Product Director (3rd Party Data) 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
$80,800.00 - $133,300.00

Target Openings


What Is the Opportunity?
• Under general supervision, this position leads the design and delivery of new and enhanced countrywide reports, products and services involving third-party data. Develop I.T. business requirements and testing criteria. May provide functional advice or training. Acts as team leader and key member for operational projects. May monitor and manage underwriting reports and costs including outside vendors providing such services. May work with state regulators and market conduct examiners. Senior-level position, responsible for project management. Integrates product models into business strategies and decisions. Influences business decisions. Responsibilities include multiple product management functions. The management component of this level is closer to consultation than supervision. Serve as the Project Mgr. on complex projects and can be expected to concurrently manage multiple complex projects while handling regular job responsibilities. After a project is assigned, the incumbent is completely responsible for its success. Develops third-party data strategies that tie to business goals and objectives through partnership with finance, R&D, actuarial, underwriting, customer experience, platform, technology, regulatory, marketing and distribution and ensures adherence to them throughout the product development and implementation lifecycle.What Will You Do?
  • Lead third-party data related efforts such as development of product features, I.T. business requirements and testing, and responding to product questions.
  • Ensure documentation of new and revised changes, rules, forms, referrals, and endorsements.
  • Monitor market and vendor performance; make adjustments as required. Monitor expense control.
  • Extract, analyze and present data summary to senior management.
  • Participate in discussions regarding strategy. Communicate and negotiate with legal, I.T., marketing and claim depts.
  • Implement strategies to improve profitability of the business.
  • Recommend solutions for process inefficiencies.
  • Preview, test, utilize, and monitor vendor products and data (e.g. outside reports). Integrate into the business decision making process.
  • Develop and communicate philosophy, policies and procedures.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Typically 5+ yrs. experience in home/field office PL underwriting, pricing, filing, coverage, systems and compliance.
  • Strong understanding of PL products.
  • Strong understanding of regulatory environment.
  • Strong PC skills.
  • Solid knowledge of PL pricing, filing, coverage, underwriting, compliance and systems; PL distribution channels
  • Teamwork: effective working relationships
  • Project Management: develop and communicate realistic project plans; coordinate resources and tasks with other PL depts.
  • Leadership: take ownership/accountability for projects or roles, providing guidance and influence to achieve results. Demonstrate effective negotiation and conflict resolution abilities.
  • Customer focus: identify needs and implement actions to effectively address them.
  • Ability to influence others and develop consensus around a plan of action.
  • Clearly understands how unit relates to the business division.
  • Behave with sense of urgency to achieve desired results.
  • Maintains a positive, achievement-oriented attitude.
  • Demonstrates initiative and innovation.
  • Uses resources effectively.
  • Effectively articulates data analysis to customers, management and external parties.
  • Solid problem solving skills.
  • Willingness to learn.
  • Insurance related degrees or designations a plus

What is a Must Have?
  • Bachelor's degree required. Minimum of 4 years' property casualty insurance experience with working knowledge and experience in product underwriting or coverage.
  • Intermediate knowledge of Microsoft office products (Excel, Word, PowerPoint).

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
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 210 open jobs at Travelers, click here.
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