Job details

Manager, PI Product Management

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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

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

$101,300.00 - $167,000.00

Target Openings

What Is the Opportunity?

Within the Product team at Travelers, you will have the opportunity to regularly engage in unique and intellectually stimulating business problems. As a Manager, 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 and influencing key stakeholders across the organization you will also ensure strategic direction and alignment for successful execution. You will coach and lead cross functional team(s) on growth strategies, products, and objectives.

What Will You Do?

Lead and guide the data analysis of business results including product refreshes, performance expectations and identifying root cause.
Develop and influence recommendations to drive desired growth & profitability impacts that demonstrate a holistic view of short- and long-term strategy with consideration for local regulatory nuances and broader marketplace dynamics.
Present, inform and influence recommendations to key leadership stakeholders including proposed product/pricing changes or new product builds.
Act as a senior resource in key strategic initiatives to support the goals and objectives of the broader organization.
Manage, coach, and/or guide analysts.
Perform other duties as assigned.

What Will Our Ideal Candidate Have?

Bachelor’s degree in Business Management/Administration, Mathematics, Finance, Actuarial Science, Economics, or other analytics related field.
Five years’ experience working in a mathematical, analytical, or data related role preferably in the financial services industry.
Experience developing techniques and procedures used to forecast insurance financials.
Has deep understanding of Travelers' business strategy and plan objectives to align with enterprise goals.
Excellent communication skills with the ability to interact and influence management.
Excellent analytical skills with the ability to evaluate and understand current data and systems, find deficiencies/opportunities, recommend changes, and translate into business impacts.
Demonstrated knowledge of pricing and actuarial techniques and understanding of actuarial concepts such as loss development and trending.
Understand the workflow and terminology of insurance products and processes and their impact on profit and loss.

What is a Must Have?

Bachelor's Degree or equivalent combination of education and experience.
Three 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/.

Average salary estimate

$134150 / YEARLY (est.)

min

max

$101300K

$167000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Manager, PI Product Management, Travelers

At Travelers, we believe in taking care of our customers, our communities, and each other—this is the essence of the Travelers Promise. We're not just looking for a Manager, PI Product Management to join our Hartford CT team; we're inviting you to be part of a culture that thrives on innovation and collaboration. In this pivotal role, you'll dive into unique and engaging business challenges that will allow you to lead the growth and profitability of various products or lines of business. Your analytical skills will shine as you dissect complex business problems, providing insightful recommendations that balance internal trends with the external market landscape. As you influence key stakeholders throughout the organization, you'll ensure we maintain alignment with our strategic objectives. With a focus on data analysis, you’ll guide your team to implement impactful growth strategies while managing product refreshes and performance expectations. Our ideal candidate will possess a Bachelor’s degree in a relevant field and at least five years of experience in a mathematical or data-centric role, preferably in financial services. If you have excellent communication skills, are guided by an analytical mindset, and are eager to lead cross-functional teams toward success, we’d love to see you thrive in this exciting position at Travelers.

Frequently Asked Questions (FAQs) for Manager, PI Product Management Role at Travelers

What are the main responsibilities of the Manager, PI Product Management at Travelers?

As the Manager, PI Product Management at Travelers, you will engage in a range of responsibilities, including overseeing product growth and profitability across specific lines of business. Your role will involve analyzing business results, making data-driven recommendations, and collaborating with various stakeholders to ensure strategic alignment within the organization.