Product Management Development Program (PMDP) Pricing Analyst

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.

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

$63,800.00 - $105,400.0010Legally authorized to work in the United States now and in the future. Applicants must be authorized to work for ANY employer in the U.S. The company does not sponsor/support H-1B petitions, TN, or Forms I-983/STEM OPT, for this role. Innovative thinking, data driven problem solving, and strong collaboration skills, these are some of the defining qualities for participants of our Product Management Development Program (PMDP). Within the Product team at Travelers, you will have the opportunity to learn and engage in unique and intellectually stimulating business problems. This hands-on, one-year development program will prepare you for a career in Product Insurance pricing, development, and management while learning technical industry skills and real-world experience working with different product teams and leaders. During this rotational program, you'll experience facets of Product Management across areas of Personal Insurance and Business Insurance.

Applications for this posting will be reviewed on a rolling basis beginning in early September. We encourage you to apply as soon as possible.

What Will You Do?

• Participate in specialized training on insurance, actuarial, underwriting, and develop and enhance technical/data analysis skills working alongside members of our leadership teams, strengthening your abilities to think critically, creatively, and strategically.
• Support data analysis of business results including product refreshes, performance expectations and identifying root causes.
• Complete analyses with high level of accuracy, such as loss and production analyses, cross-market and cross-state projects, and competitive intelligence projects.
• Consult with Business Intelligence and Analytics teams on trends and pricing decisions. Review refined recommendations with State Teams on actions to take within particular states based on discussions.
• Collaborate with different teams across the enterprise, including Sales, Actuarial, Underwriting, supporting team efforts to drive product profitability and accomplish team objectives.
• Take the initiative on tasks with the ability to learn the P&C insurance industry, extract and analyze competitive data, and leverage technical/data analytic skills.
• Present, inform and with guidance make recommendations to assigned team including proposed product/pricing changes or new product builds.
• Leverage modern analytical and artificial intelligence (AI) tools/platforms, applying critical thinking to evaluate the limitations, quality, and accuracy of AI-assisted outputs.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Suggested degree majors include Finance, Economics, Mathematics, Actuarial Science, Risk Management and Insurance, Statistics or other analytical or business-related fields.
• Prior work or internship experience in mathematics, statistics, data analytics, or related areas.
• Intermediate to advanced proficiency with Microsoft Excel.

What is a Must Have?

• Bachelor’s degree.