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 CategoryProductCompensation OverviewThe 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$172,200.00 - $275,500.00Target Openings1What Is the Opportunity?Within the Product team at Travelers, you will have the opportunity to regularly engage in unique and intellectually stimulating business problems. As a VP, Product Manager II, Small Commercial, you will be responsible for the profit and loss of multiple large & complex states, product lines, or business units including having oversight of competitor & market analyses, achieving financial results, and influencing business strategies. You will collaborate with Sales and Underwriting leadership in the formulation and execution of profitable growth initiatives for your assigned states(s), lines or Business Units.What Will You Do?
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.
What Will Our Ideal Candidate Have?
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.
What is a Must Have?
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.
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, 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.
Employment PracticesTravelers 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 (4-ESU@travelers.com) 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/ .