Sr. Analyst, Product Rating

Reposted 9 Days Ago
Be an Early Applicant
2 Locations
In-Office
82K-135K Annually
Senior level
Insurance
The Role
The Sr. Analyst, Product Rating supports business requirements and configurations for insurance products, ensuring alignment with regulations and strategic objectives. Responsibilities include conducting analyses, implementing product changes, and resolving rating discrepancies while mentoring team members.
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$81,500.00 - $134,500.00

Target Openings
1

What Is the Opportunity?
The Product Rating team collaborates with business units across personal or commercial insurance on all variables associated with premiums to achieve financial and strategic objectives at the national and the state/province level. The responsibilities of the team include leveraging and maintaining business-controlled rating engine/technologies, designing and implementing rate structures, updating product configuration rules, ensuring adherence of rating practices to regulatory and filing requirements, and resolving issues that may arise. As a Sr Analyst, Product Rating you will support the comprehensive examinations of business requirements and rate structure changes through working knowledge of current industry trends and techniques, and you may assist in mentoring less experienced members of the team. You will also verify alignment and coherence among various requirements within a project to maintain the integrity and reliability of product ratings.What Will You Do?
  • Conduct thorough analysis and contribute to business requirements, including rate filings and related documentation to ensure alignment with strategic objectives and regulatory standards. May coach less experienced members of the team through this analysis.
  • Design and implement structure changes to new and existing products and build rate pages for rate manuals.
  • Determine testing scope, perform unit testing, and validate modifications to adhere to best practices and business unit filing and regulatory requirements. Triage and resolve issues that arise during subsequent testing phases.
  • Ensure optimal functionality and accuracy of product configuration rules, rate factors within existing rating tables, and recommend enhancements and efficiencies to other business owned rating technologies.
  • Develop effective relationships with business partners such as actuarial to provide insightful consultation on the development of rating business and worksheet requirements.
  • Identify the root cause of rating discrepancies and perform analysis to rectify the issue.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Bachelor's degree in a related field.
  • Three or more years of programming and configuration, development, product, actuarial, regulatory or rating experience.
  • Understanding of personal or commercial property casualty insurance products.
  • Strong knowledge of relational databases, rating engines, programming languages and/or the methodologies used in assessing risk and determining pricing strategies.
  • Effective verbal and written communication skills to collaborate with and influence agents and consumers.
  • Strong critical thinking and analysis skills to address rating challenges and develop solutions.
  • Strong organization and time management skills to prioritize workload and ensure timely completion of assignments.
  • Strong ability to lead opportunities for improvement, drive positive change within the team, and contribute creative ideas or solutions.
What is a Must Have?
  • Bachelor’s degree in computer science or a related field, or equivalent combination of education and work experience.
  • Two or more years of programming, development, product, or rating 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 in computer science or a related field
  • Two or more years of programming, development, product, or rating experience
  • Three or more years of programming and configuration, development, product, actuarial, regulatory or rating experience
  • Understanding of personal or commercial property casualty insurance products

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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