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Market Director BI Product - GL UMB PROF

Employer
Travelers Insurance
Location
Hartford, Connecticut
Salary
Not Specified
Closing date
Aug 31, 2019

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Job Details

Company Information
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.

Job Summary
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.

Primary Job Duties & Responsibilities
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.

Minimum Qualifications
Bachelors degree required. Two years of experience in data analytics required. Thorough Knowledge of Microsoft office products (Excel, Word, Powerpoint) required.

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.

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.

Environmental/Work Schedules/Other
Weekend work hours (Occasionally) Travel (Occasionally)

Physical Requirements
Operates standard office equipment (Frequently) Sitting (can stand at will) (Frequently) Standing (Frequently)

Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
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WHO WE ARE

Imagine a Career With Purpose.

For more than 160 years Travelers has earned a reputation as a leader in personal, business and specialty insurance because we take care of our customers. When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger.


LIFE AT TRAVELERS

Imagine Playing a Role in Something Bigger.

A career at Travelers means being part of a team comprised of 30,000 + talented and passionate people that’s evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.


JOIN OUR TALENT COMMUNITY
As a part of our Talent Community, you will receive customized job alerts, be the first to know about opportunities to work at Travelers, and stay connected with our recruiters!

 

 

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