Pricing Actuary - Greater London, United Kingdom - The Travelers Companies, Inc.

The Travelers Companies, Inc.
The Travelers Companies, Inc.
Verified Company
Greater London, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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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
Actuarial

  • Target Openings
1

  • What Is the Opportunity?
  • The Director, Actuarial and Analytics is an analytic leadership role that is responsible for the design and implementation of actuarial pricing models. This role is expected to execute strategic and operational initiatives, drive change within assigned unit, provide analytical insights and recommendations to leadership and business partners, and share ownership of the business's financial results.
The Director, Actuarial and Analytics will work within broad limits and authority on complex assignments requiring specialised knowledge and expertise in breadth and/or depth in one or more of the following areas:
Advanced statistical analyses; Broad business knowledge; In-depth Line of Business knowledge. This role may act as a manager of individual contributors.

What Will You Do?

  • Operational:
  • Independently perform actuarial analyses to build pricing models based on claims data and knowledge of the business.
  • Use statistical software such as R and Python to manipulate and analyse claims data.
  • Work with underwriters to reflect classspecific business knowledge in the models where claims data is limited.
  • Work with underwriters and management to build confidence in those models.
  • Provide support to underwriters in daytoday use of those pricing models.
  • Build and maintain systems and processes to improve the quantity and quality of data captured in order to improve the accuracy of pricing in the future.
  • Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.
  • Provide direction and review others' analytical work.
  • Translate business requests into analytical solutions.
  • Provide support as necessary for initiatives within Europe or across the Enterprise within the scope of influence.
  • Strategy:
  • Assess, prioritise, influence and communicate strategic initiative options to senior leaders.
  • Demonstrate effective execution and completion of assigned strategic initiatives and projects.
  • Regularly generate process improvements and explore opportunities for innovation.
  • Lead assigned unit strategic initiatives (narrow scope, limited and well defined) and crossunit initiatives on a limited basis and is expected to participate in Europe or Enterprise initiatives on a limited basis.
  • Communication:
  • 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 nontechnical audiences with limited guidance.
  • Leads group discussions with primary working group.
  • Creates formal written communication such as memos or presentations with limited guidance.
  • Able to influence and collaborate with peers and partners to take actions to enhance business outcomes.
  • Talent:
  • Staff responsibilities may include direct management 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.
  • Performance management.
  • Support staff engagement across Europe and Enterprise Initiatives.
  • Mentor less experienced talent within Europe or across the Enterprise.
  • Onboard new employees and interns in unit.
  • Support various training and skill development initiatives across Segment, Europe and the Enterprise.
  • Perform other duties as assigned.
  • University degree in STEM related field.
  • Associate Actuarial Credential preferred.
  • Strong understanding of insurance products and industry.
  • Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
  • Management experience.
  • Excellent communication, collaboration and relationshipbuilding skills.
  • Ability to present and translate complex information in relevant business terms.
  • Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
  • Leadership:
  • Begins to challenge conventional thinking.
  • Takes ownership of projects related to strategic initiatives and makes recommendations to influence business outcomes.
  • Proficient in Leading Self, exhibiting decisiveness and selfawareness while also effectively managing ambiguity.
  • Initial development of Leading Others, including modeling the way for others and effectively leading team projects.
  • Initial development of Leading the Business, including actively engag
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