Director, Product Management, Small Commercial (Alternative Distribution)

Travelers • Hartford, CT

5d

About The Position

Within the Small Commercial Product Management team at Travelers, you will have the opportunity to regularly engage in unique and intellectually stimulating business problems. As a Director, Product Management (Alternative Distribution), you will partner with Underwriting & Sales to develop and execute on the long-term growth strategy and profitability for Strategic Partnerships and Digital Distribution capabilities. You will lead others in the formulation of recommendations based on analysis and interpretation of rates, data, and trends to achieve business objectives. By collaborating and influencing key stakeholders and senior leaders across the organization you will also ensure strategic direction and alignment for successful execution. You will lead cross functional team(s) on growth strategies, products, and objectives.

Requirements

• Bachelor's Degree or equivalent combination of education and experience.
• Four years of experience in data analytics or similar work experience.

Nice To Haves

• Bachelor’s degree in Business Management/Administration, Mathematics, Finance, Actuarial Science, Economics, or other analytics related field.
• Six 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.
• Deep knowledge of pricing and actuarial techniques and understanding of actuarial concepts such as loss development and trending.
• Understand the workflow and terminology of insurance products and processes and their impact on profit and loss.

Responsibilities

• Direct and initiate the process of complex data analysis of business results including product refreshes, performance expectations and identify root causes and how results impact the broader organization.
• Develop and execute on short and long-term growth strategies for Strategic Partnerships, Digital Distribution and National Sales Capabilities ensuring profitable growth.
• Manage, coach, and guide a team and/or project initiatives.
• Develop and influence recommendations to drive desired growth & profitability impacts based on holistic view of short- and long-term strategy with consideration for local regulatory nuances and broader marketplace dynamics.
• Implement strategic vision and navigate and adjust short- and long-term strategies to adopt recommendations.
• Independently present, inform and influence recommendations to senior leadership including proposed product/pricing changes or new product builds to gain consensus on implementing recommendations.
• Act as a senior resource in key strategic initiatives and projects in support of the broader organization, leveraging cross-functional leadership and strong communication with stakeholders.
• 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: Director