Sr. Product Manager

  • 36395
  • Non-Life - Actuarial
  • |
  • California, United States
  • |
  • Dec 9, 2019
  • Develop state(s) profit and growth strategies including product positioning and marketing approach.
  • Make rate and trend selections to meet profitability goals. Coordinate the rate revision schedule with appropriate departments.
  • Communicate with senior management and other business groups on the performance and strategic plans for assigned state(s).
  • Make fact-based strategic decisions based upon knowledge of the market, which includes competitors, regulatory and legal environment, claims handling trend, and distribution channel/agent relationships.
  • Respond to the department of insurance for rate filings and market conduct examinations and serves as a consultant on consumer complaints and other interactions.
  • Develop and maintain relationships with state regulators by attending regulatory meetings (i.e. IRES, and SERA), through daily phone contacts, insurance department visits and participation in industry group meetings.
  • Participate in the establishment of department goals and for implementing procedures and performance standards to achieve these goals; manage, coordinate, monitor and evaluate the activities of department staff directly or through subordinate supervisors.
  • Responsible for the assisting in the development of associates into future product managers.
  • Recognize opportunities to apply solutions to developed in assigned states to enhance company wide performance.
  • Masters degree or Actuarial accreditation (FCAS/ACAS) preferred, Bachelors degree in Business, Marketing, Mathematics, a related field or equivalent education required.
  • Minimum of five years of product management experience within the property and casualty insurance industry to including two or more years in a supervisory or lead role.
  • Demonstrated comprehensive knowledge of personal lines of insurance, products and features, competition and competitive market conditions
  • Excellent presentation and communication skills (oral and written) with strong analytical and problem solving skills.
  • Ability to apply critical thinking skills to identify key levers and priorities.
  • Ability to balance quantitative analysis with competitor behaviors within the marketplace.
  • Thorough understanding of competitors and alternative markets within each environment.
  • Ability to set/change tactics as a response to business priorities and/or market influences.
  • Ability to articulate financial results and impact of tactics/strategy to senior management.
  • Ability to take the initiative in fast paced work environment and be able to interface with all functions at all levels both within and outside the organization.
  • Excellent leadership, coaching, project management and mentoring skills.
  • Ability to accomplish goals through influence management and motivation; able to collaborate with various departments and company members.
  • Line of business expert with ability to develop underwriting, production, and pricing strategies.
  • Thorough understanding of the ratemaking process and demonstrated ability to analyze, recommend and support a rate level with internal management and state regulators.
  • Ability to design and deliver technical training programs to support staff.
  • Ability to operate PC based software and/or automated database systems required.