I'm looking for Product Development Manager roles in Hartford, CT, preferably in the insurance industry, requiring at least a Bachelor's Degree and 4+ years of experience. I also want positions that offer 401(k) benefits.

Got it! I've searched for Product Development Manager roles in Hartford, CT, within the insurance industry, requiring a Bachelor's degree and at least 4 years of experience. Additionally, I filtered for positions that offer 401(k) benefits. I've found 27 positions that match your criteria.

Product Development Manager

Hartford, CT

Insurance

Bachelor

4 years + Experience

401(k)

Can you help me to analyze the job description and company culture?

Sure. Here's the analysis:

Job Analysis:

As the Manager of Product Development for BI Property at Travelers, the core purpose of the role revolves around driving financial success through the strategic development and enhancement of insurance products. The candidate will be responsible for conducting in-depth market analysis, identifying customer needs, and designing products that align with the evolving insurance landscape. This includes not only developing new products but also enhancing existing offerings based on rigorous performance evaluation and stakeholder feedback. Key responsibilities highlight the necessity for cross-functional collaboration, indicating that the candidate will frequently liaise with various teams—such as Product Management, Marketing, and Customer Experience—to ensure cohesive product strategies. Success in this role demands both analytical prowess and strategic thinking, as one will need to navigate complex insurance regulations and market trends while satisfying internal and external stakeholder expectations. Metrics for evaluation could encompass product adoption rates, profitability, and customer satisfaction, setting a clear path for measuring success in the position.

Company Analysis:

Travelers operates within the property casualty insurance industry, enjoying a strong reputation and a significant market position as a leading provider. With over 170 years of experience, the company's longstanding commitment to innovation and customer care positions it as a thought leader in the sector. Culturally, Travelers appears to emphasize collaboration and continuous improvement, which stems from its mission of taking care of customers and communities. For someone in the role of Product Development Manager, this culture suggests a dynamic and support-driven environment where strategic thinking and innovation are highly valued. Within the organizational structure, this role likely interfaces with various levels of management, providing opportunities for visibility and influence across teams. The strategic alignment of this hire is significant; as the company aims to further its financial objectives, the successful management of product development will play a pivotal role in scaling operations and adapting to market changes. Additionally, with a focus on compliance and regulatory requirements in insurance, candidates should anticipate navigating these complexities effectively to contribute to Travelers’ reputable standing.

Mock up some interview questions based on the job description.

Absolutely. Here are some mock interview questions that could come up:

Tell me about a time when you had to lead a cross-functional team to execute a product launch. What challenges did you face?
Describe a situation where you identified an opportunity for product enhancement. What was your approach to implementing the change?
Can you provide an example of how you used market analysis to inform a product development decision?
What strategies have you employed in the past to foster collaboration and consensus among stakeholders on a product initiative?
How would you approach developing a go-to-market strategy for a new insurance product targeting a specific demographic?
What methodologies do you apply when conducting competitor analysis within the insurance market?
How do you prioritize product features when planning an enhancement, especially when faced with limited resources?
What insights can you provide on balancing compliance needs with innovative product development?
Imagine you are tasked with enhancing a current insurance product that is underperforming. Where would you start, and what steps would you take?
Why are you interested in working at Travelers specifically, and how do you see yourself contributing to our mission?
What excites you about working in the property casualty insurance sector, and how do you stay updated on industry trends?
What questions do you have about Travelers' approach to product development and its alignment with industry changes?

Job Details

Overview Company

Product Development Manager

$101.3k/y-$167k/y

Travelers

4 days ago

Highlight

HybridFull-time3+ yearsMid

Summary

Travelers is seeking a Manager, Product Development - BI Property to join their team in Hartford, CT. The role involves developing and implementing product strategies to achieve financial objectives in the insurance industry.

About the Role

As a Manager, Product Development, you will develop, execute, and enhance product strategies, collaborate with stakeholders, lead market research, and design system solutions. You will also manage product enhancements, ensure compliance, and develop training materials.

About You

Required:

Bachelor's Degree or equivalent combination of education and experience.
Three years of relevant experience with understanding and knowledge of products, underwriting, coverage, rules, compliance/regulatory environment, and insurance financials.

Preferred:

Four years of product development experience preferably in the financial services industry.
Insurance experience with understanding of products, underwriting, coverage, rules, forms, regulatory environment, risk management, pricing/filing processes and insurance financials.
Ability to think strategically and use judgment to resolve issues as they arise.
Excellent analytical skills with the ability to evaluate and understand current data and systems.
Strong innovation skills including thinking critically about multiple perspectives and approaches to solving problems.
Excellent communication and presentation skills with the ability to interact and influence management.
Coach and lead cross functional team(s) on growth strategies, products, and objectives.

Benefits

Health Insurance: Employees and their eligible family members are eligible for coverage from the first day of employment.
Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay.
Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
Wellness Program: Includes tools, discounts, and resources to achieve wellness goals and caregiving needs.
Volunteer Encouragement: Matching Gift and Volunteer Rewards program.

Travelers

Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 170 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other.

Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers.

Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount.

By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.

Please see our Social Media Guidelines: www.travelers.com/about-travelers/social-media/guidelines.

Hartford, CT