VP, Product Manager II, Small Commercial - Select Region Lead

$172,200 - $275,500/Yr

Travelers - Boston, MA

Full-time - Senior

Boston, MA

Insurance Carriers and Related Activities

About the position

As a VP, Product Manager II for Small Commercial at Travelers, you will be responsible for overseeing the profit and loss of multiple large and complex states, product lines, or business units. This role involves engaging in strategic product management, collaborating with various stakeholders, and driving financial performance and growth initiatives. You will lead product management teams, analyze market trends, and communicate strategies effectively to senior leadership.

Responsibilities

• Serve as a key leader in the formulation and execution of Product strategies that drive financial performance and growth for assigned states, product lines or business units.
• Lead development of state, line or business unit strategies within the Product Management organization that align with Small Commercial strategy while adjusting as needed for geographic / business dynamics.
• Lead Product Management teams and partner with key stakeholders to understand market trends and drive strategies that address business challenges, meet profitability goals and enhance business outcomes.
• Drive the ongoing development of Small Commercial Product Management capabilities, including product insight, talent development, and enhancement of a culture aimed at rewarding innovative behaviors that influence regional and overall business execution.
• Demonstrate strong and effective communication of Product strategies, financial results and impact of strategies to Product team, key stakeholders and senior leadership.
• Lead others to develop strong working relationships with business partners including Underwriting, Finance, Sales, Actuarial and Business Analytics.
• Perform other duties as assigned.

Requirements

• Master's degree preferred.
• Eight years of product management experience, with experience in senior-level general management and an in-depth knowledge of two or more commercial 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.
• Combines quantitative analysis with local market insight.
• Recognizes the broader impact of recommendations across business lines.
• Bachelors degree or equivalent combination of education and experience.
• Six years of product management, data analytics or similar experience.
• Two years Profit/Loss management experience.
• Four years managing others.

Benefits

• Health Insurance: Employees and their eligible family members 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.
• 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 provides tools, discounts, and resources to achieve wellness goals and caregiving needs, including access to free professional counseling services.
• Volunteer Encouragement: Travelers encourages employees to get involved in their communities with a Matching Gift and Volunteer Rewards program.