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Product Manager, Data Strategy

We are seeking a talented individual to join our Data Strategy team at Guy Carpenter. This role will be based in New York, NY; Boston, MA or Philadelphia, PA. This is a hybrid role that has a requirement of working at least three days a week in the office.The Data Strategy team aims to cultivate and build on the data assets across all functions and lines of business globally across Guy Carpenter, the reinsurance brokerage of Marsh McLennan. The Product Management role specializes in leading customer engagement, solution design, and project coordination for data products. In partnership with technical leads, this position directs multi-disciplinary teams from data engineers to data scientists responsible for delivering a direct impact to colleagues and clients.We'll count on you to:• Break down customer problems - You can formulate problem statements and deeply understand customer goals - the root of a problem, not the symptoms. You have a mastery of product discovery and user research.• Build business cases - You can size problems, establish and track KPIs for your products’ success, and prove the business impact of the products and features you build.• Design solutions - You can design iterative with hypotheses and informed decision-making at each iteration of product development.• Create strategic long-term vision - You have the capacity to think about the evolution of your product, new technologies, and market changes on the horizon.• Mentor junior product managers and product analysts - You can ensure smooth transition of solutions into tactical backlog tickets without confusion or re-work. You can develop junior colleagues to step into more strategic roles.• Interface with key stakeholders and executives - You can prepare and deliver high-quality presentations tailored to specific audiences.What you need to have:• Successful shipment of at least 3 major new products or product lines from inception to market with proven market results• 5+ years of product management or business analyst work experience in data products• Ability to conduct exploratory data analysis and provide deep understanding of our business with conclusions and recommendations that show a high level of critical thinking• Proficiency in some or all: Excel, SQL, API requests, and basic scripting in Python or RWhat makes you stand out:• Strong understanding of modern data trends & principles (Machine Learning, AI, Natural Language, Crowd-Sourcing, Unstructured Data, Data Mining, Visualization) and the accompanying technology tooling ecosystem & vendor landscape• Experience on a high-performing data team at a technology, consulting, or start-up company• Insurance knowledge or strong interest in building insurance domain knowledge• A degree or deep expertise in a quantitative discipline such as computer science, engineering, mathematics, or physicsWhy join our team:• We help you be your best through professional development opportunities, interesting work and supportive leaders.• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.Guy Carpenter, a business of Marsh McLennan (NYSE: MMC), is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit guycarp.com, or follow on LinkedIn and X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@mmc.com.Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.The applicable base salary range for this role is $82,400 to $158,300.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.
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What You Should Know About Product Manager, Data Strategy, Guy Carpenter

Are you ready to take on an exciting challenge as a Product Manager, Data Strategy at Guy Carpenter? This role provides the perfect opportunity for a talented individual to join our dynamic Data Strategy team while working in a hybrid environment from Boston, MA, New York, NY, or Philadelphia, PA. You’ll play a vital role in leading customer engagement and solution design, driving projects for data products that truly make a difference to our colleagues and clients. Your ability to break down customer problems and build compelling business cases will set you apart as we evolve our data offerings. With a focus on mentorship, you'll help develop junior product managers and analysts into more strategic roles, ensuring smooth transitions within our operations. Not only will you interface with key stakeholders, but you will also create high-quality presentations, providing clarity and direction to our goals. At Guy Carpenter, we value innovation and collaboration, fostering a vibrant workplace that encourages professional development. With a strong backing from our parent company Marsh McLennan, you’ll have the chance to make an impact on a global scale while contributing to the evolving world of data in the insurance domain. Join us and be part of a team that celebrates diversity, values your insights, and empowers you to be your best self.

Frequently Asked Questions (FAQs) for Product Manager, Data Strategy Role at Guy Carpenter
What are the main responsibilities of a Product Manager, Data Strategy at Guy Carpenter?

As a Product Manager, Data Strategy at Guy Carpenter, your main responsibilities include leading customer engagement, designing solutions, and coordinating projects for data products. You'll work closely with data engineers and data scientists, breaking down customer problems, constructing business cases, and developing strategic visions for product evolution.

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What qualifications do I need to become a Product Manager, Data Strategy at Guy Carpenter?

To excel as a Product Manager, Data Strategy at Guy Carpenter, you should have at least 5 years of experience in product management or as a business analyst specifically in data products. Successful shipment of major products and proficiency in tools like Excel, SQL, and some basic programming in Python or R are highly valued.

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How does Guy Carpenter support the professional development of Product Managers, Data Strategy?

Guy Carpenter actively fosters professional growth for Product Managers in Data Strategy through a variety of development opportunities. You’ll be encouraged to participate in interesting projects and benefit from mentoring programs that help both junior and senior colleagues develop their skills and advance their careers.

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What makes a suitable candidate for the Product Manager, Data Strategy role at Guy Carpenter stand out?

A standout candidate for the Product Manager, Data Strategy position at Guy Carpenter will have a strong understanding of modern data trends like Machine Learning and AI. Experience with a high-performing data team and a background or interest in the insurance domain also sets candidates apart in our selection process.

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What is the work culture like for a Product Manager, Data Strategy at Guy Carpenter?

At Guy Carpenter, the work culture for Product Managers in Data Strategy is vibrant and inclusive. We emphasize teamwork, collaboration, and diversity, allowing you to engage with a variety of perspectives and create impactful solutions together with talented colleagues.

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Common Interview Questions for Product Manager, Data Strategy
Can you describe your approach to product discovery as a Product Manager?

In your response, emphasize your process for understanding customer needs through user research and data analysis. Highlight specific methodologies you've employed and any tools or frameworks that facilitate product discovery.

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How do you prioritize your product backlog?

Discuss how you utilize both qualitative and quantitative metrics to prioritize tasks. Mention any frameworks such as MoSCoW or RICE that you may use and how stakeholder feedback plays a role in your prioritization.

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What experiences do you have with cross-functional team collaboration?

Share significant examples that demonstrate your ability to work across various teams. Focus on communication strategies you used, challenges faced, and how you fostered relationships to achieve common goals.

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How do you measure the success of a product post-launch?

Talk about the KPIs and metrics you track after launching a product. Mention how this data informs future iterations or decisions within the product lifecycle and your overall product strategy.

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What's your experience with data analysis tools?

Discuss the tools you're proficient in such as SQL, Excel, or any visualization tools. Offer examples of how you've used these tools to inform product decisions or shape strategies.

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Can you provide an example of a successful product you managed?

Share a specific product journey from inception to market. Focus on your role, the challenges faced, and the outcome, emphasizing any key metrics that demonstrate its success.

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How do you handle stakeholder feedback during a product's development?

Explain how you actively seek and incorporate stakeholder feedback into your product strategy. Mention your process of balancing differing opinions and prioritizing user needs while managing expectations.

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What strategies do you use for mentoring junior Product Managers?

Discuss your approach to mentorship, focusing on providing guidance, sharing experiences, and setting expectations. Highlight any specific techniques you've found effective in developing junior team members.

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How do you stay current with market trends relevant to your product?

Talk about the resources you follow, whether industry reports, webinars, or networking events. Stress the importance of continuous learning and how it informs your strategic decisions.

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Describe a time you faced a challenge in product management and how you overcame it.

Narrate a specific challenge related to product management and explain your strategic approach to resolving it. Focus on the lessons learned and how this experience has improved your product management skills.

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Driven by innovation. Powered by purpose. Guy Carpenter brings together unmatched insights with bespoke solutions to help clients meet the challenges of our time.

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Full-time, hybrid
DATE POSTED
December 12, 2024

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