Travelers Director Product Solutions B&SI Management Liability in St. Paul, Minnesota
Director Product Solutions B&SI Management Liability
Primary Job Duties & Responsibilities:
Position Summary At-A-Glance:
· Insurance product development support for the business strategic initiatives of the Travelers Bond & Specialty Insurance (B&SI) division, with emphasis on Management Liability products
· Within B&SI, business unit groups served range from non-profit, private, publicly-traded, and financial institutions to professional service firms
· Breath of insurance products range from Management Liability, Professional Liability, to Crime and Fidelity
· Excellent communication skills, both oral and writing, that translate into sound policy form drafting, business issue resolution, and product training
- Strong analytical and critical thinking skills that serve in problem solving and business issue resolution
· Strong organization and prioritization skills that serve to establish sound project plans and help with executing product or project management tasks
· Strong interpersonal, leadership, and project management skills that translate into strong teamwork and consultative service to drive effective business results
Primary Duties & Responsibilities:
In this role you will be expected to effectively and successfully perform the following duties:
Lead and collaborate with Business Unit customers and other partnering groups (e.g., Claims, Legal, Regulatory, etc.) to manage projects and initiatives to successful completion.
Manage and promote product consistency, integrity, and quality, with a customer-focus.
Develop, maintain, consult, and train on insurance products.
Convert strong writing skills into sound form drafting, incorporating comprehensino of coverage concepts and policy contract framework.
Apply strong analytical and critical thinking skills that foster creative solutions for insurance coverage issues or improving departmental processes.
Breakdown and articulate complex business and insurance coverage concepts.
Identify and educate business customers on internal and external product and compliance trends, opportunities, and emerging issues.
Job Opening ID:
Equal Employment Opportunity Statement:
Travelers is an equal opportunity employer.
Job Specific & Technical Skills & Competencies:
Leading the Business: Advanced leadership, innovation and initiating skills. Results driven. Customer-focused orientation (agent and consumer). Demonstrates advanced understanding of Management Liability. 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 state product strategies, underwriting strategies, and inter-relationships with coverage. Advanced critical thinking and analysis skills to understand state specific results, state underwriting results, and competitor actions in order to recommend state specific actions. Advanced ability to assess state specific underwriting and financial results. Actively invests in improving own capabilities.
In this role you will support strategic objectives and operations for B&SI, including product development, compliance, and wide range of policy form-related project management initiatives across Management Liability (e.g., Directors & Officers, Employment Practices, etc.), Professional Liability (e.g., Accountants, Lawyers, etc.) and Crime, Fidelity, or other first party expense coverage (e.g., Cyber, Kidnap Ransom, etc.) products for Financial Institution, Private & Non-Profit, Professional, and Public Company business units.
5+ years of established work experience, preferably in insurance underwriting or equivalent experience
General computer working skills (Word, Excel, PowerPoint)
Excellent oral and written communication and presentation skills
Strong analytical, critical thinking, and problem solving skills
Strong interpersonal and leadership skills to collaborate effectively as a team and business partner
Strong initiative and organization skills to manage workload to meet deadlines and achieve superior delivery and quality results
Ability to leverage internal business resources to resolve and arrive at more thoughtful outcomes
Ability to effectively manage and adapt to multiple projects, customer demands, and changing priorities while balancing competing priorities and deadlines
Knowledge of state insurance regulatory environment
Education, Work Experience & Knowledge:
College degree or higher level of education
Insurance underwriting, claims, legal, regulatory, or other relevant experience
Preference for experience working with Management liability insurance products
Bachelor'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.
Solid 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.
St. Paul - Minnesota - United States
We are committed to valuing the diversity that exists among our workforce, our business partners, our customers and our communities. With respect to our workforce, we are committed to not only increasing diversity in our hiring at all levels but also fostering an inclusive environment where all employees, regardless of race, color, religion, gender, gender identity, age, national origin, disability, veteran status, marital status, sexual orientation, genetic information or any other status or condition protected by law, can develop and thrive.
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