Director, Product Development- Northfield E&S

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.

The annual base 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 salary 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.

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Product Development teams play a critical role in the development and achievement of Travelers financial objectives (growth, profit & retention) for one or more insurance products through the development, implementation and monitoring of product strategies and corresponding actions.

As a Dir, Product Development, Northfield Excess and Surplus Lines, you lead policy coverage form development for Northfield, Travelers’ non-admitted program written in all 50 states and DC.

You will have responsibility for crafting E&S coverage forms, rules and guidelines behind Northfield’s lines of business including General Liability, Property, Excess, and other misc. lines such as Inland Marine. Northfield’s policies sold through appointed wholesalers in the Binding and Brokerage Solutions channels. This position may coach, provide feedback and/or oversee a team.

• Lead coverage form development for Northfield E&S to achieve business objectives including growth, profit and retention objectives, influencing key stakeholders to gain consensus on recommendations.
• Own proprietary and manuscript coverage form and endorsements that support unique E&S terms and conditions, partnering with BI Product Development on drafting, PDCA review and other teams for North Link implementation.
• 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.

• Bachelor's Degree.
• Six years of product development experience, preferably in Excess and Surplus Lines or commercial insurance.
• One year people…