Job Description

Job Description

Job Description

Job Description:
Our client is a private mutual insurance company that provides property and casualty insurance to the Midwestern, Northwestern and Southwestern areas of the United States. Due to growth, they are seeking a Commercial Lines Product Manager to join their team. This role will develop and take ownership of the commercial lines strategy and roadmap. This position is hybrid in Minnesota or Michigan.

• Monitor the performance of assigned product lines and industry classes to ensure company objectives are met; identify opportunities and threats to product performance and recommend product and pricing changes as needed.
• Research industry and other trends to identify, evaluate, and recommend new or modified product offerings; set priorities and lead the development and execution of approved initiatives.
• Create strategic plans and set priorities for product initiatives and enhancements, ensuring they align with company objectives; gain consensus from senior management. 
• Set direction and manage the backlog for the cross-functional product team; collaborate with product owners, business analysts and other members to ensure successful implementation of initiatives.
• Collaborate with underwriting, pricing, technology and data teams to vet product, pricing and automation enhancements; build consensus and set priorities for implementation.
• Work with actuaries, data scientists, and others to create and refine predictive pricing models; partner with analysts to ensure models deliver positive business outcomes post-implementation. 
• Partner with pricing actuaries in rate review process; provide direction based on market intelligence, underwriting input and product performance to influence pricing proposals.
• Plan, research and oversee filing and implementation of products to ensure compliance with statutory and regulatory requirements.
• Routinely engage with technology leaders to ensure alignment with company product technology trends, directions and roadmaps.
• Participate in selecting and implementing tools and systems to support product development and management.

Requirements:

• 3+ years of prior experience in commercial lines product management
• Experience working with cross-functional product delivery teams
• Experience maintaining products in policy administration and customer portal systems
• Working knowledge of regulatory requirements
• Ability to multitask and solve complex problems
• Four-year degree in relevant field (preferred)
• CPCU designation (preferred)
• Proficiency in various core systems and internet-based technologies, office and computer equipment, and software packages

• Medical insurance options and other standard benefits, including dental, vision, life and disability insurance
• Health savings accounts and flexible spending accounts
• 401(k) Plan (participants are eligible for 100% matching on the first 6% of their contributions)
• Wellbeing program, including onsite fitness studio
• Paid time off, including holiday, vacation and volunteer time
• 100% company-paid tuition reimbursement for approved job-relevant coursework and access to The Institutes (risk and insurance education)
• Paid parental leave
• Bonus opportunities

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