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.

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.

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.