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Associate Crime Product Manager

Hartford, Connecticut

Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

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

$95,400.00 - $157,500.00

Target Openings

1

What Is the Opportunity?

Provide product management support in all aspects of the Crime & Kidnap & Ransom product lines within Travelers Bond & Specialty Insurance. Support the development and communication of product line strategies, support Business Units in achieving budgeted financial results and increase market penetration.

Travelers offers a hybrid work location model that is designed to support flexibility.

What Will You Do?

  • Provide strategy support to the group of Product Managers responsible for the Management Liability products.
  • Under the guidance of the Crime & Kidnap & Ransom Product Management Lead support strategies targeted to increase profitable growth through new business production, improvement in loss results, workflow improvement and other strategic priorities. 
  • Research and develop creative strategies to grow the business in profitable segments including new coverage offerings and product enhancements.   
  • Collaborate with Field, Underwriting, Claim, Actuarial, Legal, Regulatory, R&D and Product Development to maintain the highest standards of product profitability, marketability, and regulatory compliance.
  • Identify profitable growth opportunities through analysis of results and segmentation of the business.
  • Work with Business Performance Analytics team to use data queries to provide insight into business performance and opportunities for improvement.
  • Generate and update underwriting and guideline materials and support product communications.
  • Undertake research to support various strategic priorities and develop recommendations for Product Managers.
  • Expand market intelligence regarding competitor product offerings, rates and appetite.
  • Support Product Managers to develop and lead digital product offering, using results data and tools to monitor and manage.
  • Support the training and deployment of automation/FLT.
  • Support Product Management strategic initiatives in conjunction with Business Insurance to develop solutions for customers who want to purchase P&C and BSI products.
  • Lead change, diversity and inclusion across the business.

Technical:

  • Support Product Managers to develop and amend existing products, applications, and endorsements along with associated underwriting strategy and business rules.  
  • Support the creation and maintenance of all product-related content to ensure that materials are clear, consistent, concise, organized and delivered in a relatable manner.
  • Support development of higher standards for all Portfolio Management presentations and PPTs.
  • Provide support and direction to underwriters in their decision making relative to specific accounts. 
  • Leverage data and analytics to make recommendations and strategic decisions.

Marketing / Communication / Customer Service:

  • Support media opportunities including press releases, articles/white papers and interview requests.  
  • Proactively develop and amend marketing materials, risk management services, and continuing education classes.  
  • Participate in producer and industry functions as a Travelers, and industry, expert in the product line.

What is a Must Have?

  • Minimum of 5 years of equivalent work and/or industry experience.

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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five free counseling sessions with a licensed therapist.
  • 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.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 


If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.


Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.


About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.