Director, Decision Science, Bond and Specialty Insurance R&D

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 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.

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

$135,700.00 - $223,900.00

Target Openings

1

What Is the Opportunity?

This analytic leadership role within our Research and Development team is responsible for partnering with business stakeholders to solve complex technical problems through data-driven solutions and innovative approaches. The position requires leveraging diverse analytical methodologies and emerging technologies to assess business processes, drive operational efficiency, and execute strategic initiatives. You will provide analytical insights and recommendations to leadership and business partners to guide strategic decision-making and develop creative solutions for various business challenges. If you have a passion for making a meaningful business impact by solving problems through innovative technical approaches and utilizing the latest technology, this position offers an exciting opportunity to lead analytical transformation.

- Lead and coordinate initiatives around third party data within the Research and Development team. Assess usefulness for prefill opportunities.
- Assist in driving innovative technical solutions, develop tools and provide analytic assessments in support of Bond’s initiatives around frictionless underwriting.
- Produce analyses which help drive strategic business decision making around the sales, customer and underwriting portfolios.
- Support Strategic Platform projects as need arises.
- Participate in other analytic projects/research/experiments as questions from the business areas arise
- Collaborate and coordinate with various technology teams to ensure quality product.
- Ensure smooth transition as LLMs and models are updated, including developing appropriate testing protocols.
- Maintain awareness of technical advancements in order to determine best solutions for new projects and ensure continuous improvement for existing solutions.

What Will You Do?

• Direct the team in determining and using appropriate techniques that may include diagnostic analysis, active monitoring and/or multivariate modeling methods that can be used to influence strategic business decisions by balancing constraints and opportunities.
• Be a mentor or resource for less experienced analytic talent, onboard new employees and interns, and provide support for recruiting and talent assessment efforts.
• Explore and implement new data and analytic tools, techniques and industry best practices to apply to business problems.
• Interpret and synthesize findings across multiple analyses and influence optimal business action based on balancing business constraints and analytical findings.
• Build organizational partnerships across lines and functional teams to define and inform key strategic decisions.
• Ensure sound data strategy, quality, and coding best practices and bring recommendations and suggestions for improvements to supporting areas.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s Degree in a STEM related field, or a Business School Master’s Degree with a concentration in a technical or analytical field.
• Seven years of related data and analytic experience.
• Experience using explanatory, diagnostic, and inferential techniques such as experimental design, hypothesis testing, clustering analysis, time series and other statistical modeling algorithms with the ability to decide the appropriate methodology for the purpose.
• Experience working on large-scale multidimensional data using advanced knowledge of open-source cloud-enabled analytical programming languages.
• Experience leading and managing complex projects.
• Ability to think strategically and use judgement to resolve issues as they arise.
• Excellent communication skills with the ability to interact, tailor, and translate analyses and methodology and influence at senior levels of the organization.
• Proactively build and own professional business relationships across the Enterprise.

What is a Must Have?

• Bachelor’s degree or five years of experience in data, analytics, engineering, science, technical analytical fields or relevant experience.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – 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. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• 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. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

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.

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

If you are a candidate and have specific 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.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.