VP, Product Manager II - Personal Insurance New England Region

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2 Locations
In-Office
178K-294K Annually
Senior level
Insurance
The Role
Leads regional personal insurance product strategy, profitability, growth, pricing, underwriting, regulatory engagement, and market execution across automobile and property products. Partners with distribution, operations, claims, regulatory, and systems teams; analyzes trends and financial results; negotiates rate changes; presents strategic recommendations to senior leadership; and develops product management talent.
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$177,900.00 - $293,600.00

Target Openings
1

What Is the Opportunity?
As a VP, Product Manager II, you will partner with Distribution Partners, Operations, & Claim leadership – plus all other relevant business unit functional areas - to manage the overall profitability and growth of automobile and property products for the states within your assigned region. You will collaborate with business partners to formulate, develop and execute local and countrywide line of business strategies to be implemented at a regional level. You will also play a critical role in the ongoing development of Product Management capabilities, including product insight, talent development, and enhancement of a culture aimed at rewarding innovative behaviors that influence regional execution. You will lead discussions with the senior leadership regarding health of your region and near / long term planning.What Will You Do?
  • Lead a technical product management team to direct the analysis process and make trend selections and rate and underwriting recommendations to meet profitability goals.
  • Collaborate with Distribution Partners to develop state profit and growth strategies, including product positioning and marketing.
  • Execute and lead countrywide product management initiatives at a regional level.
  • Develop the rate revision schedule with the systems integration team and field organization.
  • 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.
  • Negotiate rate changes with various channels and formulate business review packages to document the rate changes.
  • Partner with Personal Insurance internal regulatory/filing unit to respond to the department of insurance for rate filings and market conduct exams and serves as a consultant on consumer complaints and other interactions.
  • Accountable for implementation of standing orders, Countrywide and Underwriting, and pricing guidance.
  • Actively manage and address media inquiries related to local market actions.
  • Lead a team, in conjunction with functional partners, to complete financial analysis of territory results and impact on strategy for assigned region; present results to senior management.
  • Partner with Distribution partners to build expertise on regional strategies. Develop a comprehensive understanding of competitors and alternative markets within assigned region.
  • Build and maintain relationships with state regulators by attending regulatory meetings (i.e., IRES, and SERA), insurance department visits, and participation in industry group meetings.
  • Attract, develop, motivate and retain critical talent.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Eight years of product management experience, with experience in senior-level general management and an in-depth knowledge of two or more personal product lines.
  • Comprehensive P&C industry knowledge with deep knowledge of pricing and actuarial.
  • Ability to lead leaders and build, motivate, and develop team members.
  • Demonstrated ability to combine quantitative analysis with local market insight.
  • Demonstrated ability to recognizes the broader impact of recommendations across business lines.
  • Other critical skills include problem solving, influencing with and without authority, conflict management, and communication.
What is a Must Have?
  • Bachelor's Degree or equivalent combination of education and experience.
  • Six years of product management or related experience.
  • Four years of experience in data analytics.
  • Two years of Profit/Loss management experience.
  • Four years of managing others.
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 product management or related experience
  • Four years of experience in data analytics
  • Two years of profit and loss management experience
  • Four years of experience managing others
  • Eight years of product management experience
  • Senior-level general management experience
  • In-depth knowledge of two or more personal insurance product lines
  • Comprehensive property and casualty insurance industry knowledge
  • Deep knowledge of pricing and actuarial practices
  • Ability to lead, motivate, and develop team members
  • Ability to combine quantitative analysis with local market insight
  • Problem-solving, influencing, conflict-management, and communication skills

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: Hartford, CT
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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