AVP, Product Management Auto

Posted 5 Hours Ago
Be an Early Applicant
7 Locations
In-Office
146K-242K Annually
Senior level
Insurance
The Role
Lead product management for auto insurance lines, owning P&L, competitor and regulatory analysis, rate strategy, stakeholder partnership, team development, and presentation of regional strategies to senior management to drive profitability and growth.
Summary Generated by Built In
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 170 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.

Job Category
Product

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$146,400.00 - $241,600.00

Target Openings
1

What Is the Opportunity?
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.
As of the date of this posting, Travelers anticipates that this posting will remain open until August 24th, 2026.What Will You Do?
  • 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.
What Will Our Ideal Candidate Have?
  • 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.
What is a Must Have?
  • Bachelor's Degree or equivalent combination of education and experience.
  • Six years of experience in data analytics or similar work experience.
What Is in It for You?
  • 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.
Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

Skills Required

  • Bachelor's degree or equivalent combination of education and experience.
  • Six years of experience in data analytics or similar work experience.
  • Eight years' experience working in a mathematical, analytical, or data related role (preferable).
  • Deep understanding of Travelers' business strategy and plan objectives to align with enterprise goals.
  • Excellent communication skills with ability to interact and influence at all levels.
  • Exceptional data analysis skills to interpret trends and report insights and recommendations.
  • Proven leadership skills to manage change, develop employees, and align resources.
  • Thorough knowledge of pricing and actuarial techniques; understanding of loss development and trending.
  • Expert understanding of insurance product workflow and terminology and their impact on profit and loss.

Travelers Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Travelers and has not been reviewed or approved by Travelers.

  • Retirement Support Feedback suggests total rewards are bolstered by a 401(k) match, a company‑funded pension, and a program that contributes to retirement savings when employees make student‑loan payments. These elements are consistently portrayed as standout strengths of the package.
  • Leave & Time Off Breadth Feedback suggests time off is generous from the start, with substantial PTO, paid holidays, and the option to purchase additional days. Defined leaves such as short‑term disability and bereavement further enhance perceived flexibility.
  • Healthcare Strength Feedback suggests medical, dental, and vision coverage is comprehensive, with multiple plan choices, HSAs/FSAs, and robust mental‑health and wellness resources. Day‑one eligibility and added programs like caregiver support and specialty care navigation reinforce depth.

Travelers Insights

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The Company
HQ: New York, NY
35,118 Employees

What We Do

Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 165 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other. Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers. Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount. By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.

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