Director, Product Development, Auto

Jobright.ai; Connecticut; On-site; USD 160,000 - 225,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Job summary

Jobright.ai seeks a Director of Product Development in Auto to lead the development and management of innovative insurance products. The successful candidate will oversee market research, compliance, and guide a team towards achieving financial objectives. With a background in the financial services industry, the ideal candidate will demonstrate leadership and expertise in product strategy, ensuring alignment with business goals. This full-time role offers competitive compensation and the chance to make a significant impact in an established organization.

Qualifications

• Six years of product development experience preferably in the financial services industry.
• Insurance experience with an expert understanding of products and regulatory environment.
• Excellent communication and presentation skills.

Responsibilities

• Lead product development and management of insurance products.
• Oversee market research and compliance with regulatory requirements.
• Collaborate with stakeholders to develop and enhance product strategies.

Skills

Communication

Analytical Skills

Leadership

Innovation Skills

Education

Bachelor's Degree or equivalent

Job description

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Job Summary:

Travelers is a leading property casualty insurer with a commitment to innovation and collaboration. The Director of Product Development will lead the development and management of insurance products, oversee market research, and ensure compliance with regulatory requirements while guiding a team to achieve financial objectives.

Responsibilities:

• 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.

Qualifications:

Required:

• 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/opportunities, recommend changes, and translate into business impacts.

• Excellent storyteller for relaying information, interacting, and influencing all levels of the organization.

• Demonstrated leadership skills with the ability to manage change, develop employees, and align resources to accomplish key objectives.

• Bachelor's Degree or equivalent combination of education and experience.

• Four years of relevant experience with insurance products, underwriting, coverage, rules, compliance/regulatory environment, and/or insurance financials.

Company:

Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. Founded in 1853, the company is headquartered in New York, New York, USA, with a team of 10001+ employees. The company is currently Public Company. Travelers has a track record of offering H1B sponsorships.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Product Management

• Industries

  Software Development

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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