Analyst, Product Management - Personal Insurance

Travelers • Hartford, CT

12d

About The Position

Within the Product team at Travelers, you will have the opportunity to regularly engage in unique and intellectually stimulating business problems. As an Analyst, Product Management, you will support the management of growth and profitability for a state(s), product, or line of business. You will analyze business problems and propose fact-based solutions with consideration of internal and external trends to achieve business objectives. By collaborating with partners across the organization you will support the strategic direction and alignment for successful execution.

Requirements

• Bachelor's Degree or equivalent combination of education and experience.
• One year of professional work experience.

Nice To Haves

• Bachelor’s degree in Business Management/Administration, Mathematics, Finance, Actuarial Science, Economics, or other analytics related field.
• Two years of working experience in a mathematical, analytical or data related role.
• Experience with competitive analysis tools.
• Working knowledge of pricing and actuarial techniques and understanding of basic actuarial concepts such as loss development and trending.
• Understand basic ratemaking and its application, such as profitability, risk loads, etc.
• Build an understanding of business units, functional units, product, workflows, etc., and their impact on profit and lost.
• Ability to analyze data to interpret trends and provide insights to management.
• Ability to think strategically and use judgment to resolve issues as they arise.

Responsibilities

• Support data analysis of business results including product refreshes, performance expectations and identifying root cause.
• Assist in the formulation and execution of potential recommendations to drive desired growth & profitability impacts based on established strategy with consideration for local regulatory nuances, and broader marketplace dynamics.
• Present and inform recommendations to assigned team including proposed product/pricing changes or new product builds.
• May function as a subject matter expert on assigned team projects.
• Perform other duties as assigned.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees