AVP, Product Mgr III, Select at Travelers (Hartford, CT)

| Hartford, CT
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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.

Job Category

Product Management/Pricing

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
$121,300.00 - $200,100.00

Target Openings

1

What Is the Opportunity?

This position in Select Accounts (Business Insurance) will partner with senior regional leadership to manage profit and growth for a region. This role takes an active responsibility in formulating and collaborating on local and countrywide strategies in conjunction with regulatory, actuarial, and field partners. A Select PM 3 leads a team that focuses on competitor behaviors, marketplace dynamics, pricing segmentation, and line and segment level analysis. This position also participates in line of business strategies at a countrywide level, while collaborating with field leadership to implement decisions at a state and regional level.What Will You Do?
  • Product Management lead role in a collaborative relationship with field partners that supports local strategies.
  • Leadership of 3-5 individuals in a territory that typically contains several states, which may be complex regulatory environments.
  • Hiring authority and influential participant in the development of Product Management Analysts.
  • Take on a leadership role within the region in the development of pricing and growth strategies on multiple products in 3-6 lines of business including 15 segments across multiple territories in multiple states.
  • Initiate strategies based on analysis of data with input from field partners.
  • Take on a formal leadership role in the management of a countrywide line of business.
  • Responsible for maintaining a thorough understanding of interacting variables in marketplace execution.
  • Based on Travelers and industry information, formulate conclusions and make strategic recommendations.
  • Lead a team in the formulation of recommendations based on analysis and interpretation of rates, data, and trends.
  • 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.
  • 6 years product management experience preferred.
  • Thorough P&C industry knowledge.
  • Experience in senior level "general management" functions.
  • Typically has in depth knowledge/experience in one Commercial product line.
  • Comprehensive knowledge of Pricing and Actuarial techniques.
  • Ability to Build, Motivate, and Develop Team Members Collectively and Individually.
  • Strong Analytical Ability.
  • Problem Solving Skills.
  • Ability to build strong business relationships with business partners and across the enterprise.
  • Leading others to develop strong working relationships with business partners including business service centers, information technology, claim, actuarial, etc.
  • Strong 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.
  • Attract and retain top talent in the Select Product Management team.
  • Ability to balance quantitative analysis with local market insight.
  • Strong recognition of the effects of recommendations beyond individual lines of business, or beyond Select.
  • Strong Negotiation, Conflict Management, and Influential Abilities
  • Ability to Navigate Different Disciplines Connected with Product Management .


What is a Must Have?
  • Bachelor's degree required.
  • Four years of experience in data analytics required.
  • One year managing others required.


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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five free counseling sessions with a licensed therapist.
  • 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.

Travelers offers a hybrid work location model that is designed to support flexibility. #LI-Hybrid

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.

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/.
More Information on Travelers
Travelers operates in the Insurance industry. The company is located in New York, NY and Hartford, CT. Travelers was founded in 2022. It has 35118 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 203 open jobs at Travelers, click here.
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