Product Management Development Program (PMDP) Pricing Analyst

Quick Facts

• Product Management Development Program (PMDP): one-year, hands-on rotational training program
• Salary range: $63,800.00 - $105,400.00
• Target openings: 10

Description

This program prepares participants for a career in Product Insurance pricing, development, and management while building technical industry skills through real-world work with different product teams and leaders. Participants engage in specialized training on insurance, actuarial, underwriting, and develop technical/data analysis skills.

What Will You Do?

• Participate in specialized training on insurance, actuarial, underwriting, and develop technical/data analysis skills alongside leadership teams
• Support data analysis of business results, including product refreshes and performance expectations, and identify root causes
• Complete analyses with high accuracy, including loss and production analyses, cross-market and cross-state projects, and competitive intelligence projects
• Consult with Business Intelligence and Analytics teams on trends and pricing decisions
• Review refined recommendations with State Teams on actions to take within particular states
• Collaborate across the enterprise (Sales, Actuarial, Underwriting) to drive product profitability
• Take initiative on tasks: learn the P&C insurance industry, extract and analyze competitive data, and apply technical/data analytic skills
• Present and recommend proposed product/pricing changes or new product builds
• Leverage modern analytical and artificial intelligence (AI) tools/platforms; evaluate limitations, quality, and accuracy of AI-assisted outputs
• Perform other duties as assigned

What Will Our Ideal Candidate Have?

• Suggested degree majors: Finance, Economics, Mathematics, Actuarial Science, Risk Management and Insurance, Statistics, or other analytical/business-related fields
• Prior work or internship experience in mathematics, statistics, data analytics, or related areas
• Intermediate to advanced proficiency with Microsoft Excel

What is a Must Have?

• Bachelor’s degree

Benefits

• Health Insurance starting first day of employment for employees and eligible family members
• Retirement: 401(k) match dollar-for-dollar up to first 5% of eligible pay (annual maximum); Paying it Forward Savings Program for student loan debt; Pension Plan 100% funded by Travelers
• Paid Time Off: minimum 20 days annually plus nine paid company holidays
• Wellness Program: tools, discounts, mental health resources including free professional counseling and health coaching
• Volunteer Encouragement: Matching Gift and Volunteer Rewards program