What are the responsibilities and job description for the Product Director BI - Inland Marine position at The Travelers Companies, Inc.?
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.
Job Category
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
$88,900.00 - $146,700.00
Target Openings
What Is the Opportunity?
What Will You Do?
- In partnership with key functional areas, support product related efforts in relation to design, development, pricing, filing, RQI system installation, and implementation.
- Ensure compliance with governing laws, regulations and statutes.
- Develop and maintain effective relationships with internal resources (e.g. Underwriting, Actuarial, Legal, Risk Control, Claim, Operations, Shared Services, IT) to ensure delivery of all related services that support product development, installation and implementation.
- Ensure innovation, modularity, and simplicity in design to maximize product extensibility across BI.
- Lead and manage successful transition from design to implementation to optimize resource allocation, compliance, budget effectiveness and business risk.
- Provide support to the field for both routine and ad hoc requests relating to policy language, manuscript drafting, competitor form assessment, etc.
- Provide technical guidance, support and expertise ensuring effective product development and product maintenance.
- Work collaboratively with others on matters related to product, underwriting and compliance across Business Insurance, including, but not limited to: Business Units, Risk Control, Claim, Legal, Enterprise Underwriting, Actuarial, Audit, Shared Services, IT and Compliance.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- 6 years of Business Insurance experience.
- Business Insurance forms/product development, claims or legal experience.
- Thorough understanding of Business Insurance products, systems, contracts, forms, coverage, distribution channels, regulatory environment and insurance financials.
- Advanced knowledge of Microsoft Office Visio.
- Advanced knowledge of Impromptu or similar query tool.
- Ability to collect data from data marts or willingness and ability to develop these skills.
- Leading the Business:
- Advanced leadership, innovation and initiating skills.
- Results driven.
- Customer-focused orientation (agent and consumer).
- Demonstrates advanced understanding of Business Insurance.
- Leading Self:
- Advanced oral and written communication skills.
- Advanced organization and time management skills.
- Attention to detail.
- Advanced ability to comprehend and communicate intent of product strategies, underwriting strategies, and inter-relationships with coverage.
- Advanced critical thinking and analysis skills to understand underwriting results, and competitor actions in order to recommend industry or state specific actions.
- Advanced ability to assess underwriting and financial results.
- Actively invests in improving own capabilities.
- Preferred: matriculation in CPCU, SCLA, IIA, or other recognized insurance designations (examples: ARM, CIC)
What is a Must Have?
- Bachelor’s degree required.
- 4 years of insurance experience with working knowledge and experience in product, underwriting or coverage required.
- Intermediate knowledge of Microsoft office products (Excel, Word, PowerPoint) required.
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 believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
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/
.Salary : $88,900 - $146,700
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