Pricing Actuary

Travelers; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading property casualty insurer seeks a Manager, Actuarial and Analytics in London. In this role, you will lead strategic initiatives, perform complex analyses, and support talent development within the team. Ideal candidates will have a strong background in quantitative analysis and experience in the insurance industry.

Benefits

Private Medical Insurance

Retirement Plan Contributions

Minimum 25 Days Holiday Entitlement

Wellness Programme

Volunteer Encouragement Program

Qualifications

• Demonstrable experience in quantitative analysis required.
• Strong understanding of insurance products and industry.
• Leadership and mentoring skills preferred.

Responsibilities

• Lead execution of strategic initiatives and projects within the actuarial team.
• Independently perform analyses to resolve business problems.
• Communicate project results to peers and business partners.

Skills

Quantitative Analysis

Statistical Concepts

Project Management

Strong PC Skills

Education

Bachelors Degree

Associate Actuarial Credential

Tools

SQL

SAS

MS Office

Job description

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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 Category

Actuarial

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 Category

Actuarial

Target Openings

1

What Is the Opportunity?

The Manager, Actuarial and Analytics is an analytic leadership role that encompasses the shared responsibility of project and strategic execution with actuarial, analytic and business partners, in addition to assigned operational assignments which may include reserving, reinsurance, pricing, regulatory reporting, planning/forecasting, project management, CAT modelling, ERM and research. The individual in this role is expected to be an influential member of project teams, providing analytical insights and recommendations to leadership and Business unit partners. The Manager, Actuarial and Analytics will work on complex assignments requiring specialised knowledge and expertise in breadth and/or depth in one or more of the following areas: Actuarial and/or research methods, Advanced statistical analyses, Solid business knowledge, Line of Business knowledge.

What Will You Do?

1. Strategy:
2. Participate in a lead role in the successful execution and completion of assigned strategic initiatives and projects.
3. Develop solutions to resolve challenges of an initiative.
4. Propose change and innovation in order to improve project team performance and timelines.
5. This position will often participate on cross-unit initiatives and may participate on Europe and Enterprise initiatives.
6. Operational:
7. Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
8. Support and drive components of unit initiatives. Begin to support broad department initiatives.
9. Take accountability for process efficiencies within assignments.
10. Begin to make proposals in accordance with department practices.
11. Provide support as necessary for initiatives within Europe or across the Enterprise within the scope of influence.
12. Communication:
13. Communicates analysis, project results, and other business initiatives to peers and business partners.
14. Communicates technical topics to non-technical audience within the primary working group with guidance from manager.
15. Actively participates and may lead group discussions at the unit level.
16. Creates formal written communication such as memos or presentations with guidance and peer review.
17. Networks and collaborates on ideas and challenges.
18. Talent:
19. Retention and development of assigned staff.
20. Execute and communicate talent development processes, including performance and personal development goals.
21. Talent assessment recommendations.
22. Performance management.
23. Mentor less experienced talent within Europe or across the Enterprise.
24. Onboard new employees and interns in the unit.
25. Support various training and skill development initiatives across assigned Segment, Europe and the Enterprise.
26. May provide support for recruiting efforts and candidate talent assessment efforts.
27. Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Associate Actuarial Credential preferred.
• University degree in STEM related field.
• Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
• Strong understanding of insurance products and industry.
• Demonstrable ability in actuarial and quantitative analysis and statistical concepts.
• Leadership:
• Take ownership of assigned projects and meetings, make recommendations and presents results to business partners.
• Proficient in Leading Self, exhibiting self-awareness while also effectively managing ambiguity.
• Initial development of Leading Others, including mentoring/training team members.
• Initial development of Leading the Business, including actively supporting business goals and being a positive member of the Enterprise culture.
• Business Acumen:
• Has an in-depth understanding and knowledge of a few basic business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
• Able to effectively utilise this business knowledge in developing analytic solutions.
• Has a foundational perspective of the primary 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:
• Proactively build and own professional business relationships across the BI&AA community across the Enterprise.
• Generate and solicit ideas, and begin to build consensus with guidance.
• Aware of potential conflict and begins to addresses with guidance.
• Begin to set and manage expectations with business partners for small projects.
• Quantitative Analysis:
• Evaluate and use appropriate data, tools and methods.
• Able to perform analytics independently, can effectively plan next steps within analyses with little oversight.
• May perform technical review of team work product.
• Able to contribute on more complex analytical work with guidance.

What is a Must Have?

• Bachelors Degree or equivalent experience required.
• Demonstrable experience in quantitative analysis required.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that 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 programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers 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.