Salary
💰 $112,720 - $200,625 per year
About the role
- Manage designated product lines within a business unit (Commercial Multi-Peril/BOP: Property, General Liability, Umbrella)
- Support strategy development and execution and manage lifecycle processes to achieve revenue, profit, and growth targets
- Evaluate financial performance and implement adjustments to optimize product line results
- Conduct competitor analysis and analyze models, rating variables, and market segments to recommend adjustments
- Analyze competitor earnings, market positioning, and countrywide rating curves to support product development and rate strategies
- Coordinate with cross-functional teams to implement product strategies and operating standards
- Perform trend analyses (retention analysis and new money trends) to support product planning and inform decisions
- Provide data-driven recommendations for adjustments to product design, rules, rates, or underwriting
- Coordinate cross-functionally to evaluate and execute countrywide non-rate or underwriting actions
- Monitor product performance metrics, prepare reports for stakeholders, and maintain systems to monitor financial results and post-project performance
- Leverage data to deliver actionable insights
- Perform other duties as assigned
Requirements
- High School Diploma or equivalent required
- Bachelors degree preferred
- Minimum five years of experience required in product line management or similar role
- Commercial Insurance experience preferred
- Strong verbal and written communication skills
- Demonstrated ability to secure 'buy-in' and convince others regarding best approach
- Goal oriented team player with a positive attitude
- Excellent time management skills
- Strong relationship building
- Ability to analyze financial performance, rating variables, and market segments
- Experience with competitor analysis and data-driven product recommendations