Travelers Sr. Director, Actuarial & Analytics - BI Actuarial Product Auto in Lansing, Michigan
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Job Description Summary
The Sr. Director, Business Insurance Auto Line Actuarial Product position is a role responsible for leading the design, enhancement and implementation of our new and existing commercial auto rating plans. The role is expected to work closely with other functional areas including Research, Product, Regulatory, Underwriting and Information Technology to build and maintain an effective supporting process to for commercial auto rating. This position is expected to execute strategic and operational initiatives, drive changes within Actuarial Product Auto team, and influence leaders up to the VP level. This role currently manages a team of 3.
Primary Job Duties & Responsibilities
Analyzing, proposing and leading functional collaboration for existing auto pricing levels and rate plan changes.
Assess, prioritize, influence and communicate strategic initiative options to senior leaders.
Demonstrate effective execution and completion of assigned strategic initiatives and projects.
Generate and advocate for process improvements and actively propel innovation in alignment with existing strategy.
This position will lead assigned unit strategic initiatives and cross-unit initiatives and is expected to participate in Enterprise initiatives on a limited basis.
Rating algorithm support for maintenance and evolution toward common future platforms in alignment with strategic direction.
Increase decision reliance on Travelers’ own data and analytics. Determining how we move toward more proprietary rate plans and away from direct reliance on vendors. Coordinating with other areas to successfully implement those changes.
Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.
Drive day to day execution within unit. Begin to drive broad department initiatives.
Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
Make decisions independently in accordance with department practices.
Consistently provide direction and review others' analytical work.
Begin to translate ambiguous business needs 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 and business partners and on an occasional basis with senior leaders.
Tailors communication of analysis, project results, and other business initiatives to audience.
Communicates technical topics to non-technical audiences.
Leads group discussions with primary working group.
Creates formal written communication such as memos or presentations.
Able to influence and collaborate with peers and partners to take actions to enhance business outcomes.
Staff responsibilities are likely to include direct management of a small team of individual contributors.
Acquisition, retention, and development of talent for assigned unit.
Execute and communicate talent development processes, including performance and personal development goals.
Succession planning and talent assessment recommendations.
Support staff engagement cross Enterprise initiatives.
Mentor less experienced talent across the Enterprise.
Onboard new employees and interns in unit.
Support various training and skill development initiatives across Segment and the Enterprise.
May provide support for recruiting efforts and candidate talent assessment efforts.
Bachelors Degree or equivalent experience required.
5 years of comprehensive quantitative analysis experience required.
Education, Work Experience, & Knowledge
College degree in STEM related field.
Associate Actuarial Credential preferred.
8+ years of quantitative analysis experience.
Strong understanding of insurance products and industry.
Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
Excellent communication, collaboration and relationship-building skills.
Excellent communication skills with the ability to present and translate complex information to leadership and non-technical teams.
Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
Job Specific Technical Skills & Competencies
Begins to challenge conventional thinking.
Takes ownership of projects related to strategic initiatives and often makes independent recommendations to influence business outcomes.
Proficient in Leading Self including exhibiting decisiveness and self-awareness while also effectively managing ambiguity.
Development of Leading Others including modeling the way for others and leading cross-unit projects.
Initial development of Leading the Business including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.
Has an in-depth understanding and knowledge of certain 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 and implementing analytic solutions.
Has perspective on the industry and developing trends, including: technology, analytic methodology, products, and performance of competitors.
Is familiar with most other key business drivers and disciplines.
Proactively build and own professional business relationships across the Enterprise.
Generate and solicit ideas, and drive consensus
Aware of potential conflict and address proactively.
Acknowledge accomplishments of others to broader organization.
Set and manage expectations with business partners for portfolio of projects.
Understand diverse perspectives to effectively accomplish business goals.
Able to introduce innovative techniques to both new and existing problems.
Independently perform and implement complex analytics.
Leads and actively engages in technical/peer reviews.
Regularly offers technical consultative feedback.
Can assess various technical solutions to optimize analytical outcomes.
Occasionally recognizes emerging issues that require a quantitative solution within own portfolio of work.
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 have questions regarding the physical requirements of this role, please send us an email (TAPHYREQ@travelers.com) 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.
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