Manager, Actuarial Centralized Pricing
Location: Saint Paul
Posted on: June 23, 2025
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Job Description:
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.
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? We’re seeking a Manager to drive B&SI Actuarial
forward on our journey to improve our depth of insights while
increasing the speed and efficiency of actuarial processes. This
role is primarily responsible for developing and delivering
investments in the methodologies and tools that will increase our
capabilities in the Financial Modeling, Forecasting, and scenario
testing functions. This role will operate in close partnership with
the Product Actuaries. The Manager, Actuarial and Analytics is an
analytic leadership role that encompasses the shared responsibility
of project and strategic execution with actuarial, analytic and
business partners, in addition to assigned operational assignments
which may include reserving, rate-making, pricing,
planning/forecasting, project management and research. The
individual in this role is expected to be an influential member of
project teams, providing analytical insights and recommendations to
leadership and Business unit partners. The Manager, Actuarial and
Analytics will work on complex assignments requiring specialized
knowledge and expertise in breadth and/or depth in one or more of
the following areas: Actuarial and/or research methods, Advanced
statistical analyses, Solid business knowledge, Line of Business
knowledge. What Will You Do? Specific areas of focus include the
Rate Actual Versus Expected tools, Eligibility Modeling, Automation
of Renewals Modeling/Monitoring, improving actuarial methodology
and metrics, and developing a pricing scenario forecasting
capability (Financial Modeling) to support the advancement of our
Pricing Guidance reviews. Project examples include: Financial
Modeling – support the development of a consistent framework and
best practices for modeling our pricing scenarios for the portfolio
in partnership with the Product actuaries. Support the build of a
tool suite that delivers this capability. Eligibility Tools –
develop and maintain tools that measure the impact of alternative
eligibility rules for Flow/Low Touch business on key business
outcomes, such as pricing and retention. Rate Expectations Modeling
– continue enhancement of our monitoring of rate change relative to
expectations driven by field execution and differences in rating
plan variables to assess the financial impact of strategy changes.
Strategy: Participate in a lead role in the successful execution
and completion of assigned strategic initiatives and projects.
Develop solutions to resolve challenges of an initiative. Propose
change and innovation in order to improve project team performance
and timelines. This position will often participate on cross-unit
initiatives and may participate on Enterprise initiatives.
Operational: Independently perform actuarial and analytic analyses
to solve business problems and apply judgment appropriately.
Support and drive components of unit initiatives. Begin to support
broad department initiatives. Take accountability for process
efficiencies within assignments. Begin to make proposals in
accordance with department practices. Provide support as necessary
for initiatives across the Enterprise within the scope of
influence. 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. Talent: Retention and development of assigned
staff. Execute and communicate talent development processes,
including performance and personal development goals. Talent
assessment recommendations. Performance management. Mentor less
experienced talent across the Enterprise. Onboard new employees and
interns in unit. Support various training and skill development
initiatives across assigned Segment and the Enterprise. May provide
support for recruiting efforts and candidate talent assessment
efforts. Perform other duties as assigned. 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. Ability to collaborate effectively with wide variety of
functions including Business Insights, Research & Development,
Technology, and Product Management Some Pricing Experience and
Expertise Technical Skills – Python, Github, QlikView, Cloud
experience or strong willingness to learn Creativity and excitement
around solving new problems Curiosity and willingness to try new
things to better serve the business 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 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.
Keywords: , Coon Rapids , Manager, Actuarial Centralized Pricing, Executive , Saint Paul, Minnesota
