Product Management Development Program (PMDP) Intern

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

Job summary

Travelers is offering a Product Management Development Program (PMDP) Internship in Hartford, CT. You will join the Product Management organization within Personal Insurance or Select Small Commercial, contributing to fast-paced projects and training while developing fundamentals in pricing, underwriting and market analysis.

Housing is available and subsidized for students living beyond a commutable distance.

Qualifications

• GPA of 3.0 or greater preferred.
• Pursuing a Bachelor’s degree.
• Majors include Finance, Economics, Mathematics, Actuarial Science, Risk Management and Insurance or other analytics or business fields.
• Experience with Microsoft Excel.

Responsibilities

• A group capstone project culminating in a final presentation to senior management.
• Quantifying the impact of pricing and underwriting decisions.
• Analyzing the marketplace first-hand through competitor and industry data.
• Participating in negotiations of pricing decisions with distribution channels.
• 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.
• Participating in introductions of new products and enhancements to multi-site territories.
• Perform other duties as assigned.

Education

Bachelor's degree in analytics or business

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.

Job Category Product 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?

• 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/.

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