AVP, Product Management Auto

Travelers•Hartford, CT

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 a AVP, Product Management, you will be responsible for the profit and loss of a state(s), product, or line of business, including having oversight of competitor & market analyses, financial line leadership, and influencing business strategies related to the product line. You will leverage your broad understanding of a product line/line of business, you recognize how certain trends have an impact across multiple state(s), product, or line of business and translate ambiguous business needs into strategies and solutions. You will collaborate, partner, and influence business partners to understand the line of business strategy, incorporating market and state level dynamics and be responsible for talent development, resource planning and assignments to ensure work is delivered on time with a high degree of quality.

Requirements

Bachelor’s degree in Business Management/Administration, Mathematics, Finance, Actuarial Science, Economics, or other analytics related field.
Eight years’ experience working in a mathematical, analytical, or data related role preferably in the financial services industry.
Has deep understanding of Travelers' business strategy and plan objectives to align with enterprise goals.
Excellent communication skills with the ability to interact and influence with all levels of the organization.
Exceptional data analysis skills with the ability to interpret trends and report insights and recommendations to business partners.
Proven leadership skills with the ability to manage change, develop employees, and align resources to accomplish key objectives.
Thorough knowledge of pricing and actuarial techniques and understanding of actuarial concepts such as loss development and trending.
Expert understanding of workflow and terminology of insurance products and processes and their impact on profit and loss.
Bachelor's Degree or equivalent combination of education and experience.
Six years of experience in data analytics or similar work experience.

Responsibilities

Lead a team to direct the analyses to solve business problems and determine trends and apply judgment appropriately to meet profitability goals and collaborate with peers and partners to take actions to enhance business outcomes and communicate key profit metrics.
Partner with key stakeholders (sales, underwriting, etc.) to develop profit and growth strategies including product positioning and marketing approach and coordinate the rate revision schedule with the systems integration team and field organization.
Negotiate rate changes with various channels and formulate business review packages to document the rate changes and build expertise on regional strategies.
Make fact based strategic decisions based on a knowledge of the market, which includes competitors, regulatory and legal environment, claims handling trend, and distribution channel/agent relationships.
Develop and maintain relationships with state regulators by attending regulatory meetings (i.e., IRES, and SERA), insurance department visits, and participation in industry group meetings.
Present strategic overviews of assigned region to senior management.
Assess, prioritize, influence, and communicate strategic initiative options to senior leaders of production, analysis, project results, and other business initiatives.
Perform other duties as assigned.