The Travelers Companies, Inc.

Sr Director, Actuarial & Analytics, WC Loss Analytics

Posted on Feb 24 380 views Hartford, CT


Company Summary
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 160 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.

Target Openings
1

Job Description Summary
The Sr. Director, Business Insurance Workers Comp (WC) Loss Analytics position is a role responsible for leading the Guaranteed Cost WC reserving and loss analysis function within Business Insurance. This role is expected to execute strategic and operational initiatives, drive change within the Loss Analytics unit, and influence leaders up to the VP level. By playing a key role in understanding the drivers of WC loss content, this position will help drive profitable business growth. This position will work within broad limits and authority on complex initiatives requiring specialized knowledge and expertise in breadth and/or depth in several of the following areas: loss reserving methods and process, advanced statistical analyses, in-depth WC knowledge, market and economic influences on the line, understanding of the claim handling process and its influences on loss estimates, and broader awareness of enterprise Actuarial & Analytics community. This role will include direct management of a small team of individual contributors.

Primary Job Duties & Responsibilities
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 other business initiatives to audience.
  • Communicates technical topics to non-technical audiences.
  • Leads group discussions with primary working group.
  • Creates formal written communication such as memos or presentations.
  • Influences and collaborates with peers and partners to take actions to enhance business outcomes.

Talent:

  • Staff responsibilities will 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 Enterprise initiatives.
  • Mentor less experienced talent across the Enterprise.
  • Onboard new employees and interns in unit.
  • Support various training and skill development initiatives across Segment and the Enterprise.
  • May provide support for recruiting efforts and candidate talent assessment efforts.

Minimum Qualifications
  • Bachelors Degree or equivalent experience required.
  • 5 years of comprehensive quantitative analysis experience required.

Education, Work Experience, & Knowledge
  • College degree in STEM related field.
  • Associate Actuarial Credential preferred.
  • 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 (eg. SQL, SAS).

Job Specific Technical Skills & Competencies
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 also 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, broad thinking and promoting an Enterprise culture.

Business Acumen:

  • Has an in-depth understanding and knowledge of certain 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 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 broader organization.
  • Set and manage expectations with business partners for 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.

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.


If you have questions regarding the physical requirements of this role, please send us an email so we may assist you.


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