Sr. Director, Product
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, Underwriting 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 $109,700.
00 - $181,000.
00 Target Openings 1 What Is the Opportunity? As a Sr.
Director, Product, you will leverage your underwriting and industry expertise to manage and assess the performance of the GL and UMB product lines of the CEM portfolio(s) to ensure underwriting philosophy and practices are consistent with business unit goals.
You will play a key role in the development and implementation of underwriting, product, and operational business strategies to support the achievement of underwriting and production goals.
What Will You Do? Independently evaluate the performance of assigned portfolio(s).
Leverage analytics and judgment to develop and implement underwriting, product, and operational business strategies based on observed trends and emerging issues.
Provide collaborative technical underwriting and product support to field staff on individual account transactions including appetite, exposure, and coverage consultation.
Partner with Learning & Development and business subject matter experts to develop and deliver technical underwriting and product training curriculum for assigned portfolio(s).
Collaborate with business partners to share portfolio insights, results, and emerging issues.
Support partnerships with Business Insurance and Enterprise Underwriting teams to ensure underwriting appetite is aligned to corporate strategy.
With the Marketing and Sales/Business Development teams, assist in creating strategies to advance the value proposition of assigned portfolio(s) including marketing campaigns and new business generation capabilities.
In partnership with business unit subject matter experts, gather marketplace insights to aid in the development of product strategy and roadmap for assigned portfolios.
What Will Our Ideal Candidate Have? 5 or more years of property and casualty commercial underwriting experience.
5 or more years of Business Insurance in the areas of policy and/or non-policy form work or similar type work.
Business insurance underwriting, coverage, processes, and risk analysis experience.
Thorough understanding of insurance products, systems, contracts, forms, coverage, distribution channels, regulatory environment and insurance financials.
Data analysis skills with the ability to leverage observed trends in portfolio management strategies.
Results driven.
Customer-focused orientation (agent and consumer).
Written and verbal communication skills and ability to influence various audiences across the enterprise.
Relationship building skills with the ability to work independently and collaboratively with internal and external partners.
Actively invests in improving own capabilities.
Preferred:
CPCU, IIA or other recognized insurance designations (Examples:
, ARM, CIC) What is a Must Have? Bachelor's degree required.
4 years of insurance experience with strong understanding of products, underwriting, coverage, rules, forms, regulatory environment, risk management, pricing/filing processes and insurance financials required.
Advanced knowledge of Microsoft office products (Excel, Word, PowerPoint) 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.
Employment Practices Travelers is an equal opportunity employer.
We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve.
We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email ( email protected ) 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/.
Recommended Skills Business Development Communication Consulting Contract Management Customer Value Proposition Data Analysis Estimated Salary: $20 to $28 per hour based on qualifications.
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, Underwriting 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 $109,700.
00 - $181,000.
00 Target Openings 1 What Is the Opportunity? As a Sr.
Director, Product, you will leverage your underwriting and industry expertise to manage and assess the performance of the GL and UMB product lines of the CEM portfolio(s) to ensure underwriting philosophy and practices are consistent with business unit goals.
You will play a key role in the development and implementation of underwriting, product, and operational business strategies to support the achievement of underwriting and production goals.
What Will You Do? Independently evaluate the performance of assigned portfolio(s).
Leverage analytics and judgment to develop and implement underwriting, product, and operational business strategies based on observed trends and emerging issues.
Provide collaborative technical underwriting and product support to field staff on individual account transactions including appetite, exposure, and coverage consultation.
Partner with Learning & Development and business subject matter experts to develop and deliver technical underwriting and product training curriculum for assigned portfolio(s).
Collaborate with business partners to share portfolio insights, results, and emerging issues.
Support partnerships with Business Insurance and Enterprise Underwriting teams to ensure underwriting appetite is aligned to corporate strategy.
With the Marketing and Sales/Business Development teams, assist in creating strategies to advance the value proposition of assigned portfolio(s) including marketing campaigns and new business generation capabilities.
In partnership with business unit subject matter experts, gather marketplace insights to aid in the development of product strategy and roadmap for assigned portfolios.
What Will Our Ideal Candidate Have? 5 or more years of property and casualty commercial underwriting experience.
5 or more years of Business Insurance in the areas of policy and/or non-policy form work or similar type work.
Business insurance underwriting, coverage, processes, and risk analysis experience.
Thorough understanding of insurance products, systems, contracts, forms, coverage, distribution channels, regulatory environment and insurance financials.
Data analysis skills with the ability to leverage observed trends in portfolio management strategies.
Results driven.
Customer-focused orientation (agent and consumer).
Written and verbal communication skills and ability to influence various audiences across the enterprise.
Relationship building skills with the ability to work independently and collaboratively with internal and external partners.
Actively invests in improving own capabilities.
Preferred:
CPCU, IIA or other recognized insurance designations (Examples:
, ARM, CIC) What is a Must Have? Bachelor's degree required.
4 years of insurance experience with strong understanding of products, underwriting, coverage, rules, forms, regulatory environment, risk management, pricing/filing processes and insurance financials required.
Advanced knowledge of Microsoft office products (Excel, Word, PowerPoint) 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.
Employment Practices Travelers is an equal opportunity employer.
We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve.
We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email ( email protected ) 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/.
Recommended Skills Business Development Communication Consulting Contract Management Customer Value Proposition Data Analysis Estimated Salary: $20 to $28 per hour based on qualifications.
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