Property & Casualty Product Manager

Posted 2hrs ago

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Job Description

Product Manager driving success in the Property & Casualty insurance portfolio through analysis, market research, and product development. Collaborating cross-functionally to deliver innovative insurance solutions.

Responsibilities:

  • Complete proactive analysis of assigned states/responsibilities to ensure integrity of existing products by serving as team member on channel-driven product enhancement projects.
  • Research business ideas and market opportunities or trends that lead to new product ideas.
  • Develop comprehensive analysis of financial potential of new product ideas.
  • Utilize knowledge of rate making and product costs (direct and indirect) in determining future actions at a state level and rate making exercises.
  • Research, select and define and develop new product features, and market positioning based upon customer need and competitive environment.
  • Develop quality standards, administration, policy language and pricing for new products.
  • Develop and present business plans and justification for new business opportunities/new products with potential financial impacts.
  • Manage and direct internal resources and external vendors for effective implementation of new products.
  • Analyze testing of new products and existing products enhancements to ensure product maintains positioning and profitability.
  • Develop relationships with outside companies for potential strategic alliances and/or vendor administrators.
  • Keep up on latest industry and consumer trends by attending educational workshops, reviewing professional publications, Internet research, establishing personal networks, and/or participating in professional societies.
  • Help ensure implementation/testing of new and existing products through internal training and selling of new product ideas to sales force and client contact teams.
  • Assist the client teams by attending client presentations as new product expert when necessary.
  • Provide new thought direction and expertise to channels and client teams by attending brainstorming sessions for marketing, product enhancements or new product ideas.
  • Support geographic-level reporting and analysis.
  • Prepare maps, visual summaries, heat-charts, exposure analysis and other similar reports and analysis to understand product exposures and risk management at a granular geographic level.

Requirements:

  • A minimum of 5 years’ experience in product analysis or product management within Property & Casualty insurance, preferably HO3 (Homeowners) and HO6 (Condominium).
  • Must have experience with regulatory language and interpretation of Forms.
  • Proven analytical and conceptual thinking skills and a high attention to detail.
  • Experienced performing effectively when changes in priorities, direction and resources occur.
  • Advanced Excel skills required; general proficiency with Microsoft Office.

Benefits:

  • Health insurance
  • 401(k) matching
  • Paid time off
  • Flexible working arrangements