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 170 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 Category
Product
Compensation Overview
The 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
$79,400.00 - $130,900.00
Target Openings
1
What Is the Opportunity?
The State Product Service (SPS) Team is accountable for identifying, developing and implementing state product initiatives to achieve Personal Insurance state and regional financial objectives. As a Sr Analyst, State Product Services, you will play a direct role in the identification, development and implementation of state product initiatives which include the execution and implementation of countrywide and/or state rate, rule, underwriting guideline changes, compliance initiatives and any corresponding system changes while ensuring each state is in compliance with state statutes, laws and regulations. In this role, you will perform state product services responsibilities leveraging your strong understanding of rate, quote, and issuance systems.
What Will You Do?
Develop and implement state product actions such as rates, rules, underwriting and other product changes or launches in response to state results and monitoring, and/or competitor actions for one or more assigned states.
Conduct state analysis, which could include competitor actions, claim trends, state underwriting results or interrelationships with pricing actions, for the design, development, and assessment of non-rate product changes, underwriting changes, system changes, and distribution channel management actions in support of achieving state financial objectives.
Develop recommendations, create, and conduct formal presentations.
Support required system implementation of state changes including communication, documentation, input to test plans and validation.
Develop communication and training materials as required to support product changes, non-rate product changes and state specific product positioning. May assist with delivery of training.
Provide strong support and consultation to PI business units for state specific issues.
Adhere to established workflow processes, controls, and best practices.
Ensure state products and business processes are in compliance with state laws and regulations.
Collaborate with compliance and legal experts to develop timely and accurate responses to Department of Insurance (DOI) filing inquiries, surveys, data calls, etc.
May participate on cross-functional projects.
Perform other duties as assigned.
What Will Our Ideal Candidate Have?
Three years of experience in underwriting, product development, claims or state product support experience, preferably in personal insurance product lines.
Completion of or matriculation in CPCU, IIA, ARM, CIC or other recognized insurance designations.
Strong knowledge and understanding of Personal Insurance products, underwriting, systems, coverage, distribution channels, compliance, regulatory environment, and insurance financials.
Knowledge of data query tools with the ability to collect data from data marts.
Excellent written and verbal communication skills.
Strong organizational and time management skills with the ability to handle shifting priorities.
Strong critical thinking and analysis skills to comprehend and communicate intent of state product strategies, underwriting strategies, and interrelationships with pricing and coverage.
What is a Must Have?
Bachelor's Degree or equivalent combination of education and experience.
Two years of relevant experience with understanding and knowledge of insurance products.
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 Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
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/ .
