Product Management Analyst (P&C Insurance)

Travelers; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading company in the insurance industry seeks a Product Management Analyst to support growth and profitability through data analysis. The role involves collaborating with various teams to propose fact-based solutions and recommendations. Ideal candidates will have a strong analytical background and a Bachelor's degree in a relevant field. Comprehensive benefits and a commitment to community involvement are part of the offering.

Benefits

Health Insurance

Retirement Contributions

Paid Time Off

Wellness Program

Volunteer Encouragement

Qualifications

• Two years of working experience in a mathematical, analytical or data related role.
• Experience with pricing and actuarial techniques.

Responsibilities

• Support data analysis of business results including product refreshes.
• Assist in formulating recommendations to drive growth & profitability.
• Present recommendations to assigned team.

Skills

Analytical

Strategic Thinking

Data Analysis

Education

Bachelor's Degree in Business Management

Bachelor's Degree in Mathematics

Bachelor's Degree in Finance

Bachelor's Degree in Actuarial Science

Bachelor's Degree in Economics

Tools

Competitive Analysis Tools

Job description

Who Are We?

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.

Job Category Data Analytics, Product Target Openings 1 What Is the Opportunity? Within the Product team at Travelers, you will have the opportunity to regularly engage in unique and intellectually stimulating business problems. As an Analyst, Product Management, you will support the management of growth and profitability for a province(s), product, or line of business. You will analyze business problems and propose fact-based solutions with consideration of internal and external trends to achieve business objectives. By collaborating with partners across the organization you will support the strategic direction and alignment for successful execution.What Will You Do?

• Support data analysis of business results including product refreshes, performance expectations and identifying root cause.
• Assist in the formulation and execution of potential recommendations to drive desired growth & profitability impacts based on established strategy with consideration for local regulatory nuances, and broader marketplace dynamics.
• Present and inform recommendations to assigned team including proposed product/pricing changes or new product builds.
• May function as a subject matter expert on assigned team projects.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree in Business Management/Administration, Mathematics, Finance, Actuarial Science, Economics, or other analytics related field.
• Two years of working experience in a mathematical, analytical or data related role.
• Experience with competitive analysis tools.
• Working knowledge of pricing and actuarial techniques and understanding of basic actuarial concepts such as loss development and trending.
• Understand basic ratemaking and its application, such as profitability, risk loads, etc.
• Build an understanding of business units, functional units, product, workflows, etc., and their impact on profit and lost.
• Ability to analyze data to interpret trends and provide insights to management.
• Ability to think strategically and use judgment to resolve issues as they arise.

What is a Must Have?

• Bachelor's Degree or equivalent combination of education and experience.
• One year of professional work experience.

What Is in It for You?

• Health Insurance:Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
• Retirement:Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off:Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve 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.

We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email 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/ .