Sr. Director, Actuarial Reserving - Bond & Specialty Insurance

About the role

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 170 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 $146,400.00 - $241,600.00 Target Openings 1 What Is the Opportunity? Travelers Bond & Specialty Insurance (B&SI) is looking for a skilled manager and actuarial practitioner to join our reserving team as a Sr. Director. (Actuarial credentials are preferred, but not required for candidates with relevant experience.) In this position you will be responsible for reserving, loss analytics, and related support for the Public Company Liability and Financial Institutions business units, managing two reserving analysts. You will develop expertise in a diverse range of Management and Professional Liability products such as Cyber, Directors & Officers, Employment Practices Liability, Crime, and Transactional Liability. In this role, you will develop both your analytical and leadership skills to provide well reasoned reserving recommendations, influence important business decisions, and inspire innovation. You will be working closely with the Pricing, Product, Underwriting, and Claims teams to 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 and the enterprise. In addition to traditional reserving analysis, the B&SI reserving team is positioning itself to increasingly rely on innovative loss analytic methods, including the use of Artificial Intelligence tools. This will be a unique opportunity to get involved while these new approaches are still in development, directly influence how this transition happens, and help define the role of the reserving actuary of the future. What Will You Do? Strategy: Assess, prioritize, influence and communicate strategic initiative options to senior leaders. Demonstrate effective execution and completion of assigned strategic initiatives and projects. Generate and advocate for process improvements and actively propel innovation in alignment with existing strategy. This position will lead assigned unit strategic initiatives and cross-unit initiatives and is expected to participate in Enterprise initiatives on a limited basis. Operational: Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately. Drive day to day execution within unit. Begin to drive broad department initiatives. Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work. Make decisions independently in accordance with department practices. Consistently provide direction and review others' analytical work. Begin to 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 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 non-technical audiences. Leads group discussions with primary working group. Creates formal written communication such as memos or presentations. Able to influence and collaborate with peers and partners to take actions to enhance business outcomes. Talent: Staff responsibilities are likely to include direct management of a small team 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 cross Enterprise initiatives. Mentor less experienced talent across the Enterprise. Onboard new employees and interns in unit. Support various training and skill development initiatives across Segment and the Enterprise. May provide support for recruiting efforts and ca

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