Senior Manager, Actuarial and Analytics – Reserving Modernization

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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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The Corporate Actuarial team is looking for a curious, organized, and motivated individual to join our team. This new position is designed to further enhance the analytic capabilities of the loss analytics and reserving function s role will collaborate with different business functions including the team in Corporate Actuarial, the reserving teams in the business segments (BI, PI, BSI, Intl), ERM, Legal, Audit, and senior actuarial management.

This role will be a valuable resource as we invest in new analytic approaches and capabilities that aim to deepen the loss reserve insights that we are able to provide to the business. The position will not have any formal direct reports, but there will be opportunities to informally lead and influence others in this role including individuals who may be more senior.

The work will include:

• Conduct exploratory reserve analysis efforts using new tools and methodologies (i.e. proof of concepts of external vendor tools)
• Support the ideation and hands on build of any internal tools identified to meet business needs
• Partner with segment actuaries on in flight work including providing peer review support, serving as an additional resource to accelerate efforts, and by helping to broaden applicability of approaches/capabilities across the segments
• Lead efforts in researching, testing, and implementing generative AI tools to assist with reserve analysis
• Potential involvement in management of the reserve capabilities program (prioritization of work, recruitment and management of resources, and informal leadership of project teams)
• Assist with year-end actuarial reserve work as a part of the traditional Corporate Actuarial responsibilities where needed

In this role, the candidate would deepen their understanding of the existing reserving and loss analytic toolset and methodologies across Travelers, learn about current challenges and opportunities within our reserving functions, gain exposure to advanced techniques being employed in the analysis of loss reserves in the industry, and engage with external partners in the evaluation of tools and capabilities in the market.

Ideal candidates will have familiarity with traditional reserving methods and approaches, strong critical thinking skills, an analytic curiosity with a willingness to test and learn new techniques and approaches, a strong technical background, and the ability to drive projects forward with limited guidance. Experience performing reserve reviews in a previous role is preferred but is not required.

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.…