Manages a product line management team to direct the analysis process to support LOB strategies. Leads a team to formulate recommendations based on analysis and interpretation of rates, data, and trends. Manage the analysis to inform markets of opportunities and trends impacting the Line of Business at a BI level improvement to procedures/workflow between key business partners. Analyzes, evaluates, and develop conclusions for Business Insurance products across multiple states. Manages implementation of improvements to workflow practices/report ordering across BI that reduce redundancy and establish consistency. Creates and maintains collaborative relationships with BI partners. Initiates strategies based on analysis of data with input from BI partners. Develops leadership qualities pertaining to the management of a countrywide line of business. Influences, collaborates and makes recommendations to product leaders and field partners on state strategies. Based on Travelers and industry information, formulates conclusions and makes strategic recommendations. Partners with Product Manager on development of pricing and growth strategies for assigned region/territory. Negotiates rate changes with various channels and formulate business review packages to document the rate changes. Trains, assimilates, and formally manages performance of team members. Presents findings of analysis and partners with leaders to provide strategic overviews to senior management on a routine basis. Other duties as assigned.
**Job Opening ID:**
Weekend work hours (Occasionally) Travel (Occasionally)
**Equal Employment Opportunity Statement:**
Travelers is an equal opportunity employer.
**Job Specific & Technical Skills & Competencies:**
Technical Knowledge/Critical Thinking: Able to extract and analyze competitive data. Team Orientation: Ability to interact with the field sales team, work with DOI and connections within the industry to gather competitive techniques. Planning and Project Management: Intermediate project management skills. Ability to work well in tight timeframes and deadlines. Strong organizational and time management skills. Communication Skills: Strong verbal and written communication skills. Knowledge: strong understanding of actuarial concepts such as loss development and trending. Global level of understanding while coaching others on competitive analysis tools, and how to extract and analyze data. Has command of profitability, risk loads and other ratemaking concepts. Solid knowledge of Excel, Access, and Word. Intermediate Leadership Skills, including ability to: Leverage Differences. Manage in participative manner. Develop employees. Manage change effectively. Inspire others and promote a vision. Understand and navigate organization.
Under General Supervision, this position partners with leadership to support the profit and loss in a particular product or LOB. Manages individuals who focus on analyzing competitor behaviors, marketplace dynamics, pricing segmentation, and line and segment level analysis. Partners with senior leaders to formulate and collaborate on Product or LOB strategies in conjunction with regulatory, actuarial, underwriting and Claim. Participates in line of business strategies at a countrywide level, while collaborating with markets. This position manages others.
**Education, Work Experience & Knowledge:**
Bachelors degree in business management, mathematics, management information, finance, actuarial science, economics or other analytics related field. Masters degree preferred. 4 years of data analytics 4 years experience working in financial services industry preferred General knowledge of Business Insurance products and systems. General knowledge of Product and Actuarial techniques.
Operates standard office equipment (Frequently) Sitting (can stand at will) (Frequently) Standing (Frequently)
Bachelors degree required. Two years of experience in data analytics required. Thorough Knowledge of Microsoft office products (Excel, Word, Powerpoint) required.
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Hartford - Connecticut - United States
We are committed to valuing the diversity that exists among our workforce, our business partners, our customers and our communities. With respect to our workforce, we are committed to not only increasing diversity in our hiring at all levels but also fostering an inclusive environment where all employees, regardless of race, color, religion, gender, gender identity, age, national origin, disability, veteran status, marital status, sexual orientation, genetic information or any other status or condition protected by law, can develop and thrive.
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.