The Travelers Companies, Inc

Sr. Analyst, Product Development - Personal Insurance Auto

The Travelers Companies, Inc$81K — $134K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree or equivalent combination of education and experience.
  • Three years of product development experience preferably in the financial services industry.
  • General knowledge of underwriting, coverage, compliance/regulatory environment, and insurance financials.
  • Strong data analysis skills with the ability to interpret trends and provide insights.
  • Excellent communication skills capable of effective consultation and presentation.
  • Ability to think strategically and resolve issues proactively.
  • Demonstrated ability to work on cross-functional teams.

Responsibilities

  • Execute and enhance product strategies by collaborating with stakeholders to achieve financial objectives.
  • Conduct market, competitor, and consumer research to recommend new products or enhancements.
  • Identify opportunities through root cause analysis and propose effective solutions.
  • Assist in developing system and process solutions aligned with product strategy.
  • Execute product enhancement efforts including launch plans addressing compliance needs.
  • Perform analysis by utilizing data to update recommendations on products.
  • Develop training and marketing materials for new or enhanced products.

Benefits

  • Health Insurance coverage from the first day of employment for employees and eligible family members.
  • 401(k) contributions matched dollar-for-dollar up to the first 5% of eligible pay, along with a 100% funded Pension Plan.
  • Minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Access to wellness programs including mental health support and resources for caregiving needs.
  • Encouragement of community involvement through a Matching Gift and Volunteer Rewards program.
Full Job Description
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
$81,500.00 - $134,500.00

Target Openings
1

What Is the Opportunity?
Product Development teams play a critical role in the achievement of Travelers financial objectives (growth, profit & retention) for one or more insurance products through the development, implementation and monitoring of product strategies and corresponding actions. As a Sr Analyst, Product Development, you will assist and implement analysis and evaluation of existing market and new product opportunities that deliver product development and product enhancements to the marketplace. In this role you will implement existing and new product solutions including monitoring and evaluating product performance and action plans.What Will You Do?
  • Execute and enhance existing product strategies and actions by collaborating and communicating with business unit stakeholders and management to achieve financial objectives.
  • Conduct high level market, competitor, and consumer research analysis to identify and recommend new products, markets and services or enhance existing ones.
  • Identify potential opportunities through root cause analysis and propose solutions.
  • Understand and assist with developing and implementing system and process solutions that align with the product’s strategy.
  • Execute product enhancement work including launch and rollout plans related to established product strategies and action plans. Ensure strategies and plans address compliance needs and regulatory requirements.
  • Perform analysis by accessing and utilizing data to update recommendations on new or existing products. When appropriate, partner with data analytic teams to build support for recommendations.
  • Develop communication, training, and marketing materials in support of new or enhanced products and initiatives and may deliver training to stakeholders when appropriate.
  • Support the post implementation monitoring and measurement mechanisms for product strategies and initiatives in support of outlined success criteria.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Bachelor’s Degree.
  • Three years of product development experience preferably in the financial services industry.
  • General knowledge of underwriting, coverage, rules, compliance/regulatory environment, and insurance financials.
  • Ability to think strategically and use judgment to resolve issues as they arise.
  • Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
  • Excellent communication skills with the ability to consult and present information effectively.
  • Experience working on cross-functional teams.
  • Have strong innovation skills including thinking critically about multiple perspectives and approaches to solving problems.
  • Demonstrated ability to interact and across levels and organizations, including consensus and team building.

What is a Must Have?
  • Bachelor's Degree or equivalent combination of education and experience.
  • Two years of relevant experience with understanding and knowledge of insurance products.

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.

About The Travelers Companies, Inc

Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of their customers and anticipating their needs for the future. There is no stronger testament to their dedication to protecting customers from loss than their continued innovation and ability to transform their industry. In fact, from the first-ever auto and space travel policies and hybrid car discount, to the 2009 founding of The Travelers Institute for public policy, their history of advancements has propelled their company—and their industry—towards ever higher standards for customers. Travelers is a company that works hard at the science of what they do: they analyze information, process perspectives and measure results to create the best combination of products and services. They work equally hard at customer service and how they interact with the people whom they do business. Over the years, they've strived to earn their customer's loyalty by continually improving their abilities to listen and respond to their needs.

The Travelers Companies, Inc Careers

Join the vibrant team at The Travelers Companies, Inc, a leader in the insurance industry, and propel your career to new heights with a company known for its commitment to innovation, leadership, and professional growth.

Explore Job Opportunities and Growth

At The Travelers Companies, Inc, we offer a plethora of job opportunities that cater to a variety of skills and professional interests. Whether you're seeking a position in management, customer service, underwriting, or IT, we have a place for you. Our commitment to professional growth means we provide unparalleled career advancement tools and leadership training to help you climb the ladder of success.

Internship Programs: A Gateway to Employment

Kickstart your career with our dynamic internship programs. These opportunities are designed not just to teach, but to challenge and expand your understanding of the industry. Internships at Travelers are a perfect way to enhance your resume and gain valuable real-world experience, making you a competitive candidate for future employment.

Culture and Benefits

At The Travelers Companies, Inc, we pride ourselves on a culture that fosters diversity, networking, and innovation. Our team is our family, and we support each other's professional and personal growth. The benefits at Travelers are comprehensive, designed to meet the diverse needs of our employees, including health, wellness, and continuous education.

Hiring Process: What to Expect

Our hiring process is straightforward and transparent, designed to find passionate, curious, and solution-driven team players. From the initial application and resume submission to the interview, we ensure that every candidate is treated with respect and given a fair chance to demonstrate their capabilities.

Career Development and Training

We believe in nurturing talent and providing our team with the tools they need to succeed. Our career development programs include professional training, diversity training, and skills enhancement workshops. These resources are tailored to foster innovation and empower our employees with the latest industry knowledge and best practices.

Join Our Team

Are you ready to explore the exciting career opportunities at The Travelers Companies, Inc? Search open positions that match your skills and interests. We are always looking for individuals who are driven to innovate and lead.

Stay Connected

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Explore Careers at The Travelers Companies, Inc

Embark on a journey of growth, opportunity, and excellence. At The Travelers Companies, Inc, your career is just beginning. Join us and make a difference in a company that values leadership, diversity, and forward-thinking.
Learn more about The Travelers Companies, Inc
Size
30,800 employees
Market Cap
$44.1 billion
Industry
Net Income
$2.6 billion
Founded
1853
5 Year Trend
+4.7%
Revenue
$32 billion
NASDAQ

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