Senior Analyst, Actuarial providing market support within Medicaid. Involves improving internal processes and collaborating with health plan Finance teams.
About the role
- Sr. Director leading Property and CAT Loss Analytics & Reserving team at Travelers. Overseeing reserve reviews and collaborating with key business partners for optimal outcomes.
Responsibilities
- Business Insurance is seeking a highly motivated individual to lead our Property and CAT Loss Analytics & Reserving team.
- The Sr. Director, Loss Analytics has responsibility for quarterly reserve reviews and trend analyses for the Business Insurance Property markets.
- Responsibilities also include the monthly and quarterly Current Year CAT estimation and booking processes.
- The position also includes the opportunity to coordinate with key business partners in Claim, Underwriting, Product and Finance.
- Evaluating a variety of loss reserving techniques to develop the actuarial central estimate.
- Performing complex analyses to identify emerging issues and drivers of frequency and severity trends.
- Working closely with Claim to understand individual claim activity and broader environmental dynamics that may influence the reserve analysis.
- Collaborating with Business Unit and Product actuaries to identify and understand potential impacts of changes in products, underwriting strategy, and book mix.
- This position will manage 4 full-time employees.
Requirements
- College degree in STEM related field.
- Associate Actuarial Credential.
- 8+ years of quantitative analysis experience.
- Strong understanding of insurance products and industry.
- Demonstrated ability in actuarial and quantitative analysis and statistical concepts.
- Leadership experience.
- Excellent communication, collaboration and relationship-building skills.
- Excellent communication skills with the ability to present and translate complex information to leadership and non-technical teams.
- Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
Benefits
- Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
- Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum.
- If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account.
- You are also eligible for a Pension Plan that is 100% funded by Travelers.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.
- In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
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