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International & Subsidiary
Manager, Actuarial Business Services

Job ID: 2009-TO-32
Location: ON-Toronto
Available Openings: 1

Solid Reputation. Passionate People.  Endless Opportunities.
 
We are one of the leading insurance companies in North America.  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.

TRAVELERS is hiring for A Manager, Actuarial Business Services within our Actuarial Department in Toronto.  He or she will report to the Director, Actuarial Business Services. He or she will apply actuarial, financial, and other problem-solving skills to achieve profitability and stability objectives of the Canadian Business Unit of Travelers.

The Manager, Actuarial Business Services will be assist the Director, Actuarial Business Services in the support of underwriting our business. This will entail large account indications, enhanced performance measures, detailed profitability analyses, assistance in planning and input into our reinsurance submission. This position manages one actuarial analyst.

Job Specifications:

  • Responsible for assisting and managing the Actuarial Business Services department
  • Provides management and underwriters with Reports to clearly monitor the results of the company in key performance areas including Profitability Analysis, Monthly Operating Review Meetings, Loss Ratio Rollforward, Production Highlights, Renewal and New Business, Quote and Hit
  • Prepares documentation to accompany enhanced Performance Measures for company-wide distribution
  • Provides underwriters with adequate and profitable Pricing guidelines 
  • Development of indicated premiums for individual accounts over $200,000
  • Support in the pricing of large Risk Solutions accounts as requested
  • Maintenance of a large account and fleet rating pricing tool
  • Maintenance of an automated Rating Manual for each line of business and coverage
  • Provides annual Plan Template to underwriting leaders for Premium and Commissions
  • Supports Finance as required on the input of data into the plan and mid-year forecast models
  • Assists in the final review of information gathered for reinsurance submissions for input before external release
  • Develops premium estimates for various coverage scenarios for the reinsurance treaties
  • Present projects to peers and management.
  • Collaborate with International Actuarial to ensure consistency where appropriate and where efficiency gains can be made to Large account pricing tool and Enhanced Performance Measures
  • Assists with leadership of the supporting team in dealing with strategic planning, operational and technical issues.
  • Manages work assignments, constructs an individual development plans and prepares initial compensation recommendations on a yearly basis for Analyst, Actuarial Business Services.
  • Responsible for maintaining and enhancing the working environment that fosters a strong team, open communication and exceptional performance.
  • Foster and maintain professional relationships with business partners including other areas of Actuarial Services, Corporate Finance, Underwriting and Corporate Headquarters
  • Collaborate and build network with peers globally to ensure consistency where appropriate and where efficiency gains can be made

Job Qualifications:

  • Completion of a postsecondary degree (University or College) with specialization in actuarial science, mathematics, finance, accounting or economics
  • Successful completion of a minimum of 5 parts of the Casualty Actuarial Society Exam Syllabus
  • A minimum of five (5) years of actuarial or related experience.
  • Strong leadership and people management skills
  • Strong computer skills, specifically Microsoft Office. Excellent working knowledge of Excel is essential
  • Strong analytical, problem solving skills including innovation and unconventional approaches
  • Strong project and time management skills
  • Ability to work and build relationships with internal and external customers
  • Excellent communication and interpersonal skills with the ability to explain complex subjects simply and effectively
  • Highly motivated to meet requirements of position and to provide quality services

We are proud to provide comprehensive, high-quality employee programs to meet our employees' needs now and in the future including a very competitive financial package. For more information about the benefits and rewards of working at Travelers Canada, click here.

Travelers Canada is an equal opportunity employer and invites culturally diverse applicants to join our team. We are an equal opportunity employer.

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