Director, Actuarial & Analytics - BSI Pricing

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 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.


Job Category


Actuarial, Data Analytics


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

$ - $


Target Openings


1


What Is the Opportunity?

Bond and Specialty Insurance (BSI) is seeking a highly motivated individual to join the actuarial pricing team. This position will lead actuarial support for our Professional Liability (PL) Business Unit, which provides Errors & Omissions (E&O) coverage for key strategic business segments. As PL lead actuary, this role will partner directly with the business to drive profitable results through development of rate plans and providing analytic insights to help set strategy for the business.

As lead PL Actuary, specific responsibilities include supporting five distinct customer segments within the business unit. This involves assessing profitability of each segment through rate adequacy and other ad hoc analyses. Periodic rate reviews and completion of rate filings are also to be expected. A high level of engagement with Product Management and Business Unit leadership is a key component to successfully filling this role.

This role will manage two direct reports.

The Director, Actuarial and Analytics is an analytic leadership role that is responsible for the implementation of a variety of actuarial/statistical techniques and analyses which may include reserving, rate making, pricing, planning/forecasting, project management and research. This role is expected to execute strategic and operational initiatives, drive change within assigned unit, provide analytical insights and recommendations to leadership and business partners, and share ownership of the business's financial results.

The Director, Actuarial and Analytics will work within broad limits and authority on complex assignments requiring specialized knowledge and expertise in breadth and/or depth in one or more of the following areas:
Actuarial and/or research methods Advanced statistical analyses Broad business knowledge In-depth Line of Business knowledge Broader awareness of enterprise Actuarial & Analytics community. This role may act as a manager of a small team.
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.
• Regularly generate process improvements and explore opportunities for innovation.
• Lead assigned unit strategic initiatives (narrow scope, limited and well defined) and cross-unit initiatives on a limited basis and is expected to participate in Enterprise initiatives on a limited basis.

• Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
• Drive day to day execution within unit. Support broad department initiatives.
• Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
• Begin to make decisions independently in accordance with department practices.
• Provide direction and review others' analytical work.
• Translate business requests into analytical solutions.
• Provide support as necessary for initiatives across the Enterprise within the scope of influence.

• Communicates on a regular basis with staff, peers…