Senior Insurance Product Lead; Remote

Porch Group is a leading vertical software and insurance platform and is positioned to be the best partner to help home buyers move, maintain, and fully protect their homes. We offer differentiated products and services, with homeowners insurance at the center of this relationship. We differentiate and look to win in the massive and growing homeowners insurance opportunity by
1) providing the best services for home buyers,
2) led by advantaged underwriting in insurance,
3) to protect the whole home.

As a leader in the home services software-as-a-service ("SaaS") space, we've built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies.

In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We are looking to build a truly great company and are JUST GETTING STARTED.

Job Title:
Senior Manager, Insurance Product
Location:
United States
Workplace:
Remote

Job Summary

The
Senior Manager, Insurance Product will be a player/coach responsible for managing profitable growth as we implement new products, pricing and underwriting into current markets as well as expand into new markets in the Midwest, Northeast, Florida, and the Southeast. This role requires a creative and dynamic collaborator that can leverage their deep understanding of the insurance market to drive decisions and action today and be a leader in building out a best-in-class insurance product organization.

This is a player/coach role that has state responsibilities while managing 3-4 insurance product managers.

What You Will Do As A Senior Manager, Insurance Product

• Product Implementation

• Customize actions for the complex eastern markets to ensure the successful implementation of new product, pricing, and underwriting actions for profitable growth.

• Identify detailed market dynamics and implement actions with your functional partners to drive profitable growth from those insights.

• Develop strategic roadmap for product manager business levers along with detailed processes for the business levers

• Develop product managers within the eastern region to go deep to win within their markets to drive detailed outcomes for profitable growth.

• Profitable Growth Management - Financial Oversight

• Maintain loss ratio discipline and risk tolerance while achieving growth in assigned market.

• Ensure forecasts and business objectives account for current and likely market conditions.

• Risk Management

• Develop a Risk Management tools and strategy that can drive growth in this large eastern Independent Agency market.

• Ensure effective management of catastrophe risk and concentration risk as we achieve growth objectives and develop pricing component that adjusts as new business changes concentration.

• Competitive Intelligence

• Analyze and understand key competitors and competitor strategies in your markets. Share and utilize this information to develop effective initiatives with organization partners

• Build out additional competitive intelligence information and tools as needed.

• Performance Monitoring

• Regularly report on product performance and make data-driven decisions to optimize results.

• Recommend KPIs and metrics to improve product performance tracking.

• Customer Focus

• Ensure all products meet the needs and expectations of customers. Incorporate customer feedback into product development and improvement.

• Cross-Functional Collaboration

• Work closely with the underwriting, marketing, sales, IT, and operations teams to ensure cohesive and effective product initiatives.

• Develop holistic solutions to

• Regulatory Compliance

• Ensure all products comply with relevant regulatory requirements and standards.

• Process Design

• Identify and develop cross-functional processes that improve regional team dynamics while creating both efficiency and effectiveness.

• Bachelor's degree;
  Business, Marketing, Finance, Actuarial or a related field; MBA or advanced degree preferred.

• Minimum of 12+ years of experience in product management, actuarial, finance or related roles within the insurance industry (minimum 5+ in homeowners insurance).

• Minimum of 8+ years of management experience

• Experience working with Senior Leadership and partnering on strategic initiatives.

• Experience across multiple customer segments:
  Preferred, Standard, Non-standard

• Proven track record of successful product launches and strategic initiatives.

• Deep understanding of personal lines insurance and reinsurance, including trends, regulations, and competitive landscape.

• Strong leadership and team management skills. Ability to inspire and drive cross-functional teams towards common goals.

• Excellent analytical and problem-solving abilities. Proficiency in using data to drive strategic decisions.

• Exceptional verbal and written communication skills. Ability to translate complex issues clearly to partners and stakeholders.

• Creative thinker with a passion for innovation and continuous…