Senior Director CW Insurance Product (Remote, US)

Job Details

Openly is seeking an experienced Senior Director of Countrywide Insurance Product to lead our insurance product development and strategic country-wide initiatives. Reporting to the Vice President of Insurance Product Management, this pivotal role will inherit a growing highly skilled team of individuals who have driven numerous value-add initiatives to completion. 

In the role, this individual will develop and scale the existing department to bring a deeper focus on the strategic direction of insurance products, develop and deliver new product features, provide analytic insights on existing in-market products, and collaborate to ensure that all product features remain in compliance with regulatory standards.

This influential position offers a unique opportunity to shape the future of our insurance products and make a significant impact on our business growth, profitability, and market position. The ideal candidate will be a visionary leader with a passion for innovation, a deep understanding of the insurance industry, and the ability to drive transformational change in a dynamic market environment.  

Key Responsibilities

• Product Strategy and Development: Formulate and execute a comprehensive product strategy aligned with market trends and company objectives. Lead the end-to-end development process for new insurance product features, from concept to launch.
• Strategic Initiatives: Spearhead high-impact projects that drive business growth, improve operational efficiency, and enhance customer experience. Collaborate with cross-functional teams to ensure successful implementation.
• Data Analytics and Insights: Oversee the insurance product analytics team in leveraging advanced data analysis techniques to inform product decisions and risk assessment models. Translate complex data into actionable business insights.
• Regulatory Compliance: Ensure all insurance products and processes adhere to evolving regulatory requirements across different jurisdictions. Stay abreast of industry regulations and implement necessary changes proactively.
• Coverage Forms and Documentation: Direct the development and maintenance of comprehensive, clear, and legally sound coverage forms and policy documentation. Ensure all materials effectively communicate terms, conditions, and benefits to policyholders.
• Team Leadership and Development: Manage and mentor a diverse team of product managers, analysts, and specialists. Foster a culture of innovation, collaboration, and continuous improvement.
• Stakeholder Management: Build and maintain strong relationships with internal stakeholders (e.g., sales, marketing, claims) and external partners (e.g., reinsurers, regulators) to ensure alignment and support for product initiatives.

Requirements

• 12+ years of progressive experience in insurance product development and management 
• A minimum of 5 years in a leadership role managing teams larger than 5-10 people and experience leading people managers
• Master's degree in Business Administration, Finance, Insurance, or related field; MBA strongly preferred
• Advanced analytical and problem-solving capabilities, with a data-driven approach to decision-making
• Excellent leadership skills with experience managing and scaling high-performing teams
• Outstanding communication and interpersonal skills, with the ability to influence at all levels of the organization
• Strategic thinking with a proven ability to drive transformational change
• Proven track record of successfully developing and launching innovative insurance products
• Deep understanding of insurance industry trends, emerging technologies, and regulatory landscape
• Strong business acumen with the ability to balance product innovation with profitability

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