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 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

Target Openings

1

What Is the Opportunity?

We are currently recruiting for a Capital Modelling Manager to join our team based in London on a permanent basis, who will be maintaining, running, developing, parametrising, and documenting the internal capital model. Our ideal candidate will have experience of working in a similar role and may either be looking for their next step up or a new challenge.

This is an analytical 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, reinsurance, pricing, regulatory reporting, planning/forecasting, project management, CAT modelling, ERM and research.

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.

To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.

What Will You Do?

• 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 Europe and 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 within Europe or 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 within Europe or across the Enterprise.
• Onboard new employees and interns in unit.
• Support various training and skill development initiatives across assigned Segment, Europe and the Enterprise.
• May provide support for recruiting efforts and candidate talent assessment efforts.

What is a Must Have?

• Experience in building and maintaining capital models.
• Knowledge of capital modelling software (Tyche, Igloo, Remetrica).
• Strong programming skills (eg. SQL, R, Python)
• Bachelors Degree or equivalent experience required.
• Demonstrable experience in quantitative analysis required.

What Will Our Ideal Candidate Have?

• Associate Actuarial Credential preferred.
• University degree in STEM related field.
• Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).
• Strong understanding of insurance products and industry.
• Demonstrable ability in actuarial and quantitative analysis and statistical concepts.
• Take ownership of assigned projects and meetings, make recommendations and presents results to business partners.

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.

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.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/