Job Description

Who Are We?

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Category Data Analytics

Target Openings 1

What Is the Opportunity? Accountable for developing data analytics that supports growth and profitability in a region, or part of a region. These positions support the formulation and implementation of provincial, regional and countrywide strategies through analysis and focus on competitor behaviors, marketplace dynamics, pricing segmentation, and line and segment level analysis. These roles requires detailed analysis of product, pricing, and growth at a provincial, regional and countrywide level. This role will support a specific underwriting line of business.

What Will You Do?

• Primary Accountabilities:Develop and implement regular pricing, filing and product strategies through:Monitoring competitor and industry trends - analyzing and articulating key areas of competitive price differences (territory, class plan) between Travelers and competitors.Analyzing profitability position, factoring in: production trends, loss experience, competitive position, underwriting/marketing programs, claim information, etc.Leveraging actuarial concepts combined with market knowledge to advise on rate filings and packages for the Provincial Regulator.Negotiating rate changes with key stakeholders and formulating requirements packages to document the rate changes so IT can build and test accordingly.Working closely with the regional sales team, building market intelligence, and educating on product and rate changes. Develop post-monitoring reports to track results of strategies through:Identifying out-of-pattern trends and communicating to management in a timely manner.Proactively identifying trends and root cause - demonstrating a strong understanding for how trends impact financial results.Presenting monthly financial results to sales teams, and senior management as required. Secondary Accountabilities:Developing and presenting business cases for future investments in product and pricing.Supporting annual planning/forecasting.Brainstorming, researching, testing and implementing new product opportunities.Recommending improvements to pricing process, procedures and workflow.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelors degree in business management, mathematics, management information, finance, actuarial science, economics or other related field.
• Minimum of 3 years of business experience, insurance experience is preferred
• Proficient in Microsoft Excel and Access.
• General knowledge of insurance products.
• Knowledge of Pricing and Actuarial techniques.
• Technical Knowledge/Critical Thinking:
• Able to extract and analyze competitive data.
• Team Orientation:
• Ability to interact with the field sales team, work with DOI and brokers to gather competitive intelligence.
• Planning and Project Management:
• Strong organization and time management skills.
• Communication Skills:
• Strong verbal and written communication skills.
• Knowledge:
• Understands basic actuarial concepts such as loss development and trending.
• Understanding of basic ratemaking and its application, such as profitability, risk loads, etc.
• Solid understanding of techniques and models used to forecast insurance financials.
• Understands and is able to access available sources of Travelers and Industry trend information.
• Solid understanding of and good working relationship with claim, business centers, call centers, and information technology. Understands the workflow and terminology of these areas and their impact on the business.
• Solid knowledge of Excel, Access, and Word.

What is a Must Have?

• Bachelors degree.
• Minimum of 3 years of business experience, insurance experience is preferred
• General Knowledge of Microsoft office products (Excel, Word, PowerPoint).

What Is in It for You?

• Health Insurance: Employees and their eligible family members - including spouses, partners, and children - are eligible for coverage from the first day of employment.
• Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan ("DPSP"). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off ("PTO") annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services and other resources to support your daily life needs. Through Life Balance, you're eligible for free counseling sessions with a licensed therapist.
• 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.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.