Senior Manager - Bond and Specialty Insurance Pricing

Travelers; Hartford (CT); On-site; USD 120,000 - 199,000; Full time

Job summary

Travelers in Hartford, CT, is seeking an experienced actuary to join the Professional Liability pricing team. You will help modernize rate plans, partner with underwriting and business partners, and drive profitability through analytic insights.

This role provides actuarial support for the PL product line, including rate reviews, filings, and strategic analyses. A STEM degree and an Associate Actuarial Credential are preferred, with 5+ years of quantitative experience.

Qualifications

• 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.

Responsibilities

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Drive day to day execution within unit and support department initiatives.
• Translate business requests into analytical solutions and provide direction on complex analyses.
• Collaborate with Product Management, IT, Regulatory, and Reserving to implement strategy.
• Mentor junior staff and contribute to talent development across the Enterprise.

Education

College degree in STEM related field

Associate Actuarial Credential

Tools

SQL

SAS

MS Office

Job description

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 170 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, 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.

$120,400.00 - $198,700.00

Target Openings

1

What Is the Opportunity?

Bond & Specialty Insurance (BSI) is seeking a highly motivated individual to join the actuarial pricing team. BSI is in the process of modernizing our rate plans and product delivery, and this is an excellent opportunity to be a part of this transformative effort alongside our business partners.

This position will provide actuarial support for our Professional Liability (PL) Business Unit, which provides Errors & Omissions (E&O) coverage for key strategic business segments. In this role, you will have the chance to partner directly with underwriting and business partners to drive profitable results through development of rate plans and providing analytic insights to help set strategy for the business.

Support of the PL products involves assessing coverage profitability through rate adequacy analysis, rate reviews, and other ad hoc analysis, along with rate filings and other analyses to facilitate strategy implementation. A high level of engagement with Product Management and Business Unit partners is a key component of success in this role.

Other key partners in this role will include Research & Development, Business Intelligence & Analytics, IT, Regulatory, and Reserving.of a small team.

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. Proficien