Sr Product Manager

Job Description

Senior Product Manager owns the growth and profitability for either the line of business (LOB) or region they are assigned. They are responsible for developing a product and pricing strategy that delivers relevant solutions to clients and agents while protecting the financial strength of the organization. They have a focus on organizational partnership, market selection, agent and client experience, and overall risk management.

They work very independently and serve as a mentor to other product managers on the team.

100% in-office position. Candidates must be able to work on-site at a designated company office during standard business hours.

Only U.S. Citizens and Green Card holders will be considered.

• Owns growth and profitability for assigned LOB or region, including YoY growth targets, developing and achieving our rate plan, and proactively identifying and addressing key concerns.
• Provides monitoring and surveillance of key initiatives and monitors progress and success.
• Elevates concerns and proposes solutions to Senior Leadership Team.
• Oversees vendor management and partnership for LOB and/or regional initiatives (e.g., HSB).
• Responsible for identifying new focus markets and a comprehensive strategy to profitably grow markets.
• Proactively identifies, assesses, and implements solutions aimed at controlling a broad range of risks facing the organization (ERM) including recommendations on CAT management, reinsurance structure, and agency footprint. Provides leadership team with periodic industry intelligence on emerging issues.
• Helps develop product management team by cultivating a culture where ideas are welcomed and shared, actively engages team and provides training and mentoring to other product managers.

• Reviews pricing, design features, and critical success factors such as distribution, marketing, underwriting and claims to make recommendations on all above.
• Works collaboratively across divisions to incorporate expertise and knowledge into a holistic strategy for achieving company success.
• Works closely with other areas and IT to determine project prioritization and implementation.
• Provides leadership to all functional areas related to product design and management, makes recommendations based on in‑depth functional and regional knowledge and opportunities for improvement.
• Utilizes industry reporting tools to provide competitor insight, market share and performance within a region or line of business to senior leadership team.
• Works closely with Business Intelligence team to develop standardized monthly reports for specified region and/or line of business to measure and monitor performance of growth and profitability and product development initiatives.
• Makes recommendations for development of product enhancements and new products based on competitor, field, and client feedback.
• Works with marketing to identify areas of focus and opportunity, develops plan inclusive of market research and analysis to assist in prospecting initiatives, marketing campaigns, and branding, and supports marketing in development of marketing collateral both agent and client facing.
• Manages strategies related to multiple product profitability objectives, works cross‑functionally with underwriting, claims, and agencies to identify loss drivers and implement mitigation strategies.
• Leads and coordinates the coordination of new products and product changes, spearheads product related internal and external training and education.
• Develops and executes long‑term business product plan that drives profitable growth at the local market level, functions as technical resource to leadership and other functional areas.
• Analyzes and reviews financial results, product profitability, business mix and competitive information and designs forecasting models for the organization, functions as expert on product issues.
• Guides the process of sponsoring/evaluating new tools and technology to enhance product performance with a focus on innovation, validates and confirms effective execution of pricing and product initiatives.
• Leads and coordinates critical internal processes including…