Personal Lines Product Developer Manager II

Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premium well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.

Professional provides product insights to SET projects which are across Personal Lines, Business Insurance, and Life. Requires a good understanding of rating and underwriting (UW) along with business rules. Work with IT, UX, and requirement leads to translate this into a good quoting experience for agents. Analyze enhancements, projects and defects for priority and help with ROIs for them when needed.

Role Description:

A hands on individual contributor supporting this work with guidance from a manager. Need to be able to learnstudy new things quickly and work well within a larger team. Will focus on balancing end user experiences with rating and UW requirements. Ability to communicate complex technical concepts to nontechnical stakeholders is important. Should have strong excel skills for creating an ROI and doing analysis.

• Responsible for managing all aspects of product and staff within assigned products or product segments. Assesses profitability, growth, competitors’ strategies, and initiative changes to the products or product segments.
• Responsible for profitlosses for assigned products or product segments. Takes leadership role in products or product segments (with midhigh level of complexityimpact) as assigned by Senior Product Development Manager.
• Develops long and shortterm plans for assigned products or product segments with corresponding personal lines staff and field management staff. Negotiates and sets priorities to align product or product segment goals with corresponding personal lines and field management goals.
• Develops and implements risk selection, pricing and contract changes for products or product segments.
• Develops and implements new products or product segments. Secures funding and required resources, including senior management approval when appropriate. Manages the analysis and research performed in the development of their product or product segment and its alignment with others.
• Works with IT and Business Operations to plan system changes and develop requirements.
• Develops product implementation procedures to ensure an orderly change or rollout. Facilitates through other parts of the organization to accomplish results.
• Stays abreast of industry developments. Recruits, trains and develops Product Development Managers, Asst Product Development Managers and Product Analysts to cover evolving business needs. Assists product development team in products or product segments of varying complexityimpact. May supervise one or two Product Development Managers I, Assistant Product Development Managers, Product Analysts or Product Specialists. Performs other duties as assigned.

• Requirements

  • Bachelor’s degree in mathematical or statistical field preferred. Masters degree preferred
  • Eight years experience in similar role, or Graduate degree and four and 12 years experience in similar role.
  • One and ½ years experience as a successful Product Development Manager I.

  • Benefits

    This position comes with competitive compensation and benefits package:

    1. Competitive salary and performancebased bonuses
    3. Comprehensive benefits package
    5. Home Office model
    7. Career development and training opportunities
    9. Flexible work arrangements (remote andor officebased)
    11. Dynamic and inclusive work culture within a globally known group
    13. Private Health Insurance
    15. Pension Plan
    17. Paid Time Off
    19. Training & Development