Insurance Product Manager

Posted 1hrs ago

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Job Description

Insurance Product Manager driving profitable growth and product initiatives at Porch Group. Collaborating with cross-functional teams to enhance homeowners insurance offerings.

Responsibilities:

  • Ensure the successful implementation of new product, pricing, and underwriting actions at a state and national level.
  • Maintain loss ratio discipline and risk tolerance while achieving profitable growth in assigned markets; ensure forecasts and business objectives account for current and likely market conditions.
  • Manage catastrophe risk and concentration risk effectively as the business pursues growth objectives.
  • Analyze key competitors and their strategies; share insights across the organization to develop effective market initiatives and build out competitive intelligence tools.
  • Regularly report on product performance and make data-driven decisions to optimize results; recommend KPIs and metrics to improve performance tracking.
  • Ensure all products meet customer needs and expectations; incorporate customer feedback into product development and improvement.
  • Partner cross-functionally with underwriting, marketing, sales, IT, and operations teams to deliver cohesive and effective product initiatives.
  • Ensure all products comply with relevant regulatory requirements and standards.
  • Identify and develop cross-functional process improvements that enhance both efficiency and effectiveness.

Requirements:

  • Bachelor’s degree in Business, Marketing, Finance, Actuarial Science, or a related field; MBA or advanced degree preferred.
  • Minimum 10+ years of experience in product management, actuarial, finance, or related roles within the insurance industry; minimum 5+ years in homeowners insurance required.
  • Proven track record of successful product launches and strategic initiatives.
  • Deep understanding of personal lines insurance and reinsurance, including trends, regulations, and the competitive landscape.
  • Strong leadership and team management skills; ability to inspire and drive cross-functional teams toward common goals.
  • Excellent analytical and problem-solving abilities; proficiency using data to drive strategic decisions.
  • Exceptional verbal and written communication skills; ability to translate complex issues clearly for partners and stakeholders.
  • Creative thinker with a passion for innovation, continuous improvement, financial acumen, and regulatory knowledge.
  • Demonstrated customer focus and the ability to incorporate feedback into product strategy.

Benefits:

  • Health insurance
  • 401(k) matching
  • Flexible work hours
  • Paid time off
  • Remote work options
  • Wellness programs