Director Product- BI BCO

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POST DATE 11/13/2019
END DATE 11/24/2019

Travelers Insurance Hartford, CT

Hartford, CT
AJE Ref #
Job Classification
Full Time
Job Type
Company Ref #
Mid-Career (2 - 15 years)
Bachelors Degree


Company InformationSolid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.Job SummarySupports the strategic and operations functions for Business Insurance. Supports the overall profitability, growth and retention of the product line or industry and consistency of all related underwriting initiatives.Primary Job Duties & ResponsibilitiesConduct research and analyzes the pros and cons of a new product offering to support Business Insurance. May gather data on corporate exposure, claim analysis, actuarial data, etc to support a corporate position. Works collaboratively with business units to support product line strategy in the business and/or Business Insurance. Recommends underwriting policies and standards which support the development of assigned product and services such as researching and identifying target business, competitor information, industry and economic factors across Business Insurance. Works closely with actuarial staff to assure that forms and filings are supportive of the product and the organization. May collect and analyze claim data to determine if claim initiatives are aligned with product line strategy. Monitor product results (i.e., line profitability analysis, quarterly loss trends, utilization/productivity, etc.) and make recommendations for corrective action as necessary. May prepare finding and analyze data in support of the company's position on the assigned product to respond to requests from regulators or state/national agencies. Will provide guidance to field staff on product specific issues.Minimum QualificationsBachelor'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.Education, Work Experience & Knowledge6 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.Job Specific & Technical Skills & CompetenciesLeading 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 countrywide product strategies, underwriting strategies, and inter-relationships with coverage. Advanced critical thinking and analysis skills to understand countrywide specific results, countrywide underwriting results, and competitor actions in order to recommend countrywide specific actions. Advanced ability to assess countrywide specific underwriting and financial results. Actively invests in improving own capabilities.Licensing or CertificatesPreferred: matriculation in CPCU, IIA, or other recognized insurance designations (examples: ARM, CIC) Preferred Job Specific Technical Skills and CompetenciesEqual Employment Opportunity StatementTravelers is an equal opportunity employer.