Demo

VP & Medical Director

Travelers
Travelers Salary
Hartford, CT Full Time
POSTED ON 3/2/2025
AVAILABLE BEFORE 6/2/2025

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.

Job Category Claim 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 $221,000.00 - $348,100.00 Target Openings 1 What Is the Opportunity?

Lead the strategy and operations of Travelers Claim Medical initiatives focusing on how developments in the broader medical environment impact Property & Casualty product lines. This role will serve as a thought leader and help develop the following critical areas for Travelers :

  • Develop strategies and direction to advance Travelers medical capabilities to keep Travelers at the leading edge of the P&C industry.
  • Develop medical management strategies that help injured employees return to work as soon as medically appropriate.
  • Ensure Travelers is prepared to incorporate new and emerging medical technology and practices into its strategies, practices and workflow where appropriate.
  • Conduct research and analysis related to medical and healthcare trends, including the physical and psychological influences which can impact claim outcomes.
  • Organize and coordinate Travelers' medical review functions, interpreting Federal and State regulations and medical guidelines to establish medical review policies.

Works in close collaboration with the Claim leaders and in partnership with other Medical and Pharmacy professionals.

What Will You Do?

  • Provide overall program leadership as the organization’s lead physician. Serve as the key enabler and facilitator for the Travelers medical strategies and represent the Travelers brand both internally and externally.
  • This position will oversee the following key areas :
  • Medical Claim Product Research, Strategy and Innovation :
  • Design and direct innovative, outcome focused strategies and business plans for medical related product development and enhancements.
  • Conduct industry research and analysis related to medical, healthcare and group health trends and practices.
  • Partner with stakeholders to develop and design projects and proofs of concept to improve business results.
  • Stay connected to industry and relevant external bodies / associations to assess trends and coordinate Travelers medical position.
  • Inform Product and Underwriting insights to manage trends.
  • Attend external forums representing Travelers.
  • May provide input and support medical vendor strategies.
  • Medical Direction and Oversight :
  • Participate in the design and development of organizational design and workflows for effective implementation of medical strategies.
  • Oversee engagement of Regional Medical Directors and other medical resources.
  • Stay apprised of changes in medical technology and adjust review organizational design accordingly.
  • Interpret regulations and guidelines to establish medical policies as necessary.
  • Provide input into the investigation of new technology.
  • Claim Practices & Support :
  • Provide Medical guidance to the Claim Field organization.
  • Provide input into claim practices and marketing strategy.
  • Partner with key stakeholders to review and monitor financial and qualitative operating results related to medical.
  • Partner with other medical and pharmacy experts on training strategies.
  • Perform other duties as assigned.
  • What Will Our Ideal Candidate Have?

  • Understanding of healthcare systems including Hospital Services, Pharmacy and Group Health insurance.
  • Strong background in Occupational Medicine.
  • Background in pain management or orthopedics a plus.
  • Understanding of psychological factors in achieving optimal medical outcomes a plus.
  • Experience leading major projects or transformational initiatives.
  • Management experience preferred.
  • Proven ability to work in a team environment.
  • Demonstrated thought leadership.
  • Strong research and project management skills.
  • Ability to analyze business problems thoughtfully.
  • Ability to communicate complex issues effectively.
  • Direct and / or indirect leadership skills.
  • Financial management and analysis skills.
  • What is a Must Have?

  • Licensed MD.
  • 5 years clinical and utilization management experience.
  • Certified by the American Board of Medical Specialties.
  • What Is in It for You?

  • 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. 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 provides access to resources that support your daily life needs.
  • Volunteer Encouragement : We encourage our employees to get involved in the communities we serve.
  • 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.

    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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    Salary : $221,000 - $348,100

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