Senior Actuarial Analyst (Reserving)

The Travelers Indemnity Company; Toronto; On-site; CAD 60,000 - 75,000; Full time

Job summary

A leading company in the insurance sector is seeking a Sr. Analyst in Actuarial and Analytics. This entry-level position involves managing operational tasks such as reserving, pricing, and project management. The ideal candidate will have a STEM degree and basic programming skills, eager to learn and develop in a team-oriented environment. Benefits include health insurance, a retirement plan, and generous PTO.

Benefits

Health Insurance

Retirement Plan

Paid Time Off

Wellness Program

Volunteer Encouragement

Qualifications

• University degree in a STEM-related field.
• Internship or relevant work experience preferred.

Responsibilities

• Manage operational assignments like reserving and pricing.
• Participate in strategic projects and implement solutions.
• Report findings and develop understanding of discussions.

Skills

Leadership

Self-awareness

Data analysis

Education

Bachelor’s Degree

Tools

MS Office

SQL

SAS

Job description

Who Are We?

Solid reputation, passionate people, and endless opportunities. That’s Travelers. Our strong financial position and consistent operating returns provide security for our customers and opportunities for our employees. Travelers is a dynamic workplace where you can truly make a difference.

Target Openings

1

What Is the Opportunity?

The Sr. Analyst, Actuarial and Analytics is an entry-level role responsible for managing operational assignments such as reserving, reinsurance, rate-making, pricing, regulatory filings, planning/forecasting, project management, CAT modeling, ERM, and research. The ideal candidate is a team player eager to learn and develop.

What Will You Do?

1. Strategy:
   • Participate in strategic projects, with responsibility for specific components.
   • Implement solutions for assigned project parts.
   • Work thoughtfully and efficiently as part of a team.
   • Contribute to cross-unit initiatives as appropriate.
2. Operational:
   • Update basic actuarial and analytical analyses under supervision.
   • Support team initiatives.
   • Identify and implement process efficiencies.
   • Support initiatives within Canada and across the enterprise as needed.
3. Communication:
   • Report progress, findings, and results to managers.
   • Develop understanding of actuarial, analytical, and financial discussions, and participate in meetings.
4. Talent:
   • Assist with onboarding new employees and interns.
   • Perform additional duties as assigned.

What Will Our Ideal Candidate Have?

• University degree in a STEM-related field.
• Basic PC skills (MS Office) and programming skills (e.g., SQL, SAS).
• Internship or relevant work experience preferred.
• Developing leadership skills, self-awareness, and a desire to learn.
• Understanding of key business drivers such as underwriting, products, reinsurance, distribution, sales, operations, risk control, claims, and financials.
• Ability to utilize business knowledge for analytic solutions.
• Begin developing working relationships within the team and sharing ideas proactively.
• Ability to perform basic data analysis using available tools.

What Is a Must Have?

• Bachelor’s Degree or equivalent experience.

What Is in It for You?

• Health Insurance: Coverage from day one for employees and eligible family members.
• Retirement: Core contribution of 3% to the Deferred Profit Sharing Plan and matching contributions up to 5% of base pay.
• Paid Time Off: Minimum of 20 days PTO annually, with options to purchase additional days, plus 12 paid holidays.
• Wellness Program: Resources and tools to support health, mental health, and caregiving needs.
• Volunteer Encouragement: Programs to support community involvement and charitable giving.

Employment Practices

Travelers is an equal opportunity employer committed to diversity and inclusion. We provide accommodations for persons with disabilities during recruitment and employment processes. For questions about physical requirements, contact us via email. We reserve the right to fill this position at a level above or below the advertised level. For more information on our benefits, visit our benefits page.