Senior Analyst - Product Development

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 170 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.

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

$83,500.00 - $137,800.001Product 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.

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.