Actuarial Development Program Jobs in Connecticut

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.

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

$206,000.00 - $332,200.00

Target Openings

1

What Is the Opportunity?

The VP, Actuarial and Analytics II is a senior analytic leadership role that encompasses broad strategic vision development, strategy execution, operational, and talent responsibilities for a department typically involved in reserving, rate-making, pricing, planning/forecasting, project management and research. Leadership responsibilities encompass Business Unit or line of business. This role is expected to promote and drive change within the assigned business area and across the Travelers.

What Will You Do?

Strategy:

• Develop organizational strategy and long term vision. Influence and communicate strategic portfolio recommendations to senior leaders at the Enterprise level.

• Create environment for the successful execution and completion of entire strategic portfolio.

• Be a leader of change and innovation across the organization.

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

Operational:

• Approve decisions resulting from team's actuarial and analytic analyses.

• Empower day to day execution within department. Consistently drive broad department initiatives.

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

• Make decisions independently in accordance with Enterprise practices.

• Ask pertinent questions to ensure quality of analytical work.

• Prepare analytical foundations for future business needs.

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

Communication:

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

• Tailors 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, including senior leader.

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

• Identifies actions to enhance business outcomes and influence peers and partners to take action.

Talent:

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

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

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

• Proactive succession planning and talent assessment recommendations.

• Performance management including workforce planning.

• Support staff engagement in cross Enterprise initiatives.

• Develop talent management strategy.

• Mentor less experienced talent across the Enterprise.

• Sponsor training and skill development initiatives across assigned Segment and the Enterprise.

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

• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• College degree in STEM related field.

• Fellow of the Casualty Actuarial Society (FCAS) Credential.

• Demonstrated 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 influencer and/or consulting skills; able to build consensus among a diverse group of stakeholders.

• Excellent communication skills with the ability to present and translate complex information to senior leadership and non-technical teams.

• PC skills (MS Office).

Leadership:

• Promotes a culture that challenges conventional thinking.

• Exercises decision-making authority over projects/portfolios of projects and makes independent recommendations to influence business outcomes.

• Proficient in Leading Self including exhibiting decisiveness and self-awareness while also effectively managing ambiguity.

• Proficient in Leading Others including modeling the way for others, forging synergy and participative management .

• Demonstrates mastery of and mentors others on Leading the Business including actively engaging in driving business results, broad thinking, change management and promoting an Enterprise culture.

Business Acumen:

• Has an in-depth understanding and knowledge of most business drivers and disciplines as well as their interrelationships.

• Areas include, but are not limited to: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financial.

• Has a perspective on the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.

• Able to effectively utilize this business knowledge in developing and implementing analytic solutions and anticipate the impact of market dynamics on Travelers performance.

• May influence the insurance industry.

Relationship Management:

• Proactively build, own, and leverage business relationships across the Enterprise.

• Encourage cross-functional teams to allow for sharing of ideas across the Enterprise.

• Identify and address areas of tension across organizations with business partners and suggest any necessary changes.

• Expose accomplishments of other disciplines to their own organization.

• Alongside business partners, develop long term strategy and road maps for the Enterprise.

• Develop a culture that promotes understanding diverse perspectives.

Quantitative Analysis:

• Able to introduce innovative techniques to both new and existing problems, and influence the business by recommending solutions.

• Stays aware of advancements in analytical techniques and technology used to implement them.

• Regularly offers technical consultative feedback.

• Can assess various technical solutions to optimize analytical outcomes.

• Consistently recognizes and solves for emerging issues that require a quantitative solution within and outside functional area.

What is a Must Have?

• Bachelor's Degree or equivalent experience.

• 10 years of comprehensive quantitative analysis experience.

• Project or people management 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/.