Analyze business results, product performance, pricing, profitability, and market trends for specialty business insurance. Develop data-driven recommendations for product refreshes, pricing changes, and new product development while accounting for regulatory and marketplace factors. Present recommendations to business partners, support strategic initiatives, and provide subject matter expertise and mentorship.
Who Are We?ProductCompensation Overview1Within the Product team at Travelers, you will have the opportunity to regularly engage in unique and intellectually stimulating business problems. As a Sr Analyst, Product Management, you will manage the growth and profitability for a state(s), product, or line of business. You will analyze complex business problems and propose fact-based solutions with consideration of internal and external trends to achieve business objectives. By collaborating with partners across the organization you will ensure strategic direction and alignment for successful execution.What Will You Do?
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
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$83,500.00 - $137,800.00Target Openings
What Is the Opportunity?
- Independently conduct and understand data analysis of business results including product refreshes, performance expectations and identifying root cause.
- Formulate and execute potential recommendations to drive desired growth & profitability impacts based on established strategy with consideration for local regulatory nuances, and broader marketplace dynamics.
- Present, inform and influence recommendations to business partners including proposed product/pricing changes or new product builds.
- May function as a subject matter expert in strategic initiatives to support the goals and objectives of the broader organization.
- May coach and mentor on specific projects.
- Perform other duties as assigned.
- Bachelor’s degree in Business Management/Administration, Mathematics, Finance, Actuarial Science, Economics, or other analytics related field.
- Three years’ experience working in a mathematical, analytical, or data related role preferably in the financial services industry.
- Experience with competitive analysis tools.
- Strategic thinker with the ability to use sound judgment to resolve issues as they arise.
- Excellent communication skills with the ability to consult and present information effectively.
- Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
- Knowledge of pricing and actuarial techniques and understanding of actuarial concepts such as loss development and trending.
- Understand ratemaking and its application, such as profitability, risk loads, etc.
- Understand the workflow and terminology of insurance products and processes and their impact on profit and loss.
- Bachelor's Degree or equivalent combination of education and experience.
- Two 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/.
Travelers Edison, New Jersey, USA Office
Edison, United States
Travelers Morris Plains, New Jersey, USA Office
Morris Plains, United States
Travelers New York, New York, USA Office
485 Lexington Avenue, New York, NY, United States, 10017-2630
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Newark, United States
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