2VP, Workers Compensation Product

The Travelers Companies, Inc   •  

Hartford, CT

Industry: Accounting, Finance & Insurance


8 - 10 years

Posted 131 days ago

This job is no longer available.

Job Summary
Influential leadership position managing a team responsible for the strategic product development and management functions for the Workers Compensation line of business. This position partners across the enterprise to support the overall profitability, growth and retention of the product line and consistency of all related product and underwriting initiatives.

Supports the strategic and operations functions of a particular product line (Workers Comp, Auto, GL, Umbrella, and Property) or Industry for the BI Product or a product line within a business. Supports the overall profitability, growth and retention of the product line and consistency of all related underwriting initiatives.

Primary Job Duties & Responsibilities
Provides expert opinion in and expanded enterprise position review when product proposals are presented to BI Product or within a business. This includes an analysis of pros and cons; findings and investigations conducted; analysis of corporate exposure and the identification of enterprise opportunity. Works collaboratively with business units to determine product line strategy in the business and/or Business Insurance. Establishes and recommends underwriting policies and standards which support the development of assigned product and services such as researching and identifying target business, competitor information, industry and economic factors across the business and/or Business Insurance. Responsible for the development and execution of corporate/business underwriting policies/standards on topics of broad interest or national exposure such as catastrophes, terrorism, pandemics, climate change, etc. Coordinates with actuarial to ensure there is a consistent approach to assigned product across the business and/or Business Insurance. Coordinates with Claim to ensure that claim initiatives are aligned with product line strategy. Develops and implements monitoring standards to assess product results such as profitability analysis, quarterly loss trends, payout and claims management strategies, etc., and recommends corrective actions. May represent the company’s position on assigned product line issues at the state and national level on regulatory issues, rates, filings, and political questions. Directs the maintenance of forms and rate filings for product line and related products. This includes initial form and rate filings (proprietary pricing and NCCI) as well as subsequent responses to insurance departments. Directs the analysis of information to support the development of product, services and/or new programs that may be appropriate for enterprise wide deployment. May conduct training for UDPs or other employees on the product of expertise. May provide counsel and guidance to field staff on product specific issues.

Minimum Qualifications
Bachelor’s degreerequired. 4 years leadership and management of others experiencerequired. 7 years insurance experience with advanced understanding of products, underwriting coverage, rules, forms, regulatory environment, risk management, pricing/filing processes, underwritingprocesses, and insurance financials required. Intermediate knowledge of Microsoft office products (Excel, Word, PowerPoint) required.

Education, Work Experience & Knowledge
Master’s Degree 8 years of Business Insurance product (non-rate) experience. 8 years of Business Insurance in the areas of policy and/or non-policy form work or similar type work. Business insurance forms/product development, claims or legal experience. Thorough understanding of property and casualty insurance products, systems, underwriting, claims, distributionchannels, regulatory Advanced knowledge of Microsoft Office Visio Advanced knowledge of