National Auto and Umbrella Product Manager

The salary range for this job posting is $97,153.00 - $155,445.00 annually + bonus + benefits. Pay Type: Salary

The above represents the full salary range for this job requisition. Ultimately, in determining your pay and job title, we'll consider your location, education, experience, and other job-related factors, and will fall within the stated range. Your recruiter can share more information about the specific salary range during the hiring process.

While we may prefer candidates who reside near our Columbus, Ohio office, we will consider candidates who reside in any of our approved payroll listed states.

The role will report to Assistant Vice President, National Product.

Are you a Referral?

If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.

Unique residence requirements are listed in each job posting, please review closely for details.

Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:

Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

JOB OBJECTIVE:

Manages personal lines products at a national level.  Assumes profit and loss responsibility and develops profitable growth strategies for assigned line of business.  Sets national underwriting direction and creates product roadmap for assigned line of business. Monitors regulatory environment and oversees the implementation of regulatory mandated changes.  Coordinates with IT, State Product Management and Pricing to implement product enhancements.

ESSENTIAL FUNCTIONS: 

• Develops strategic plans to profitably grow assigned lines of business by working with key stakeholders within the organization. 
• Manages all changes to their assigned line of business. Works with key stakeholders to identify needed product changes.  Evaluates, approves and prioritizes product enhancement requests.
• Creates industry leading products and underwriting.  Maintains a multi-year product roadmap for assigned lines of business.  Works with IT to maximize available resources.  Monitors industry and regulatory trends.
• Analyzes industry and competitor market information and acts as a subject matter expert for regulatory, coverage and underwriting issues. 
• Generates and champions major product and underwriting strategies and initiatives.
• Collaborates with other functional areas to develop product enhancements, generate profitable growth and promote underwriting efficiency. 
• Conducts post implementation monitoring of product and underwriting enhancements.  Responsible to drive continuous improvement.
• Mentors and trains Product Consultant staff.  Guides the work of Product Consultants impacting the Product Manager’s assigned line of business.
• Supports the internal and external communications of Encova’s products, features or services.
• Conducts agency visits with Sales/Underwriting. Incorporates feedback in product and underwriting design.
• Coordinates with the Learning & Education Group to design product and underwriting training.
• Manages relationships with third party providers of coverage and underwriting solutions.  Responsible for establishing and achieving an annual expense budget for underwriting reports and third party coverage providers. 
• Works with key stakeholders to monitor and design business processes to insure proper matching of rate with risk to minimize premium leakage, and enhance the agent and policyholder experience.

OTHER FUNCTIONS: 

• Keeps informed of current and developing industry issues. Conducts self-directed research and occasionally attends key industry conferences.
• Performs other duties as assigned.

KNOWLEDGE, SKILLS AND EXPERIENCE:

• Undergraduate degree in insurance, risk management, economics, finance, business administration or related field or equivalent knowledge in product management or underwriting.
• Minimum of seven years of experience managing product with profit and loss responsibility or Associates degree equivalent plus a minimum of nine years of experience. 
• Background in Product Management required. 
• Underwriting and / or Claims experience is a plus. 
• Strong analytical skills and knowledgeable in analyzing financial results, profitability, and forecasting. 
• Ability to evaluate top and bottom line impacts of action plans and utilize various data to identify new profit and growth opportunities in the assigned state(s).
• Advanced knowledge of actuarial and pricing concepts. 
• Familiarity with management practices with one or more years of supervisory experience preferred. 
• Experience managing and leading others preferred.
• Must possess excellent interpersonal, communication (oral and written) and analytical skills.
• Experience developing and implementing product or underwriting and coverage programs. 
• CPCU or working towards designation is preferred. 
• General knowledge of insurance industry, practices, standards, and concepts within related operations and field work.
• Ability to effectively collaborate and influence others.

This position has been evaluated in accordance with the Americans with Disabilities Act.  Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it.  This description reflects the nature and level of work performed by associates in this position.  It is not an all-inclusive inventory of duties, responsibilities and qualifications required.  It provides an accurate overview of the work and skills needed to perform this position.  Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons.

Ready to join our team?
At Encova Insurance, we firmly believe that our associates drive our company’s success by delivering unrivaled service to our customers. With success in mind, we make an ongoing effort to provide an environment that offers challenging, stimulating and financially rewarding opportunities.

Join us to discover a work experience where your diverse ideas will be met with enthusiasm – where you can learn and grow to your fullest potential.

What you can expect from us
Join our family of industry leaders, and let us reward you with a competitive salary, bonus and benefits package that includes but is not limited to: a 401(k), wellness programs, bonus incentive plans and flexible schedules, with an early close of the office every Friday. Additionally, Encova aspires to be an outstanding corporate citizen in all the markets we serve; we encourage and support associate participation in community initiatives through our foundations.

Encova Insurance is an EOE/E-Verify employer.