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
Operations, Product
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$79,400.00 - $130,900.00
Target Openings
1
What Is the Opportunity?
Product Development teams play a critical role in the achievement of Travelers financial objectives (growth, profit & retention) for one or more insurance products through the development, implementation and monitoring of product strategies and corresponding actions. As a Sr Analyst, Product Development, you will assist and implement analysis and evaluation of existing market and new product opportunities that deliver product development and product enhancements to the marketplace. In this role you will implement existing and new product solutions including monitoring and evaluating product performance and action plans.
As of the date of this posting, Travelers anticipates that this posting will remain open until April 18, 2025.What Will You Do?
- Execute and enhance existing product strategies and actions by collaborating and communicating with business unit stakeholders and management to achieve financial objectives.
- Conduct high level market, competitor, and consumer research analysis to identify and recommend new products, markets and services or enhance existing ones.
- Identify potential opportunities through root cause analysis and propose solutions.
- Understand and assist with developing and implementing system and process solutions that align with the product’s strategy.
- Execute product enhancement work including launch and rollout plans related to established product strategies and action plans. Ensure strategies and plans address compliance needs and regulatory requirements.
- Perform analysis by accessing and utilizing data to update recommendations on new or existing products. When appropriate, partner with data analytic teams to build support for recommendations.
- Develop communication, training, and marketing materials in support of new or enhanced products and initiatives and may deliver training to stakeholders when appropriate.
- Support the post implementation monitoring and measurement mechanisms for product strategies and initiatives in support of outlined success criteria.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Bachelor’s Degree.
- Three years of product development experience preferably in the financial services industry.
- General knowledge of underwriting, coverage, rules, compliance/regulatory environment, and insurance financials.
- Ability to think strategically and use judgment to resolve issues as they arise.
- Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
- Excellent communication skills with the ability to consult and present information effectively.
- Experience working on cross-functional teams.
- Have strong innovation skills including thinking critically about multiple perspectives and approaches to solving problems.
- Demonstrated ability to interact and across levels and organizations, including consensus and team building.
What is a Must Have?
- Bachelor's Degree or equivalent combination of education and experience.
- Two years of relevant experience with understanding and knowledge of insurance products.
- 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, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- 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.
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.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
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/.
What We Do
Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 165 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other.
Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers.
Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount.
By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.
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