Sr Analyst, Product Rating

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 CategoryProductCompensation 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$81, $134, Target Openings What Is the Opportunity?The Product Rating team collaborates with business units across personal or commercial insurance on all variables associated with premiums to achieve financial and strategic objectives at the national and the state/province level. The responsibilities of the team include leveraging and maintaining business-controlled rating engine/technologies, designing and implementing rate structures, updating product configuration rules, ensuring adherence of rating practices to regulatory and filing requirements, and resolving issues that may arise. As a Sr Analyst, Product Rating you will support the comprehensive examinations of business requirements and rate structure changes through working knowledge of current industry trends and techniques, and you may assist in mentoring less experienced members of the team. You will also verify alignment and coherence among various requirements within a project to maintain the integrity and reliability of product ratings.What Will You Do?

• Conduct thorough analysis and contribute to business requirements, including rate filings and related documentation to ensure alignment with strategic objectives and regulatory standards. May coach less experienced members of the team through this analysis.
• Design and implement structure changes to new and existing products and build rate pages for rate manuals.
• Determine testing scope, perform unit testing, and validate modifications to adhere to best practices and business unit filing and regulatory requirements. Triage and resolve issues that arise during subsequent testing phases.
• Ensure optimal functionality and accuracy of product configuration rules, rate factors within existing rating tables, and recommend enhancements and efficiencies to other business owned rating technologies.
• Develop effective relationships with business partners such as actuarial to provide insightful consultation on the development of rating business and worksheet requirements.
• Identify the root cause of rating discrepancies and perform analysis to rectify the issue.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor's degree in a related field.
• 3+ years of experience in programming, configuration, development, or related functional domains (e.g., product, actuarial, regulatory, or rating).
• Hands-on experience using Earnix Price-It and/or Ratabase Product Builder software.
• Skilled in writing and optimizing Excel formulas with accurate syntax and logic.
• Proficiency with Python programming.
• Basic understanding of JSON format and how to read, write, and manipulate JSON data.
• Solid understanding of commercial property casualty insurance products.
• Effective verbal and written communication skills to collaborate with team members and business partners.
• Strong critical thinking and analysis skills to address rating challenges and develop solutions.

What is a Must Have?

• Bachelor's degree in computer science or a related field, or equivalent combination of education and work experience.
• Two or more years of programming, development, product, or rating experience.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to 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 program 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. 

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

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

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