Director, Product Development - Auto

Director, Product Development - Auto – Travelers

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.

The annual base salary range for this position is $ – $. The actual salary will be determined by the scope, complexity, location, and qualifications of the candidate. Employees are also eligible for performance-based cash incentive awards.

$ – $

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In this role, you will support the Auto Product Strategy and lead the reimagination of the key elements that comprise an Auto product. This includes partnering across the organization to understand customer and distribution partner needs, the latest in segmentation and third‑party data, and the competitive landscape, to design the future of our Auto Insurance offering. Recommendations from the cross‑functional teams will be frequently discussed and reviewed with senior leadership, requiring executive presence, content creation and depth of knowledge.

Product Development teams play a critical role in achieving Travelers financial objectives (growth, profit & retention) through the development, implementation and monitoring of product strategies. As a Director, you will manage the analysis and evaluation of market and product opportunities that deliver product development and enhancements to the marketplace, lead the development and management of new and existing products, and may coach or oversee a team.

• 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.
• Excellent communication and presentation skills with the ability to interact and influence management.
• 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 or opportunities,…