Product Management Development Program (PMDP) Intern

The Travelers Indemnity Company; Hartford (CT); On-site; USD 36,000 - 39,000; Full time

Job summary

The Travelers Indemnity Company invites motivated students to join its Product Management Development Program (PMDP) Intern in Hartford, CT, supporting Personal Insurance or Select Small Commercial. Housing options may be available for interns based in Hartford.

You will gain hands-on exposure to capstone projects, pricing impact, market analysis, and product coverage enhancements in a fast-paced environment. Applicants should be authorized to work in the U.S.

Qualifications

• Pursuing a Bachelor’s degree or equivalent.
• GPA 3.0+ preferred.
• Experience with Microsoft Excel.

Responsibilities

• Work on a group capstone project and present to senior management.
• Quantify the impact of pricing and underwriting decisions.
• Analyze the marketplace through competitor and industry data.
• Participate in pricing negotiations with various distribution channels.

Skills

Analytical thinking

Education

Bachelor’s degree (pursuing)

Tools

Microsoft Excel

Job description

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.

Compensation Overview

The hourly 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 hourly rate 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

$26.00 - $28.00

Target Openings

24

What Is the Opportunity?

Applicants must be authorized to work for any employer in the U.S. now and in the future. The company does not sponsor/support H-1B petitions, TN, or Forms I-983/STEM OPT, for this role. As a Product Management Development Program (PMDP) Intern, you will play an integral role in the Product Management organization of Travelers’ Personal Insurance or Select Small Commercial. Our Product Management area is the fastest growing section of Travelers and provides interns with the opportunity to participate in a wide variety of fast-paced projects and training.

Housing: The Internship program is based in Hartford, CT. Subsidized apartments are available for students who live beyond a commutable distance from Hartford, CT. Positions are available early June through the end of the summer.

What Will You Do?

• PMDP internships are designed to be challenging and developmental. Interns are given the opportunity to work on a wide variety of projects during the course of the summer. Some examples of these projects include:
• A group capstone project, which is a summer-long project that culminates with a final presentation to senior management and other members of our Personal Insurance and Select Small Commercial businesses.
• Quantifying the impact of pricing and underwriting decisions.
• Analyzing the marketplace first-hand through competitor and industry data.
• Participating in the negotiation of pricing decisions with various distribution channels, including conversations with sales/agencies in the field.
• Researching and analyzing industry trends, competitor activity and regulatory changes.
• Developing and implementing underwriting guidelines and product coverage enhancements.
• Collaborating with Finance, Actuarial, Field Sales, Research and Development, Risk Management, Claim, and other areas of the Product Management Organization.
• Participating in introductions of new products and enhancements to multi-site territories.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• A cumulative GPA of 3.0 or greater is preferred.
• Pursuing a Bachelor’s degree; Suggested majors include, but are not limited to: Finance, Economics, Mathematics, Actuarial Science, Risk Management and Insurance or other analytics or business related field.
• Experience with Microsoft Excel.

What is a Must Have?

• Pursuing or obtained a Bachelor’s degree.

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/.