Product Development Manager, GL, Umbrella and Professional
1 week ago
We are seeking a highly skilled Product Development Manager to join our team at 020 Travelers Indemnity Co. As a Product Development Manager, you will play a critical role in the achievement of our financial objectives for one or more insurance products.
Key Responsibilities- Develop, execute, and enhance product strategies and actions to achieve financial objectives.
- Collaborate and influence strategies and associated action plans with key stakeholders and related initiatives.
- Lead detailed market, competitor, and consumer research analysis to identify and recommend new products, markets, and services or enhance existing ones.
- Identify opportunities for existing and future products through root-cause analysis and recommend solutions while ensuring key stakeholders are aligned on the strategy.
- Design, develop, and implement system and process solutions that align with the product's strategy.
- Actively collaborate with stakeholders and other entities and vendors to identify and test new products or markets or enhance existing ones and develop strategic partnership opportunities.
- Independently analyze and drive recommendations for new or existing products by accessing and utilizing data to update.
- Lead 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.
- Develop communication, training, and marketing materials in support of new or enhanced products and initiatives.
- Outline post-implementation monitoring and measurement mechanisms for product strategies and initiatives in support of outlined success criteria.
- Bachelor's Degree.
- Four years of product development experience, preferably in the financial services industry.
- Insurance experience with an understanding of products, underwriting, coverage, rules, forms, regulatory environment, risk management, pricing/filing processes, and insurance financials.
- Ability to think strategically and use judgment to resolve issues as they arise.
- Deep understanding of our 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.
- Strong innovation skills, including thinking critically about multiple perspectives and approaches to solving problems.
- Excellent communication and presentation skills with the ability to interact and influence management.
- Coach and lead cross-functional teams on growth strategies, products, and objectives.
- Demonstrated ability to interact and influence across levels and organizations, including consensus and team building.
- Health Insurance: Employees and their eligible family members are eligible for coverage from the first day of employment.
- Retirement: We match your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum.
- Paid Time Off: Start your career with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: Our wellness program is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.
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