Sr. Analyst, Product Development - Personal Insurance Auto

Travelers•Hartford, CT

About The Position

Product Development teams play a critical role in the achievement of Travelers financial objectives (growth, profit & retention) for one or more insurance products through the development, implementation and monitoring of product strategies and corresponding actions. As a Sr Analyst, Product Development, you will assist and implement analysis and evaluation of existing market and new product opportunities that deliver product development and product enhancements to the marketplace. In this role you will implement existing and new product solutions including monitoring and evaluating product performance and action plans.

Requirements

Bachelor's Degree or equivalent combination of education and experience.
Two years of relevant experience with understanding and knowledge of insurance products.

Nice To Haves

Bachelor’s Degree.
Three years of product development experience preferably in the financial services industry.
General knowledge of underwriting, coverage, rules, compliance/regulatory environment, and insurance financials.
Ability to think strategically and use judgment to resolve issues as they arise.
Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
Excellent communication skills with the ability to consult and present information effectively.
Experience working on cross-functional teams.
Have strong innovation skills including thinking critically about multiple perspectives and approaches to solving problems.
Demonstrated ability to interact and across levels and organizations, including consensus and team building.

Responsibilities

Execute and enhance existing product strategies and actions by collaborating and communicating with business unit stakeholders and management to achieve financial objectives.
Conduct high level market, competitor, and consumer research analysis to identify and recommend new products, markets and services or enhance existing ones.
Identify potential opportunities through root cause analysis and propose solutions.
Understand and assist with developing and implementing system and process solutions that align with the product’s strategy.
Execute product enhancement work including launch and rollout plans related to established product strategies and action plans.
Ensure strategies and plans address compliance needs and regulatory requirements.
Perform analysis by accessing and utilizing data to update recommendations on new or existing products.
When appropriate, partner with data analytic teams to build support for recommendations.
Develop communication, training, and marketing materials in support of new or enhanced products and initiatives and may deliver training to stakeholders when appropriate.
Support the post implementation monitoring and measurement mechanisms for product strategies and initiatives in support of outlined success criteria.
Perform other duties as assigned.