The Travelers Companies, Inc

VP, Product Manager II - Personal Insurance New England Region

The Travelers Companies, Inc • $177K — $293K *
Hartford, CT 06106In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Eight years of product management experience, preferably with personal product lines.
  • Deep understanding of pricing and actuarial within property and casualty (P&C) insurance.
  • Proven leadership capabilities to build and motivate high-performing teams.
  • Ability to merge quantitative analysis with local market insights.
  • Strong problem-solving and conflict management skills, with effective communication abilities.

Responsibilities

  • Lead a team in analyzing trends and making underwriting recommendations to achieve profitability.
  • Collaborate with Distribution Partners to create and implement state-level growth strategies.
  • Oversee execution of product management initiatives across multiple regions.
  • Coordinate rate revision schedules with systems and field organizations.
  • Make data-driven decisions informed by market conditions and competitive analysis.
  • Negotiate rate changes and document strategies effectively for senior management.
  • Build relationships with state regulators and participate in relevant industry groups.

Benefits

  • Health insurance coverage for employees and eligible family members starting on day one.
  • 401(k) matching contributions and a fully funded Pension Plan.
  • Minimum of 20 days Paid Time Off annually, plus paid company holidays.
  • Access to wellness resources and mental health programs.
  • Encouragement to participate in community service with volunteer rewards and matching gift programs.
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
$177,900.00 - $293,600.00

Target Openings

1

What Is the Opportunity?

As a VP, Product Manager II, you will partner with Distribution Partners, Operations, & Claim leadership - plus all other relevant business unit functional areas - to manage the overall profitability and growth of automobile and property products for the states within your assigned region. You will collaborate with business partners to formulate, develop and execute local and countrywide line of business strategies to be implemented at a regional level. You will also play a critical role in the ongoing development of Product Management capabilities, including product insight, talent development, and enhancement of a culture aimed at rewarding innovative behaviors that influence regional execution. You will lead discussions with the senior leadership regarding health of your region and near / long term planning.What Will You Do?
  • Lead a technical product management team to direct the analysis process and make trend selections and rate and underwriting recommendations to meet profitability goals.
  • Collaborate with Distribution Partners to develop state profit and growth strategies, including product positioning and marketing.
  • Execute and lead countrywide product management initiatives at a regional level.
  • Develop the rate revision schedule with the systems integration team and field organization.
  • Make fact based strategic decisions based on a knowledge of the market, which includes competitors, regulatory and legal environment, claims handling trend, and distribution channel/agent relationships.
  • Negotiate rate changes with various channels and formulate business review packages to document the rate changes.
  • Partner with Personal Insurance internal regulatory/filing unit to respond to the department of insurance for rate filings and market conduct exams and serves as a consultant on consumer complaints and other interactions.
  • Accountable for implementation of standing orders, Countrywide and Underwriting, and pricing guidance.
  • Actively manage and address media inquiries related to local market actions.
  • Lead a team, in conjunction with functional partners, to complete financial analysis of territory results and impact on strategy for assigned region; present results to senior management.
  • Partner with Distribution partners to build expertise on regional strategies. Develop a comprehensive understanding of competitors and alternative markets within assigned region.
  • Build and maintain relationships with state regulators by attending regulatory meetings (i.e., IRES, and SERA), insurance department visits, and participation in industry group meetings.
  • Attract, develop, motivate and retain critical talent.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Eight years of product management experience, with experience in senior-level general management and an in-depth knowledge of two or more personal product lines.
  • Comprehensive P&C industry knowledge with deep knowledge of pricing and actuarial.
  • Ability to lead leaders and build, motivate, and develop team members.
  • Demonstrated ability to combine quantitative analysis with local market insight.
  • Demonstrated ability to recognizes the broader impact of recommendations across business lines.
  • Other critical skills include problem solving, influencing with and without authority, conflict management, and communication.


What is a Must Have?
  • Bachelor's Degree or equivalent combination of education and experience.
  • Six years of product management or related experience.
  • Four years of experience in data analytics.
  • Two years of Profit/Loss management experience.
  • Four years of managing others.


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

Keep up to date with the latest news, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the rewarding opportunities that await at The Travelers Companies, Inc.

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
Finance & Insurance
Net Income
$2.6 billion
Founded
1853
5 Year Trend
+4.7%
Revenue
$32 billion
NASDAQ
TRV
* Ladders Estimates

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