Director, Actuarial and Analytics - Business Insurance Liability

Overview

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.

Salary Range: $ - $

Target Openings: 1

What Is the Opportunity? As a Director on the BI Actuarial Product – Liability team, you will take ownership of General Liability, Professional Liability, and Umbrella Benchmarks across Business Insurance. In this role, you will lead a team of two direct reports and guide development, implementation, and maintenance of Benchmark tools. With initiatives underway to modernize Liability products, advanced Benchmark tools are critical to our analytics edge.

If you are passionate about leveraging analytical tools and driving business success, we want to hear from you!

Role Specific Focus:

• Take ownership of Benchmark tools for General Liability, Umbrella, and Professional lines across Business Insurance including leading development, implementation, and maintenance.
• Manage two direct reports.
• Drive Benchmark initiatives forward as part of modernized Umbrella and GL rating and data.
• Leverage advanced analytics tools to monitor portfolio mix and Benchmark effectiveness.
• Effectively communicate with business partners, with ability to convey technical details concisely, translate business requests into analyses, and provide actionable insights.
• Partner with Cross Lines Initiatives and other Benchmark leads to drive methodology, consistency, and efficiency.
• Support for other Liability analyses and initiatives such as Rate Adequacy, Casualty Reinsurance, Line Management, or other pricing studies.

What Will You Do?

Strategy:

• Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
• Demonstrate effective execution and completion of assigned strategic initiatives and projects.
• Regularly generate process improvements and explore opportunities for innovation.
• Lead assigned unit strategic initiatives (narrow scope, limited and well defined) and cross-unit initiatives on a limited basis 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. Support broad department initiatives.
• 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.
• Provide direction and review others  analytical work.
• Translate business requests 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 other business initiatives to audience.
• Communicates technical topics to non-technical audiences with limited guidance.
• Leads group discussions with primary working group.
• Creates formal written communication such as memos or presentations with limited guidance.
• 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…