AVP Actuarial Product Center of Excellence - Washington, United States - CLevelCrossing

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AVP Actuarial Product Center of Excellence

Posted on
Feb 23, 2022
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Job Overview

Job Title:
AVP Actuarial Product Center of Excellence

Company:



Category:
Actuary, Product Manager, Executive / Management

Location:
United States Senate, Washington D.C.
Tweets by @TRV_Careers
AVP Actuarial Product Center of Excellence
United States Senate, Washington D.C.
Company Summary
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, Product Management/Pricing
Target Openings
1
Job Description Summary

In Business Insurance Actuarial and Analytics, we deliver tailored analytics and innovative data science solutions that influence decisions and enable superior results.

We have an inclusive culture where everyone feels that they belong, can be authentic, are valued, respected, empowered and part of our success.

We see strength in the uniqueness that each of us contributes to creating innovative solutions and improving business outcomes.

The successful candidate will enrich our culture and contribute to our goal of creating a more diverse, equitable and inclusive environment.

This is a senior analytic leadership role charged with piloting the strategy, development and delivery of analytic capabilities, tools and efficient processes that serve multiple lines of business, products, and business segments.

The Actuarial Product Center of Excellence team is a central hub for enabling leadership, best practices, research, support and training for actuarial product capabilities within Travelers Business Insurance segment.

The individual in this role is expected to take ownership of driving change within Business Insurance Actuarial & Analytics and influence leaders up to the VP level across multiple departments as a critical pivot point for actuarial product capabilities in a consistent and transparent way to a complex organization with differing needs.

Capabilities within the position's responsibility include the collaborative visioning, development, delivery and related data ecosystem for benchmark pricing tool capabilities, the actuarial assumption coordination of documentation and exhibits supporting the annual financial plan, and accurate and timely delivery of key profitability measurement metrics.

The role provides the opportunity for the individual to use creativity and look for innovation in how the organization provides effective metrics and insight with transparency and clarity to a wide variety of users from the account underwriter to senior levels of management and doing this primarily through collaboration and influence of the matrixed resources available.

The AVP Actuarial Product Center of Excellence is a part of the Actuarial Product team within Business Insurance Actuarial & Analytics organization.

Travelers offers a hybrid work location model that is designed to support flexibility.
This position may be based 100% remotely or in one of our offices.
#LI-Remote
#LI-Hybrid
Primary Job Duties & Responsibilities

Marshalling strategy for capabilities, processes and tools that serve multiple lines, products and segments in a consistent and transparent way for a complex organization.

Guiding collaboration across BIAA to identify high priority needs, gain consensus on direction and support for scope, determine how to resource them appropriately, and execute as assigned.

Responsible for influencing the analytical advancement of rate adequacy methodology and providing analytic thought leadership across all lines of business.

Collaborative visioning, development, delivery, and enhancement for benchmark pricing capabilities: Tools to meet the needs of underwriters
Reporting tools for a variety of users for execution and monitoring
Model effectiveness measurement practices across lines and business units
An effective, accurate, and high quality data ecosystem to supply the capabilities
Steering the strategy, development and delivery of analytic capabilities, tools, and efficient processes - examples include: Planning and forecasting - coordination of actuarial inputs into the processes
Rate adequacy - coordination, tools & support
Profitability reporting - tool, analytics, and update orchestration
Manage a small team, provide guidance to fluid talent resources, and effectively conduct matrixed project and practice teams.

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.
Minimum Qualifications
Bachelors Degree or equivalent experience required.
7 years of comprehensive quantitative analysis experience required.
Project or people management experience required.
Education, Work Experience, & Knowledge
College degree in STEM related field.
Associate Actuarial Credential preferred.
Leadership experience.
10 years of quantitative analysis experience.
Strong understanding of insurance products and industry.
Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
Exceptional influencing and/or consulting skills; able to build consensus among a diverse group of stakeholders.
Excellent communication skills with the ability to present and translate complex information to senior leadership and non-technical teams.
Strong PC skills (MS Office).
Job Specific Technical Skills & Competencies

Leadership:
Regularly challenges conventional thinking.
Takes ownership of projects/portfolios of projects and meetings and makes independent recommendations to influence business outcomes.
Proficient in Leading Self including exhibiting decisiveness and self-awareness while also effectively managing ambiguity.
Proficient in Leading Others including modeling the way for others and forging synergy.
Development of Leading the Business including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.

Business Acumen:

Has an in-depth understanding and knowledge of 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.

Relationship Management:
Proactively build and own professional business relationships across the Enterprise.
Create cross-functional teams to generate and solicit ideas, and drive consensus
Aware of potential conflict across the organization and address proactively.
Acknowledge accomplishments of others to broader organization.
Set and manage expectations with business partners for portfolio of projects.
Seek out diverse perspectives to effectively accomplish business goals.

Quantitative Analysis:
Able to introduce innovative techniques to both new and existing problems.
Leads and actively engages in technical/peer reviews.
Regularly offers technical consultative feedback.
Can assess various technical solutions to optimize analytical outcomes.
Consistently recognizes and solves for emerging issues that require a quantitative solution within functional area.
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 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
About Travelers
The Travelers Companies, Inc

(NYSE:

TRV) is a leading property casualty insurer selling primarily through independent agents and brokers.

The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings.

A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.

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