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Director, Strategic Initiatives - Claim Portfolio Management
The Travelers Companies, Inc.Hartford, Connecticut, US- Promoted
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The Cigna GroupBloomfield, CTDirector, Strategic Initiatives - Claim Portfolio Management
The Travelers Companies, Inc.Hartford, Connecticut, US- Full-time
Find out more about the daily tasks, overall responsibilities, and required experience for this opportunity by scrolling down now.
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 : $105,900.00 - $174,800.00
Target Openings : 1
What Is the Opportunity?
The Director, Strategic Initiatives is a key member of the planning & execution functions with accountability to drive effective execution of departmental projects and initiatives enabling successful achievement of business plans. This leader will be responsible for driving various strategic initiatives, financial planning and operational execution in support of Claim’s portfolio management practice.
In this role, the individual will collaborate closely with a leadership team across business, technology, and analytics to ensure the portfolio aligns with Claim business and financial priorities, thereby fostering value creation. Key responsibilities include supporting investment prioritization, monitoring and reporting on portfolio health, and ensuring effective resource allocation to maximize portfolio value. Additionally, this person will support ongoing portfolio governance and reporting by establishing and maintaining processes to monitor portfolio health and risks. Effective cross-functional collaboration is essential, necessitating clear and actionable communication with stakeholders at all levels. This includes crafting messages and presentations for leadership teams and the broader organization. The ideal candidate will possess a strong background in strategic planning, portfolio management, and operations and demonstrates excellent analytical, communication, and leadership skills. Knowledge of claim processes is a plus.
What Will You Do?
- Build and maintain strong relationships within business leadership team.
- Partner with other organizations, including other Strategic Planning & Execution organizations (SP&E), to ensure alignment on purpose, progress, and resource requirements needed to achieve business objectives.
- Partner closely with Business Unit leadership to drive alignment to strategy / planning for execution of strategic priorities including multi-year planning, resource planning, initiative prioritization and strategic roadmap development.
- Drive effective management and execution of ongoing investment portfolio, close gaps between strategy development and execution and ensure strategy and budget alignment.
- Design and implement strategic planning infrastructure and ensure clear processes, documentation and operating model to drive effective direction and ensure alignment of organization to overall goals and vision.
- Establish and implement departmental reporting framework including reporting packages and regular analysis & report out of results, ensuring stakeholders are informed and support leadership in making key decisions.
- Provide strong strategic leadership, direction, and execution focus to Strategy, Planning and Portfolio team, leading with a diverse and inclusive mindset and proactively engaging team members so they reach their full potential.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
What is a Must Have?
What Is in It for You?
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.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
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