**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, Data Analytics **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** $106,300.00 - $175,400.00 **Target Openings** 1 **What Is the Opportunity?** Travelers Bond & Specialty Insurance (B&SI) is looking for a skilled actuarial practitioner to join our reserving team. (Actuarial credentials not required for candidates with relevant experience.) This position will be responsible for the reserving analysis and related support for the Financial Institutions business unit, serving banks, asset managers and insurance companies. It will provide a great opportunity to learn Management and Professional Liability insurance including lines of business such as Cyber, Employment Practices Liability, and Directors and Officers Liability. In this role, you will strengthen your analytical skills, deliver well-reasoned reserving recommendations, and provide insights that influence key decisions. You will be working with the Pricing, Product, Underwriting, and Claims teams to both learn the business and communicate your findings and recommendations. Effective communication will be required as you build partnerships with senior management and other business partners throughout B&SI. As the B&SI reserving team embraces innovative methods, such as advanced claim level models, you’ll play a key role in shaping these new approaches. This will be a unique opportunity to get involved while these new approaches gain momentum, directly influence how this transition happens, and help define the role of tomorrow’s reserving actuary. **What Will You Do?** + Perform quarterly analysis of loss reserves for all lines and customer segments in the Financial Institutions business unit. + Work with the Claims department to ensure best estimates are appropriately reserved for key claims. + Work with our modeling/analytics team to develop, evaluate, and utilize advanced loss analytic tools such as claim level reserve models. + Provide support to the Actuarial Pricing and Product Management teams for their pricing reviews. + Research, monitor, and develop recommendations to address emerging issues impacting our rapidly evolving products. + Present results, recommendations, and implications to Product Management, Business Unit leads, and other senior management. + Utilize programming and database knowledge to develop/maintain tools. + Actively identify and help implement process improvements. **What Will Our Ideal Candidate Have?** + **College degree in STEM related field.** + **Associate Actuarial Credential preferred.** + **Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).** + **4+ years of quantitative analysis experience preferred.** + **Strong understanding of insurance products and industry.** + **Demonstrated ability in actuarial and quantitative analysis and statistical concepts.** + **Demonstrated ability to manage projects.** **Leadership:** + **Take ownership of assigned projects and meetings, make recommendations and presents results to business partners.** + **Proficient in Leading Self, exhibiting self-awareness while also effectively managing ambiguity.** + **Initial development of Leading Others, including mentoring/training team members.** + **Initial development of Leading the Business, including actively supporting business goals and being a positive member of the Enterprise culture.** **Business Acumen:** + **Has an in-depth understanding and knowledge of a few basic 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 analytic solutions.** + **Has a foundational perspective of the primary industry and developing trends such as: technology, analytic methodology, products and performance of competitors.** + **Is familiar with a couple other key business drivers and disciplines.** **Relationship Management:** + **Proactively build and own professional business relationships across the BI&AA community across the Enterprise.** + **Generate and solicit ideas, and begin to build consensus with guidance.** + **Aware of potential conflict and begins to addresses with guidance.** + **Begin to set and manage expectations with business partners for small projects.** **Quantitative Analysis:** + **Evaluate and use appropriate data, tools and methods.** + **Able to perform analytics independently, can effectively plan next steps within analyses with little oversight.** + **May perform technical review of team work product.** + **Able to contribute on more complex analytical work with guidance.** **What is a Must Have?** + **Bachelors Degree or equivalent experience required.** + **2 years of experience in quantitative analysis required.** **What Is in It for You?** + **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. **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. In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions. If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) 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 http://careers.travelers.com/life-at-travelers/benefits/ .