Quantitative Analyst Jobs in Springfield, MA (NOW HIRING)

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

$120,400.00 - $198,700.00

Target Openings

1

What Is the Opportunity?

Business Insurance Actuarial Product - Umbrella is seeking a Senior Manager to play a central role in the implementation, launch, and post-management of our flagship umbrella rating plan, TCUP. This is a rare opportunity to work on a new rating plan from development through go-live and beyond - owning the actuarial work that ensures it performs in market and evolves over time.
In this role, you will lead the analytical execution behind TCUP's disruption and implementation strategy, then transition into ongoing monitoring and management of plan performance. That includes evaluating and communicating results, applying independent actuarial judgment, and recommending pricing adjustments as market conditions develop. You will work cross-functionally with underwriting, product, and other support teams to align on priorities and drive outcomes, while also contributing to broader strategic planning for the product. The role includes direct management of one individual contributor, with responsibility for performance management, development, and onboarding.
This is an ideal opportunity for someone who wants to see their analytical work shape a rating plan from the ground up and have a meaningful impact on business results.

What Will You Do?

Strategy:

• Hold a lead role in strategic planning as well as manage the successful execution and completion of assigned strategic initiatives and projects.

• Develop solutions to resolve challenges of an initiative.

• Propose change and innovation in order to improve project team performance and timelines.

• This position will often participate on cross-unit initiatives and may participate on Enterprise initiatives.

Operational:

• 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.

• Begin to 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.

• Begin to provide direction and review others' analytical work.

• Begin to translate business requests into analytical solutions.

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

Communication:

• Communicates analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.

• Communicates technical topics to non-technical audience with guidance from manager.

• Actively participates and may lead group discussions.

• Creates formal written communication such as memos or presentations with guidance.

• Networks and collaborates on ideas and challenges.

Talent:

• Staff responsibilities may include direct management of 1 to 2 individual contributors or interns.

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

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

• Talent assessment recommendations.

• Performance management.

• Mentor less experienced talent across the Enterprise.

• Onboard new employees and interns in unit.

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

• May provide support for recruiting efforts and candidate talent assessment efforts.

• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• College degree in STEM related field.

• Associate Actuarial Credential.

• Strong PC skills (MS Office) and programming skills (eg.

• SQL, SAS).

• 5+ years of quantitative analysis experience.

• Strong understanding of insurance products and industry.

• Demonstrated ability in actuarial and quantitative analysis and statistical concepts.

• Management experience.

Leadership:

• Take ownership of projects including initiating the project, drawing up the project plan, carrying out the action items and make recommendations.

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

• Initial development of Leading Others, including modeling the way for others and leading team projects.

• Initial development of Leading the Business, including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.

• Business Acumen:

• Has an in-depth understanding and knowledge of a few key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.

• Able to effectively utilize this business knowledge in developing analytic solutions.

• Has a general perspective of certain areas of the industry and developing trends such as: technology, analytic methodology, products and performance of competitors.

• Begins to be familiar with other key business drivers and discipline areas as well.

Relationship Management:

• Proactively build and own professional business relationships across the BI&AA community across the Enterprise.

• Generate and solicit ideas, and build consensus with guidance.

• Aware of potential conflict and addresses with limited guidance.

• Begin to acknowledge accomplishments of others within your primary working group.

• Set and manage expectations with business partners for small projects.

Quantitative Analysis:

• Evaluate and use appropriate data, tools and methods.

• Independently perform and implement analytics.

• May engage in technical/peer review.

• Begin to design and able to contribute on more complex analytic work.

• Begin to understand diverse perspectives to effectively accomplish business goals.

What is a Must Have?

• Bachelor's Degree or equivalent experience.

• 3 years of experience in quantitative analysis.

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/.