Sr. Business Analyst, Actuarial & Analytics
Company: Travelers
Location: Sacramento
Posted on: May 16, 2022
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Job Description:
**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 160 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**Analytics & Research, Bus Intelligence &
Management Information, Technology**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**$108,600.00 -
$179,100.00**Target Openings**1**What Is the Opportunity?**The Sr.
Manager, Actuarial and Analytics is an analytic leadership role
that encompasses the management of assigned strategic initiatives
and operational assignments which may include reserving,
rate-making, pricing, planning/forecasting, project management and
research. The individual in this role is expected to lead project
teams of actuarial & analytic partners and provide analytical
insights and recommendations to leadership and Business partners.
The Sr. Manager, 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; Awareness of enterprise Actuarial & Analytics
community.This Sr. Manager opportunity sits on our Loss Reserving
and Analytics Agile team and provides both business support and
data analysis for the business. The Agile team is responsible for
the production, maintenance and enhancement of key assets used by
the broader Loss Reserving and Analytics community.Travelers offers
a hybrid work model that is designed to support flexibility.
#LI-Hybrid #LI-Remote**Primary Job Duties &
Responsibilities:**Responsibilities include quarterly maintenance
and support of APLF and reserving tools. In addition the use of
broad based actuarial, business and technology skills to assist in
driving strategy for the enhancement and modernization of loss data
and tools. This position will also collaborate and partner as
needed with key stakeholders across Loss Reserving and Analytics in
Business Insurance and Bond for both Domestic and International.
This position will also partner with Corporate Actuarial and
Information Management & Analytics to align and determine strategic
solutions, and meet overall business needs.?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.**Minimum Qualifications**+
Bachelors Degree or equivalent experience required.+ 3 years of
experience in quantitative analysis required.**Education, Work
Experience, & Knowledge**+ College degree in STEM related field.+
Associate Actuarial Credential preferred.+ Strong PC skills (MS
Office) and programming skills (eg. SQL, SAS).+ 5+ years of
quantitative analysis experience preferred.+ Strong understanding
of insurance products and industry.+ Demonstrated ability in
actuarial and quantitative analysis and statistical concepts.+
Management experience preferred.**Job Specific Technical Skills &
Competencies**+ Takes 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.+ Actively engages in driving business results,
broad thinking and promoting an enterprise culture.+ 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.+ 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.+
Independently perform and implement analytics.+ Begin to design and
able to contribute on more complex analytic work.+ Begin to
understand diverse perspectives to effectively accomplish business
goals.**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.If you are a candidate and have
specific questions regarding the physical requirements of this
role, please send us an email (4-ESU@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.To learn
more about our comprehensive benefit programs please visit
http://careers.travelers.com/life-at-travelers/benefits/ .
Keywords: Travelers, Sacramento , Sr. Business Analyst, Actuarial & Analytics, Professions , Sacramento, California
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