Senior Manager Actuarial & Analytics (Reserving Modernization)

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

$120,400.00 – $198,700.00

Target Openings

1

What Is the Opportunity?

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 at Travelers. This role will collaborate with different business functions including the team in Corporate Actuarial, the reserving teams in the business segments, 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.

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.

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.
• 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 and serving as an additional resource to accelerate efforts.
• Lead efforts in researching, testing, and implementing generative AI tools to assist with reserve analysis.
• Potential involvement in management of the reserve capabilities program.
• 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.

What Will Our Ideal Candidate Have?

• College degree in STEM related field.
• Associate Actuarial Credential.
• Strong PC skills (MS Office) and programming skills (e.g., 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 making recommendations.
• Proficient in Leading Self, exhibiting decisiveness and self-awareness while also effectively managing ambiguity.
• Initial development of Leading Others, including modeling the way for others and leading team projects.
• Initial development of Leading the Business, including actively engaging in driving business results.

Business Acumen:

• Has an in-depth understanding and knowledge of key business drivers and disciplines such as underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
• Able to effectively utilize this business knowledge in developing analytic solutions.
• Has a general perspective of certain areas of the industry and developing trends.
• Begins to be familiar with other key business drivers and discipline areas as well.

Relationship Management:

• Proactively build and own professional business relationships across the BI&AA community.
• Generate and solicit ideas, and build consensus with guidance.
• Aware of potential conflict and addresses with limited guidance.
• Begin to acknowledge accomplishments of others within your primary working group.
• Set and manage expectations with business partners for small projects.

Quantitative Analysis:

• Evaluate and use appropriate data, tools and methods.
• Independently perform and implement analytics.
• May engage in technical/peer review.
• Begin to design and contribute on more complex analytic work.
• Begin to understand diverse perspectives to effectively accomplish business goals.

What is a Must Have?

• Bachelor’s Degree or equivalent experience.
• 3 years of experience in quantitative analysis.

What Is in It for You?

• Health Insurance: Employees and their eligible family members are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.

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.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.