Experience:
1-3 years of experience
Concerned about your lack of experience? Learn More...
Employment Type:
Full time
Posted:
6/6/2019
Job Category:
Administration
Associate Actuary - Bond & Specialty Insurance Pricing
(This job is no longer available)
Travelers | Hartford, CT
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Job Description

Primary Job Duties & Responsibilities

Support of the Private D&O product involves assessing coverage profitability through rate adequacy and other ad hoc analyses. Rate reviews and completion of rate filings are also to be expected. A high level of engagement with Product Management is a key component to successfully filling this role. Private D&O is sold across multiple business areas within BSI. As such, this role will also engage with Private Non-Profit and Financial Institutions business areas.

This position will also assist the PL Lead Actuary in providing support to four distinct customer segments within that business unit. In addition, this role will provide the opportunity to be involved in ad hoc projects and initiatives in support of the Management Liability pricing group.

Job Summary

Bond and Specialty Insurance (BSI) is seeking a highly motivated individual to join the actuarial pricing team. This position will provide Primary support for Private D&O coverage, and in addition will provide actuarial support for the Professional Liability (PL) Business Unit. In this role, you will have the chance to partner directly with underwriting and business partners to drive profitability results through development of rate plans and providing analytic insights to help set strategy for the business. All locations will be considered for this position.

Education, Work Experience & Knowledge

College Degree in actuarial science, mathematics, economics or statistics or equivalent preferred. 3+ years of Actuarial/Analytical experience preferred. Demonstrate base knowledge in wide range of actuarial functions, including but not limited to, reserving, pricing, business planning, financial reporting, management information, product development, reinsurance and database management. Independent analysis of challenging business issues. Basic understanding of financial reporting, both GAAP and Stat. Strong understanding of income statements and balance sheets. Strong understanding of insurance products and marketplace conditions and how they impact financial models and results. Strong PC skills - Excel, Access, PowerPoint & Word. Sound understanding of databases and data extraction. Developing ability to deliver crisp and confident communication of analysis.

Physical Requirements

Operates standard office equipment. Sitting (can stand at will). Use of Keyboards, Sporadic 10-Key.

Minimum Qualifications

Bachelors degree or equivalent education required. 2 years analytics experience required. General knowledge of quantitative analysis required.

About Travelers

In an uncertain world, Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of our customers, and anticipating their needs for the future. There is no stronger testament to our dedication to protecting customers from loss than our continued innovation and ability to transform our industry. In fact, from the first ever auto and space travel policies and hybrid car discount, to the 2009 founding of The Travelers Institute for public policy, our history of advancements has propelled our company-and our industry-towards ever higher standards for customers. Travelers is a company that works hard at the science of what we do: we analyze information, process perspectives and measure results to create the best combination of products and services. We work equally hard at customer service and how we interact with the people whom we do business. Over the years, we've strived to earn our customers' loyalty by continually improving our abilities to listen and respond to their needs. Today, more than 150 years after our founding, Travelers is one of the nation's largest property casualty companies with more than 30,000 employees, 13,000 independent agents and 22 product lines across the personal, business, financial and international insurance segments. Travelers has become a symbol of financial strength and is a component of the Dow Jones Industrial Average and ranks 106 on the Fortune 500. Minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers' comprehensive products, services and support give individuals and businesses the confidence they need to feel secure. For more information, please visit: http://www.travelers.com/