About the Role
The Manager, Actuarial and Analytics 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 supporting pricing models, data, and analysis within the actuarial department.
Responsibilities
- Maintain and develop pricing algorithms for Travelers Europe.
- Implement pricing algorithms in the Hyperexponential (HX production system).
- Liaise with underwriters to support the use of pricing models.
- Run processes for batch rating portfolios of business in Python.
- Expand the batch rater and associated standard pricing dataset to support 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 the analysis of pricing model data.
- Assist with other pricing team functions such as case pricing, business planning, and reinsurance purchase.
- Communicate analysis, project results, and business initiatives to peers and business partners.
- Communicate technical topics to a non-technical audience within the primary working group with guidance from a manager.
- Actively participate and potentially 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.
Requirements
- Associate Actuarial Credential.
- University degree in a STEM-related field.
- Strong PC skills (MS Office).
- Strong 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 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.
- In-depth understanding and knowledge of basic business drivers and disciplines such as underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
- Effectively utilize business knowledge in developing analytic solutions.
- Foundational perspective of the primary industry and developing trends such as technology, analytic methodology, products, and competitor performance.
- Familiarity with other key business drivers and disciplines.
- Proactively build and own professional business relationships across the BI&AA community.
- Generate and solicit ideas, and begin to build consensus with guidance.
- Aware of potential conflict and begins to address it with guidance.
- Begin to set and manage expectations with business partners for small projects.
- Evaluate and use appropriate data, tools, and methods.
- Perform analytics independently and effectively plan next steps within analyses with little oversight.
- May perform technical review of team work product.
- Contribute on more complex analytical work with guidance.
- Bachelor's Degree or equivalent experience.
- Demonstrable experience in quantitative analysis.
Skills
- MS Office
- SQL
- SAS
- Quantitative analysis
- Statistical concepts
- Actuarial analysis
Location
- Travelers Europe
Work Type
- Hybrid
- Full-time
Experience Level
- Manager
Education Level
- University degree in STEM related field
- Bachelor's Degree or equivalent experience
Benefits
- Private Medical Insurance (single cover provided, option to add dependents at expense).
- Pension Plan with core company contribution and increased contribution for employee contributions.
- Minimum 25 days holiday entitlement annually, with the option to purchase additional days up to 35.
- Wellness programme including tools, discounts, resources, and mental health support with access to free professional counseling.
- Volunteer Encouragement through Matching Gift and Volunteer Rewards programme.
- Coverage from the first day of employment for employees and eligible family members (spouses, domestic partners, children).
About the Company
- Taking care of our customers, our communities and each other is the Travelers Promise.
- Maintained reputation as one of the best property casualty insurers in the industry for over 170 years.
- Culture rooted in innovation and thrives on collaboration.
- Has more than 30,000 employees in the United States, Canada, the United Kingdom, and Ireland.
- Recognized by organizations such as G.I. Jobs and Military Times.
- Employees are valuable assets to their hometowns, volunteering for important causes each year.
Equal Opportunity
- 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 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.
- Our 10 Diversity Networks celebrate culture and communities and create spaces for all employees through powerful forums for dialogue and support.
