Senior Director Actuarial & Analytics (National Accounts)

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

$146,400.00 – $241,600.00

Target Openings

1

What Is the Opportunity?

The Sr. Director, Actuarial and Analytics is an analytic leadership role responsible for an assigned unit typically involved in reserving, rate-making, pricing, planning/forecasting, project management, and research. This role is expected to execute strategic and operational initiatives, drive change within the assigned unit, and influence leaders up to the VP level with business partners in the assigned area.

The Sr. Director, Actuarial and Analytics will work within broad limits and authority on complex initiatives requiring specialized knowledge and expertise in several areas, including actuarial and/or research methods, advanced statistical analyses, broad business knowledge, and in-depth Line of Business knowledge.

This role may lead a team.

Core responsibilities include all account-specific interactions with the underwriting and business teams, both field and home office, such as loss rating, excess reviews, collateral discussions, and underwriting discussions. Under this individual’s leadership, the team is responsible for account pricing for all segments of National Accounts as well as Middle Market loss sensitive and International accounts.

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.

• 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.

Operational:

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.

• Drive day-to-day execution within the unit and begin to drive broad department initiatives.

• Promote efficiency across the 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:

• Communicate regularly with staff, peers, and business partners, and occasionally with senior leaders.

• Tailor communication of analysis, project results, and other business initiatives to the audience.

• Communicate technical topics to non-technical audiences.

• Lead group discussions with the primary working group.

• Create formal written communication such as memos or presentations.

• Able to influence and collaborate with peers and partners 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 the 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 Enterprise initiatives.

• Mentor less experienced talent across the Enterprise.

• Onboard new employees and interns in the unit.

• Support various training and skill development initiatives across 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 a STEM-related field.

• Associate Actuarial Credential.

• 8+ years of quantitative analysis experience.

• Strong understanding of insurance products and industry.

• Demonstrated ability in actuarial and quantitative analysis and statistical concepts.

• Leadership experience.

• Excellent communication, collaboration, and relationship-building skills.

• Excellent communication skills with the ability to present and translate complex information to leadership and non-technical teams.

• Strong PC skills (MS Office) and programming skills (e.g., SQL, SAS).

Leadership:

• Begins to challenge conventional thinking.

• Takes ownership of projects related to strategic initiatives and often makes independent recommendations to influence business outcomes.

• Proficient in Leading Self, including exhibiting decisiveness and self-awareness while effectively managing ambiguity.

• Development of Leading Others, including modeling the way for others and leading cross-unit projects.

• Initial development of Leading the Business, including actively engaging in driving business results and promoting an Enterprise culture.

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, claims, and financials.

• Able to effectively utilize this business knowledge in developing and implementing analytic solutions.

• Has perspective on the industry and developing trends, including technology, analytic methodology, products, and performance of competitors.

• Is familiar with most other key business drivers and disciplines.

Relationship Management:

• Proactively build and own professional business relationships across the Enterprise.

• Generate and solicit ideas, and drive consensus.

• Aware of potential conflict and address proactively.

• Acknowledge accomplishments of others to the broader organization.

• Set and manage expectations with business partners for a portfolio of projects.

• Understand diverse perspectives to effectively accomplish business goals.

Quantitative Analysis:

• Able to introduce innovative techniques to both new and existing problems.

• Independently perform and implement complex analytics.

• Leads and actively engages in technical/peer reviews.

• Regularly offers technical consultative feedback.

• Can assess various technical solutions to optimize analytical outcomes.

• Occasionally recognizes emerging issues that require a quantitative solution within own portfolio of work.

What is a Must Have?

• Bachelor’s Degree or equivalent experience.

• 5 years of comprehensive quantitative analysis experience.

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. If you have student loan debt, you can enroll in the Paying it Forward Savings Program.
• 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 and caregiving needs.
• 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.