Senior Assistant Pricing Actuary in London

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.

What Is the Opportunity? The Manager, Actuarial and Analytics is an analytic role with responsibility for exposure-based pricing models in Travelers Europe. The individual in this role is expected to be an influential member of a team of people who support pricing models, pricing data and pricing analysis in the actuarial department. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Operational
• Maintain and develop pricing algorithms for Travelers Europe.
• Implement those algorithms in the Hyperexponential (HX production system).
• Liaise with underwriters to support use of pricing models.
• Run processes for batch rating portfolios of business in Python.
• Expand batch rater (and associated standard pricing dataset) to work for more products across Travelers Europe.
• Run processes for calibrating base rates.
• Prepare data and analysis for actuarial rating validation exercises for specific products.
• Contribute to analysis of pricing model data.
• Assist with other roles (such as case pricing, business planning, reinsurance purchase) carried out by the Travelers Europe pricing team.
• Communication
• Communicates analysis, project results, and other business initiatives to peers and business partners.
• Communicates technical topics to non-technical audience within the primary working group with guidance from manager.
• Actively participates and may lead group discussions at the unit level.
• Creates formal written communication such as memos or presentations with guidance and peer review.
• Networks and collaborates on ideas and challenges.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Associate Actuarial Credential.
• University degree in STEM related field.
• Strong PC skills (MS Office) and programming skills (e.g. SQL, SAS).
• Strong understanding of insurance products and industry.
• Demonstrable ability in actuarial and quantitative analysis and statistical concepts.
• Leadership: Take ownership of assigned projects and meetings, make recommendations and present 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: 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.
• Has a foundational understanding of a few 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 address it 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?

• Bachelor's Degree or equivalent experience.
• Demonstrable experience in quantitative analysis.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that 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 programme 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. Travelers reserves the right to fill this position at a level above or below the level included in this posting.