Job Description:
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 160 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.
Compensation 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
$160,200.00 – $256,500.00
Target Openings
1
What Is the Opportunity?
This position in Select Accounts (Business Insurance) will lead the product and portfolio management for the Package Lines products, including the MasterPac and BOP 2.0 products. This role is responsible for the overall countrywide P&L of the total line of business through the creation and implementation of business strategies, coordinating and collaborating across Small Commercial and Business Insurance to drive execution. This role will partner closely with the actuarial and A&R teams within Small Commercial and Business Insurance to continue to enhance the BOP 2.0 product in the market as well as work closely with the Small Commercial regional Product Management and Underwriting team's strategies for the line. This position is also critical in the ongoing development of Select Product Management capabilities, including product insight, talent development, and enhancement of a culture aimed at rewarding innovative behaviors that influence regional execution.
What Will You Do?
- Oversight of multiple Product Management teams that work in a collaborative relationship across the enterprise.
- Partner across Small Commercial and Business Insurance to drive countrywide strategies aimed at maximizing growth and profit.
- Partner with peers to lead day-to-day priorities within Select Product Management organization.
- Leadership role on line of business teams that ensure countrywide strategies align with BI strategies on a line of business.
- Effectively communicate financial results and impact of strategy to senior management.
- Articulate and drive behaviors and actions throughout Select Product Management.
- Drive new strategy considerations through the encouragement of innovative ideas aimed at local and countrywide impact.
- Leading others to develop strong working relationships with business partners including the BI Product organization, claim, reserving, A&R, actuarial, etc.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Bachelor’s degree in business management, mathematics, management information, finance, actuarial science, economics or other analytics-related field preferred.
- Master’s degree preferred.
- 8 years of product management experience preferred.
- Comprehensive P&C industry knowledge.
- Experience in senior-level “general management” functions.
- Typically has in-depth knowledge/experience in two or more Commercial product lines.
- Comprehensive knowledge of Pricing and Actuarial techniques.
- Ability to Lead Leaders.
- Team Leadership: Ability to build, motivate, and develop leaders and team members collectively and individually. Attract and retain top talent in the Product Management team.
- Problem Solving Skills.
- Exceptional Verbal and Written Communication Skills.
- Drive for Results and Action Orientation.
- Excellent Presentation Skills.
- Consistent Demonstration of Quality Decision Making.
- Excellent Organizational and Time Management Skills.
- Excellent Conflict Management, and Influential Abilities.
- Track Record of Navigating Different Disciplines Connected with Product Management.
- Strong ability to recommend and influence strategic maneuvers that create short and long-term advantages for Select.
- Attract and retain top talent in the Select Product Management team.
- Ability to balance quantitative analysis with local market insight.
- Excellent recognition of the effects of recommendations beyond individual lines of business, or beyond Select.
What is a Must Have?
- Bachelor’s degree required.
- Four years of experience in data analytics is required.
- Two years of Profit/Loss management experience required.
- Four years of managing others is required.
