Senior Assistant Pricing Actuary

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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 170 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.

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We are seeking a Senior Assistant Pricing Actuary to be based in London, Redhill, or Dublin office. The ideal candidate will have some prior working experience within a pricing actuarial role and be either part-qualified, nearly qualified or newly qualified. This is an analytic role with responsibility for exposure-based pricing models in Travelers Europe.

The individual in this role is expected to be an influential member of a team of people who support pricing models, pricing data and pricing analysis in the actuarial department.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part‑time employees). This policy may be changed at the Company’s discretion.

Operational:

• Maintain and develop pricing algorithms for Travelers Europe
• Implement those algorithms in the Hyperexponential (HX production system)
• Liaise with underwriters to support use of pricing models
• Run processes for batch rating portfolios of business in Python
• Expand batch rater (and associated standard pricing dataset) to work for more products across Travelers Europe
• Run processes for calibrating base rates
• Prepare data and analysis for actuarial rating validation exercises for specific products
• Contribute to analysis of pricing model data
• Assist with other roles (e.g. case pricing, business planning, reinsurance purchase) carried out by the Travelers Europe pricing team

Communication:

• Communicate analysis, project results, and other business initiatives to peers and business partners
• Communicate technical topics to non-technical audience within the primary working group with guidance from manager
• Actively participate and may lead group discussions at the unit level
• Create formal written communication such as memos or presentations with guidance and peer review
• Network and collaborate on ideas and challenges
• Perform other duties as assigned

• Associate Actuarial Credential
• University degree in STEM related field
• Strong PC skills (MS Office) and programming skills (e.g. SQL, SAS)
• Strong understanding of insurance products and industry
• Demonstrable ability in actuarial and quantitative analysis and statistical concepts

• Take ownership of assigned projects and meetings, make recommendations and present results to business partners
• Proficient in Leading Self, exhibiting self-awareness while also effectively managing ambiguity
• Initial development of Leading Others, including mentoring/training team members
• Initial development of Leading the Business, including actively supporting business goals and being a positive member of the Enterprise culture

• Has an in-depth understanding and knowledge of a few basic business drivers and disciplines such as underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials
• Able to effectively utilise this business knowledge in developing analytic solutions
• Has a foundational perspective of the primary industry and developing trends such as technology, analytic methodology, products and performance of competitors
• Is familiar with a couple other key business drivers and disciplines

• Proactively build and own professional business relationships across the BI&AA community across the Enterprise
• Generate and solicit ideas, and begin to build consensus with guidance
• Aware of potential conflict and begins to address with guidance
• Begin to set and manage expectations with business partners for small projects

• Evaluate and use appropriate data, tools and…