Travelers - Hartford, CT

posted 5 months ago

Full-time - Mid Level
Hartford, CT
Insurance Carriers and Related Activities

About the position

As a Senior Analyst in Product Management at Travelers, you will play a pivotal role in managing the growth and profitability of specific states, products, or lines of business. This position offers a unique opportunity to engage with intellectually stimulating business challenges, where you will analyze complex business problems and propose data-driven solutions that align with both internal and external trends. Your work will directly contribute to achieving the company's business objectives by ensuring strategic direction and alignment through collaboration with various partners across the organization. In this role, you will independently conduct thorough data analysis of business results, which includes evaluating product refreshes, performance expectations, and identifying root causes of issues. You will be responsible for formulating and executing recommendations aimed at driving growth and profitability, taking into account local regulatory nuances and broader marketplace dynamics. Your ability to present, inform, and influence recommendations to business partners will be crucial, especially when proposing product or pricing changes or developing new products. Additionally, you may serve as a subject matter expert in strategic initiatives that support the broader organizational goals. This position may also involve coaching and mentoring team members on specific projects, further enhancing your leadership skills and contributing to the development of your colleagues. Overall, this role is designed for a strategic thinker who can leverage sound judgment to resolve issues and drive impactful business results.

Responsibilities

  • Independently conduct and understand data analysis of business results including product refreshes, performance expectations and identifying root cause.
  • Formulate and execute potential recommendations to drive desired growth & profitability impacts based on established strategy with consideration for local regulatory nuances, and broader marketplace dynamics.
  • Present, inform and influence recommendations to business partners including proposed product/pricing changes or new product builds.
  • May function as a subject matter expert in strategic initiatives to support the goals and objectives of the broader organization.
  • May coach and mentor on specific projects.
  • Perform other duties as assigned.

Requirements

  • Bachelor's degree in Business Management/Administration, Mathematics, Finance, Actuarial Science, Economics, or other analytics related field.
  • Three years' experience working in a mathematical, analytical, or data related role preferably in the financial services industry.
  • Experience with competitive analysis tools.
  • Strategic thinker with the ability to use sound judgment to resolve issues as they arise.
  • Excellent communication skills with the ability to consult and present information effectively.
  • Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
  • Knowledge of pricing and actuarial techniques and understanding of actuarial concepts such as loss development and trending.
  • Understand ratemaking and its application, such as profitability, risk loads, etc.
  • Understand the workflow and terminology of insurance products and processes and their impact on profit and loss.

Nice-to-haves

  • Experience in the financial services industry.
  • Familiarity with insurance products and processes.
  • Advanced analytical skills and proficiency in data analysis tools.

Benefits

  • Health Insurance for employees and eligible family members from the first day of employment.
  • 401(k) matching contributions dollar-for-dollar up to the first 5% of eligible pay, subject to an annual maximum.
  • Pension Plan that is 100% funded by Travelers.
  • Minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Wellness Program with tools, discounts, and resources for wellness goals and caregiving needs.
  • Access to free professional counseling services and health coaching through the mental health program.
  • Matching Gift and Volunteer Rewards program to encourage community involvement.
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