Senior Manager - Actuarial Product Umbrella

What Is the Opportunity?

Business Insurance Actuarial Product – Umbrella is seeking a Senior Manager to play a central role in the implementation, launch, and post-management of our flagship umbrella rating plan, TCUP. This is a rare opportunity to work on a new rating plan from development through go-live and beyond — owning the actuarial work that ensures it performs in market and evolves over time.

You will lead the analytical execution behind TCUP's disruption and implementation strategy, then transition into ongoing monitoring and management of plan performance. That includes evaluating and communicating results, applying independent actuarial judgment, and recommending pricing adjustments as market conditions develop.

You will work cross-functionally with underwriting, product, and other support teams to align on priorities and drive outcomes, while also contributing to broader strategic planning for the product. The role includes direct management of one individual contributor, with responsibility for performance management, development, and onboarding.

What Will You Do?

• Hold a lead role in strategic planning as well as manage 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.
• Drive day to day execution within unit.
• Support broad department initiatives.
• Become proficient in making decisions independently in accordance with department practices.
• Begin to provide direction and review others' analytical work.
• Translate business requests into analytical solutions.
• Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication

• Communicates analysis, project results, and other business initiatives on a regular basis to staff, peers, and business partners.
• Communicates technical topics to non-technical audience with guidance from manager.
• Participates and may lead group discussions.
• Creates formal written communication such as memos or presentations with guidance.

Talent

• Staff responsibilities may include direct management of 1 to 2 individual contributors or interns.
• Acquire, retain, and develop talent for assigned unit.
• Execute and communicate talent development processes, including performance and personal development goals.
• 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.

Relationship Management

• Proactively build and own professional business relationships across the BI&AA community across the Enterprise.
• Generate and solicit ideas, and build consensus with guidance.
• Aware of potential conflict and addresses with limited guidance.
• Set and manage expectations with business partners for small projects.

Quantitative Analysis

• Evaluate and use appropriate data, tools and methods.
• Independently perform and implement analytics.
• Engage in technical/peer review.
• Design and contribute on more complex analytic work.
• Understand diverse perspectives to effectively accomplish business goals.

Must Have

• Bachelor's Degree or equivalent experience.
• 3 years of experience in quantitative analysis.

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 $120,400.00 - $198,700.00 Target Openings 1