AVP, Sr Actuarial and Analytics - BI Actuarial Product CMP Lead

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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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This is an exciting and unique leadership role as the Travelers Business Insurance Actuarial Product CMP line lead and as the Business Insurance Actuarial & Analytics CMP leadership alignment lead. This position includes leadership for and significant involvement in the continually evolving BOP 2.0 product and our exciting new updates of the product. Reporting to the VP of the Actuarial Product Auto and CMP teams, this position leads a team of eighteen with responsibilities including rate adequacy, benchmark, rate implementation, rate plan management, disruption, post monitoring, line management and building BOP 2.0 in a new rating technology.

The role will include significant partnership with Small Commercial Product Management, Data Science, Small Commercial Actuarial, Regulatory, Select Underwriting, Data & Analytics Value Stream and implementation partners. The successful candidate will have well established leadership skills, a technical and analytical skillset, strong actuarial knowledge and critical thinking, and effective business and technical communication skills.

• Develop strategy for assigned unit with proactive recommendations to business partners. Influence and communicate strategic portfolio recommendations to senior leaders at the Enterprise level.

• Successful execution and completion of strategic portfolio.

• Be a leader of change and innovation.

• In addition to leading a portfolio of assigned strategic initiatives, the position will be an advisor and at times lead on many Enterprise initiatives.

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

• Oversee day to day execution within unit. Consistently drive broad department initiatives.

• Promote efficiency and recommend appropriate resource investment across Market, balance additional effort against incremental lift gained from work.

• Make decisions independently in accordance with Market practices.

• Ask pertinent questions to ensure quality of analytical work.

• Begin to prepare analytical foundations for future business needs.

• Provide support as necessary for initiatives across the Enterprise within the scope of influence.

• Communicates on a regular basis with staff, peers, business partners, and senior leaders.

• Skilled at tailoring communication of analysis, project results, and other business initiatives to audience.

• Skilled at communicating technical topics to non-technical audiences.

• Leads group discussions with multiple disciplines or responsibility levels.

• Skilled at creating formal written communication such as memos or presentations.

• Regularly influences and collaborates with peers and partners to take actions to enhance business outcomes.

• Staff responsibilities are likely to include direct management of a team of leaders and managers.

• Acquisition, retention, and development of talent for assigned department.

• Execute, communicate, and influence standards for talent development processes, including performance and personal development goals.

• Succession planning and talent assessment recommendations.

• Performance management including workforce planning.

• Support staff engagement in cross Enterprise initiatives.

• Mentor less experienced talent across the Enterprise.

• Identify training and skill development needs across assigned Segment and the Enterprise.

• Support recruiting efforts and candidate talent assessment efforts across the Enterprise.

• Perform other duties as assigned.

• College degree in STEM related field.
• Associate Actuarial Credential.
• Demonstrated organizational leadership ability.
• 15+ years of quantitative analysis experience.
• Proven track record of developing and executing strategy.
• Strong understanding of insurance products and industry.
• Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
• Exceptional influencing and/or consulting skills; able to build consensus among a…