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Description
Summary:
This position is responsible for developing and managing products that support corporate growth and profitability initiatives. This position is responsible for reviewing materials, analyzing data, providing recommendations and supporting implementation of product initiatives. This position must operate with greater autonomy and authority than the prior job in the series.
Functions:
- Stay current with the market to understand key trends impacting markets, customers, products, services, and operational processes.
- Maintain awareness of regulatory and compliance issues related to products.
- Serve as an in-house expert for products and functions as the internal product resource for coverage analysis, pricing, and rate filings.
- Based on analysis of trends and market needs, recommend and create product solutions to support corporate growth initiatives and profitability.
- Facilitate the conversation between Actuarial, Underwriting and Marketing to ensure product competitiveness and targeted profitability.
- Review product changes from rating bureaus as needed, and make recommendations for implementation.
- Monitor the success of product initiatives.
- Draft proprietary endorsements; participates in regular rate reviews.
- Assist in the development of materials for filings.
- Collaborate and build consensus to successfully lead product initiatives to a conclusion.
- Work with the implementation team to implement product changes.
- Perform other duties as assigned by the supervisor.
Requirements
Qualifications:.
- Bachelor’s degree or relevant experience preferred; CPCU and/or industry or role specific certifications required.
- Three to five years of experience in insurance product management preferred.
- Technical knowledge of coverages, rates, rules, and forms required.
- Strong working knowledge of ISO/AAIS circulars and bulletins preferred.
- Ability to analyze and articulate complex coverage matters and rating processes required.
- Ability to work both independently and collaboratively in a team environment required.
- Ability to develop draft endorsements required.
- Creative problem-solving abilities required.
- Strong communication and presentation skills (written and verbal) required.
- Self-starter with the ability to prioritize competing deadlines required.
- Proficiency in office suite (MS Office Pro: Word, Excel), database management, email, and scheduling; ability to learn company computer systems required.
- Ability to work flexible hours, travel to all organization offices (including Pennsylvania, Ohio, and South Dakota) and travel to vendor work sites required.
- Ability to work in an office environment with moderate noise level, remain in a stationary position and operate a computer a majority of the time required.
- Ability to move throughout the office to access work materials and to move work materials weighing up to ten pounds daily required.
- Ability to perform the essential functions of the job with or without reasonable accommodation required.
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