Sr. Director, Actuarial Loss Analytics and Reserving

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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 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.

Actuarial, Data Analytics

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.

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Business Insurance is seeking a highly motivated individual to lead our Property and CAT Loss Analytics & Reserving team. The Sr. Director, Loss Analytics has responsibility for quarterly reserve reviews and trend analyses for the Business Insurance Property markets. In addition, responsibilities also include the monthly and quarterly Current Year CAT estimation and booking processes. The position also includes the opportunity to coordinate with key business partners in Claim, Underwriting, Product and Finance.

• Evaluating a variety of loss reserving techniques to develop the actuarial central estimate.
• Performing complex analyses to identify emerging issues and drivers of frequency and severity trends.
• Working closely with Claim to understand individual claim activity and broader environmental dynamics that may influence the reserve analysis.
• Collaborating with Business Unit and Product actuaries to identify and understand potential impacts of changes in products, underwriting strategy, and book mix.

This position will manage 4 full-time employees.

Strategy:

• Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
• Demonstrate effective execution and completion of assigned strategic initiatives and projects.
• Generate and advocate for process improvements and actively propel innovation in alignment with existing strategy.
• This position will lead assigned unit strategic initiatives and cross-unit initiatives and is expected to participate in Enterprise initiatives on a limited basis.

Operational:

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Drive day to day execution within unit. Begin to drive broad department initiatives.
• Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
• Make decisions independently in accordance with department practices.
• Consistently provide direction and review others' analytical work.
• Begin to translate ambiguous business needs into analytical solutions.
• Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

• Communicates on a regular basis with staff, peers and business partners and on an occasional basis with senior leaders.
• Tailors communication of analysis, project results, and Ռother business initiatives to audience.
• Communicates technical topics to non-technical audiences.
• Leads group discussions with primary working group.
• Creates formalике written communication such as memos or presentations.
• Able to influence and collaborate with peers and partners to take actions to enhance business outcomes.

Talent:

• Staff responsibilities are likely to include direct management of a small team of individual contributors.
• Acquisition, retention, and development of talent for assigned unit.
• Execute and communicate talent development processes, including performance and personal development goals.
• Succession planning and talent assessment recommendations.
• Performance management.
• Support staff engagement cross…