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Product Management Development Program (PMDP) Pricing Analyst

Hartford, Connecticut

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 160 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 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.

Salary Range

$59,600.00 - $98,300.00

Target Openings


What Is the Opportunity?

Under Close Supervision, prepares state rate filings and responds to state insurance department inquiries. Completes data calls, participates in research projects and analyzes state and countrywide pricing initiatives. After initial training period, incumbents operate under Moderate Supervision. This position does not manage others.

What Will You Do?

  • Training:
  • Participates in specialized training in areas such as actuarial concepts, underwriting principles, business management, leadership/soft skills, and technical/data analysis skills. Applies increasing knowledge to assignments.
  • State rate filings:
  • Prepares multiple states rate filings for Department of Insurance, at various stages of completion, focusing on product, pricing and regulatory issues. Typically works on 4-6 filings at a time. Involves selecting and reviewing data and preparing actuarial indications/justifications for state team review.
  • Develops sensitivity analyses to assess potential impacts of rate changes on policyholders. Consults with actuarial partners on trends analysis.
  • Makes recommendations to state team based on analysis of trends.
  • Consults with Business and Intelligence and Analytics group on trends and pricing decisions. Based on discussions, reviews refined recommendations with State Teams on actions to take within particular states.
  • Ad-hoc Requests:
  • Completes analyses with high level of accuracy. May include loss and production analyses, cross-market and cross-state projects, and competitive intelligence projects.
  • Researches and analyzes questions/issues raised by Department of Insurance during filings. Presents recommendations to state team on response to Department of Insurance.
  • Provides relevant data to internal product processing, regulatory/legal departments and State Teams in response to DOI inquiries
  • Updates internal documentation with respect to periodic data pulls in advance of State Team reviews.
  • Presents findings of analysis to management on a periodic basis.
  • Other duties as assigned.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Bachelors degree in business management, mathematics, management information, finance, actuarial science, economics or other analytics related field preferred.
  • 2 years of experience in data analytics preferred.
  • Working knowledge of Personal or Business Insurance products and systems.
  • Working knowledge of financial analysis, pricing techniques, and alternate distribution systems.
  • Technical Knowledge/Critical Thinking:
  • Able to extract and analyze competitive data.
  • Team Orientation: Able to interact with others on a team.
  • Planning and Project Management:
  • Ability to handle shifting priorities.
  • Strong time management skills.
  • Ability to self-direct; strong sense of urgency in meeting deadlines.
  • Communication Skills:
  • Good verbal and written communications.
  • Knowledge:
  • Understands basic actuarial concepts such as loss development and trending.
  • Working understanding of competitive analysis tools.
  • Working understanding of basic ratemaking and its application, such as profitability, risk loads, etc.
  • Working understanding of techniques and models used to forecast insurance financials.
  • Understands and is able to access available sources of Travelers and Industry trend information.
  • Working understanding of and good working relationship with claim, business centers, call centers, and information technology. Developing understanding of the workflow and terminology of these areas and their impact on PL.
  • Solid knowledge of Excel, Access, and Word.

What is a Must Have?

  • Bachelors degree required.
  • Minimum of 6 months of work experience.
  • General Knowledge of Microsoft office products (Excel, Word, Powerpoint).

What Is in It for You?

  • Health Insurance: Employees and their eligible family members - including spouses, domestic partners, and children - 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, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • 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: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five free counseling sessions with a licensed therapist.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results. 

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

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.