Job Details

Associate Actuary

Saint Paul, MN

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Job Summary:
Assists with the development and implementation of rates, rating plans, pricing strategies, and financial forecasts to achieve the company objectives for profitability and growth. Services provided include: evaluation of existing rate levels and rate structures, pricing benchmark analytics, design of financial business plans; forecasting and interpretation of underwriting results; and the maintenance of a database uniquely suited to the analysis of pricing issues. Manages or participates in key projects. Provides advice and direction to less experienced staff. May supervise junior level staff.
Position Type:
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.
Company Information:
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.
Licensing or Certificates:
Associate Actuarial Credential required.
Primary Location:
Hartford - Connecticut - United States
Secondary Location:
St. Paul - Minnesota - United States
We are committed to valuing the diversity that exists among our workforce, our business partners, our customers and our communities. With respect to our workforce, we are committed to not only increasing diversity in our hiring at all levels but also fostering an inclusive environment where all employees, regardless of race, color, religion, gender, gender identity, age, national origin, disability, veteran status, marital status, sexual orientation, genetic information or any other status or condition protected by law, can develop and thrive.

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