Solid reputation, passionate people and endless opportunities.
That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Business Insurance Acturial Product seeks an inquisitive, motivated individual to join the Other Liability team to support development and implementation of rates, rating plans and pricing tools for General Liability. This person will support and manage evaluation of existing rate levels and rate structures, design of rating plans, support of state filings and design, creation, maintenance and support of Benchmark pricing tools. Key business partners include Enterprise Product, BI Loss analytics, Regulatory and CASD. Provides advice and direction to less experienced staff. Will also consider Sr. Actuarial Assistant level candidates. Hartford preferred but will consider St. Paul.
Primary Duties and Responsibilities
¿Assist is the development and implementation of sound rates and rating plans or models.
¿Assist in the development and pricing of new products.
¿Provide analysis of trends, factors or issues impacting Underwriting results.
¿Work with regulatory unit to make filings.
¿Prepare statistical studies to meet underwriting strategies.
¿Assist in the forecasting and interpretation of underwriting results to aid management in planning process.
¿May participate in discussions regarding underwriting strategy.
¿Execute directed strategy or recommend strategy to improve profitability of the business.
¿Assist in the development of data retrieval, categorization, and reporting systems.
¿Develop reports needed by senior management and Underwriting to monitor progress in improving profitability and implementation of business.
¿Recommend solutions for process inefficiencies.
¿Work with IT on modeling, developing, testing and integrating new systems or technologies.
¿Compile data as requested by supervisor.
¿Complete analysis and summarize results.
¿Assist in putting together recommendations for Business Insurance Leadership.
¿Assist with the implementation of actions decided upon through research.
¿Work with predictive modeling concepts.
¿Manage or participate in key actuarial projects.
¿Present projects to underwriting and actuarial management.
¿Develop and motivate staff to achieve technical excellence and ensure effective performance.
¿College Degree in actuarial science, mathematics, economics or statistics or equivalent.
¿Generally has 3-7 years of Actuarial/Analytical experience.
¿Associate designation preferred.
¿Demonstrate base knowledge in wide range of actuarial functions, including but not limited to, reserving, pricing, business planning, financial reporting, management information, product development, reinsurance and database management.
¿Independent analysis of challenging business issues.
¿Basic understanding of financial reporting, both GAAP and Stat. Strong understanding of income statements and balance sheets.
¿ Strong understanding of insurance products and marketplace conditions and how they impact financial models and results.
¿ Strong PC skills incl Excel, Access, PowerPoint & Word. Sound understanding of databases and data extraction. SAS experience a plus.
¿ Crisp and confident communication of analysis.
Travelers is an equal opportunity employer. We actively promote a drug-free workplace.
Travelers - 19 months ago
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