Job details

Senior Director Business Process Management - Loss Sensitive Billing

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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

Finance and Accounting

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

$123,000.00 - $203,000.00

Target Openings

What Is the Opportunity?

Provide domain knowledge for Travelers Loss Sensitive Payment and Billing process as part of Enterprise modernization initiative. This role is critical to the modernization of the current Loss Sensitive Payment & Billing ecosystem by assisting in the understanding of the current state while driving detailed requirements for our reimagined future state. The role will own the development of efficient workflows to meet the needs of customers, agents, and employees. Additional responsibilities may include leading others involved in the Payment & Billing Transformation program and support operational readiness.

What Will You Do?

Assist in developing and translating the business strategy for implementation, implications, approach, and cost and ensure it is aligned with enterprise and/or business unit goals.
Proactively identify opportunities and problems through root cause analysis, active listening, and engagement with stakeholders that span across multiple teams, business areas, and processes.
Identify and Assess recommendations for process improvement opportunities and engage key stakeholders to secure the buy-in to implement changes and initiate and implement large/multiple improvement opportunities.
Own and optimize the performance of an assigned capability or business area, and/or technology, including collaborating with stakeholders, requesting, and obtaining the proper tools, resources, and funding to maximize business value, as appropriate.
Own, lead, and influence the end-to-end execution of the operational components of multiple/high complexity initiatives that have a broader impact across the line of business including the benefits monitoring, benefits realization, as appropriate.
Assist in the prioritization of efforts and advocacy for resource allocation.
Coach team members on process improvement tools, methodologies, approaches, and foundational knowledge to ensure the successful rollout and enhancements across all initiatives.
Perform other duties as assigned.

What Will Our Ideal Candidate Have?

Significant experience with Loss Sensitive Billing & Receivables Management
Experience with Guidewire or other billing and risk management systems.
Bachelor’s Degree.
5 years of related experience.
Familiarity with Six Sigma and Agile methodology, Green Belt certification is a plus.
Advanced organization skills with the ability to manage multiple priorities simultaneously and follow through to ensure timely completion.
Thorough knowledge of trends, emerging platforms, and new technologies and ability to identify best practices and implement them into the organization.
Ability to quickly gain an understanding of Travelers’ business strategy and plan objectives to align with enterprise goals.
Exceptional data analysis skills to interpret trends and report insights and recommendations to business partners.
Ability to understand business goals and influence others to achieve the goals.
Excellent written and verbal communication skills with the ability to consult on projects and present information effectively to all seniority levels.

What is a Must Have?

6 years of experience in operations, collaborating on projects, or working in a related field.
3 years of leading, coaching, and/or indirect or direct management 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/.

Average salary estimate

$163000 / YEARLY (est.)

min

max

$123000K

$203000K

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What You Should Know About Senior Director Business Process Management - Loss Sensitive Billing, Travelers

Are you ready to take your career to the next level? As the Senior Director of Business Process Management for Loss Sensitive Billing at Travelers based in Hartford, Connecticut, you'll play a crucial role in our mission to innovate and strengthen our billing ecosystem. Here at Travelers, we pride ourselves on our dedication to our customers and communities, and we are looking for someone with a strong background in Loss Sensitive Billing and Receivables Management to join our team. Your main responsibility will be to guide our Enterprise modernization initiative, shaping the future of our Loss Sensitive Payment & Billing processes. You'll work collaboratively with various teams to analyze current workflows, identify areas for improvement, and implement strategies that enhance efficiencies for customers, agents, and employees alike. You’ll use your exceptional analytical skills to explain complex data trends and recommend actionable insights to business partners. If you excel in leading teams, fostering collaboration, and you have experience with systems like Guidewire, you might be the perfect fit. Your expertise with Six Sigma and Agile methodologies will help drive our initiatives forward, and we believe your strong communication skills will make you an influential part of our organization. At Travelers, we offer competitive salaries, comprehensive benefits, and an environment where you can thrive. Join us and become a key player in continuing our legacy of excellence that stretches back over 160 years.

Frequently Asked Questions (FAQs) for Senior Director Business Process Management - Loss Sensitive Billing Role at Travelers

What are the main responsibilities of the Senior Director Business Process Management - Loss Sensitive Billing at Travelers?

The Senior Director for Business Process Management - Loss Sensitive Billing at Travelers is responsible for overseeing the modernization of the Loss Sensitive Payment & Billing process. This includes guiding efforts in business strategy development, identifying process improvement opportunities, leading teams through major initiatives, and ensuring that enhancements align with the company's overall goals. The role also involves collaborating with stakeholders to optimize workflows and enhance efficiency.