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 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 $169,400.00 - $279,600.00 Target Openings 1 What Is the Opportunity? In Business Insurance Actuarial and Analytics, we deliver tailored analytics that influence decisions and enable superior results. Business Insurance Actuarial Product has an open AVP position on the Workers Compensation Guaranteed Cost Pricing Analytics Team. The AVP will drive enhancements to pricing segmentation for Travelers WC products across Middle Market and Small Commercial. This is a unique position that will combine the data science model development side of WC Pricing Analytics with the actuarial model maintenance, calibration, and monitoring side of WC Pricing Analytics. This role offers opportunities to lead improvements to our pricing models throughout the lifecycle of those models while collaborating with business partners in support of product strategy. The successful candidate will have well established leadership skills, a technical and analytical skillset, strong actuarial and data science knowledge, a continuous improvement mindset, effective business and technical communication skills, and end to end thinking. What Will You Do? Strategy Assess, prioritize, influence and communicate strategic initiative options to senior leaders. Foster an environment for effective execution and completion of assigned strategic initiatives and projects. Be a leader of change and innovation. This position will lead assigned unit strategic initiatives and cross-unit initiatives and is expected to participate in Enterprise initiatives. Operational: Perform and lead actuarial and analytic analyses to solve business problems and apply judgment appropriately. Drive day to day execution within unit. Drive broad department initiatives. Promote efficiency and identify appropriate resource needs across primary working group, balancing additional effort against incremental lift gained from work. Make decisions independently in accordance with Segment practices. Consistently provide direction and review others' analytical work. Translate ambiguous business needs into analytical solutions. 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 often with senior leaders. Proficient at tailoring communication of analysis, project results, and other business initiatives to audience. Proficient at communicating technical topics to non-technical audiences. Leads group discussions with multiple disciplines or responsibility levels. Proficient at creating formal written communication such as memos or presentations. Influences and collaborates with peers and partners to take actions to enhance business outcomes. Talent: Staff responsibilities are likely to include direct management of a team of managers and individual contributors. Acquisition, retention, and development of talent for assigned unit. Execute, communicate, and influence standards for talent development processes, including performance and personal development goals. Succession planning and talent assessment recommendations. Performance management including workforce planning. Support staff engagement in cross Enterprise initiatives. Mentor less experienced talent across the Enterprise. Identify training and skill development needs 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?