

  • Be a leader of change and innovation across the organization.

  • In addition to leading a portfolio of assigned strategic initiatives, the position will be an advisor on many Enterprise-wide initiatives, and at times lead Enterprise initiatives.

Operational:

  • Approve decisions resulting from team’s actuarial and analytic analyses.

  • Empower day to day execution within department. Consistently drive broad department initiatives.

  • Promote efficiency and influence appropriate resource investment across Segment, balance additional effort against incremental lift gained from work.

  • Make decisions independently in accordance with Enterprise practices.

  • Ask pertinent questions to ensure quality of analytical work.

  • Prepare analytical foundations for future business needs.

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

Communication:

  • Communicates on a regular basis with staff, peers, business partners, and senior leaders.

  • Tailors communication of analysis, project results, and other business initiatives to audience.

  • Skilled at communicating technical topics to non-technical audiences.

  • Leads group discussions with multiple disciplines or responsibility levels, including senior leader.

  • Skilled at creating formal written communication such as memos or presentations.

  • Identifies actions to enhance business outcomes and influence peers and partners to take action.

Talent:

  • Staff responsibilities are likely to include direct management of a team of leaders.

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

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

  • Proactive succession planning and talent assessment recommendations.

  • Performance management including workforce planning.

  • Support staff engagement in cross Enterprise initiatives.

  • Develop talent management strategy.

  • Mentor less experienced talent across the Enterprise.

  • Sponsor training and skill development initiatives across assigned Segment and the Enterprise.

  • Support recruiting efforts and candidate talent assessment efforts across the Enterprise.

  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • College degree in STEM related field.

  • Fellow of the Casualty Actuarial Society (FCAS) Credential.

  • Demonstrated leadership ability.

  • 15+ years of quantitative analysis experience.

  • Proven track record of developing and executing strategy.

  • Strong understanding of insurance products and industry.

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

  • Exceptional influencer and/or consulting skills; able to build consensus among a diverse group of stakeholders.

  • Excellent communication skills with the ability to present and translate complex information to senior leadership and non-technical teams.

  • PC skills (MS Office).

Leadership:

  • Promotes a culture that challenges conventional thinking.

  • Exercises decision-making authority over projects/portfolios of projects and makes independent recommendations to influence business outcomes.

  • Proficient in Leading Self including exhibiting decisiveness and self-awareness while also effectively managing ambiguity.

  • Proficient in Leading Others including modeling the way for others, forging synergy and participative management .

  • Demonstrates mastery of and mentors others on Leading the Business including actively engaging in driving business results, broad thinking, change management and promoting an Enterprise culture.

Business Acumen:

  • Has an in-depth understanding and knowledge of most business drivers and disciplines as well as their interrelationships.

  • Areas include, but are not limited to: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financial.

  • Has a perspective on the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.

  • Able to effectively utilize this business knowledge in developing and implementing analytic solutions and anticipate the impact of market dynamics on Travelers performance.

  • May influence the insurance industry.

Relationship Management:

  • Proactively build, own, and leverage business relationships across the Enterprise.

  • Encourage cross-functional teams to allow for sharing of ideas across the Enterprise.

  • Identify and address areas of tension across organizations with business partners and suggest any necessary changes.

  • Expose accomplishments of other disciplines to their own organization.

  • Alongside business partners, develop long term strategy and road maps for the Enterprise.

  • Develop a culture that promotes understanding diverse perspectives.

Quantitative Analysis:

  • Able to introduce innovative techniques to both new and existing problems, and influence the business by recommending solutions.

  • Stays aware of advancements in analytical techniques and technology used to implement them.

  • Regularly offers technical consultative feedback.

  • Can assess various technical solutions to optimize analytical outcomes.

  • Consistently recognizes and solves for emerging issues that require a quantitative solution within and outside functional area.

What is a Must Have?

  • Bachelor's Degree or equivalent experience.

  • 10 years of comprehensive quantitative analysis experience.

  • Project or people management experience.

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.

Stay Connected

Keep up to date with the latest news, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the rewarding opportunities that await at The Travelers Companies, Inc.

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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