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Hybrid Director, Product Development – General Liability, Professional and Umbrella
Posted yesterday
About the role
- Director of Product Development at Travelers leading product strategies and enhancements in the insurance sector. Focused on driving financial objectives through product management and team leadership.
Responsibilities
- Lead the development, execution and enhancement of product strategies and actions including business scope, go-to-market strategies, and agile methodologies by influencing key stakeholders to achieve financial objectives.
- Influence and communicate strategies and associated action plans with key stakeholders and related initiatives to gain consensus for recommendations.
- Oversee and execute market, competitor, and consumer research analysis to identify and recommend new products, markets and services or enhance existing ones.
- Proactively develop solutions to product challenges and gain buy-in from key stakeholders to adopt recommendations.
- Manage the design, development, and implementation of system and process solutions that align with the product’s strategy.
- Identify and test new products, markets or partnership opportunities or enhance existing ones by collaborating with stakeholders and other entities and vendors.
- Lead and guide a team for product enhancement work including launch and rollout plans related to product strategies and action plans.
- Ensure strategies and plans address compliance needs and regulatory requirements.
- Oversee development of communication, training, and marketing materials in support of new or enhanced products and initiatives.
- Manage monitoring and measurement mechanisms for product strategies and initiatives in support of outlined strategic success criteria and present findings and recommendations to leadership.
- Perform other duties as assigned.
Requirements
- Bachelor's Degree.
- Six years of product development experience preferably in the financial services industry.
- One year people management experience.
- Insurance experience with expert understanding of products, underwriting, coverage, rules, forms, regulatory environment, risk management, pricing/filing processes and insurance financials.
- Able to interpret business specific translations and solutions.
- Proven innovation skills including thinking critically about multiple perspectives and approaches to solving problems.
- Has deep understanding of Travelers' business strategy and plan objectives to align with enterprise goals.
- Excellent analytical skills with the ability to evaluate and understand current data and systems, find deficiencies/opportunities, recommend changes, and translate into business impacts.
- Excellent storyteller for relaying information, interacting, and influencing all levels of the organization.
- Demonstrated leadership skills with the ability to manage change, develop employees, and align resources to accomplish key objectives.
Benefits
- 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.
- 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.
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