Assistant Product Manager

  • 37414
  • Non-Life - Underwriting
  • |
  • Ohio, United States
  • |
  • May 20, 2020
Other
RESPONSIBILITIES
  • Underwrite, price, and monitor complex commercial lines insurance program business while achieving profitability targets.
  • Maintain and develop professional relationships with existing or prospective clients and production sources, including, brokers, fronting carriers, captive managers, etc.
  • Develop portfolio monitoring protocols, including results monitoring and audits. Assist in the development of new or potential business clients and conduct initial vetting of opportunities.
  • Establish and maintain defined underwriting strategies, for assigned production sources/accounts/lines of business, to improve risk selections and pricing.
  • Possess a clear understanding of underwriting guidelines and actuarial/pricing guidelines; maintain an in-depth knowledge of all tools and models used in the underwriting process; maintain compliance with CU and Divisional underwriting guidelines.
  • Develop manuscript policy/contract language and create necessary rate, form and rule filings. Consult with legal and claims teams to determine intent of coverage language.
  • Ability to manipulate data for ad hoc reporting and rate making.
  • Work with actuarial to develop rating plans and pricing tools when necessary.
  • Develop underwriting guidelines and pricing guidelines whether or not there are reference guides to evaluate the exposures, historical data to evaluate loss potential or established rating bases for pricing.
  • Understand insurance market structures, market cycles and insurance operations, including compliance and regulatory issues.
  • Ability to work at the speed necessary of our clients.
QUALIFICATIONS
  • Bachelor’s degree in business discipline required.
  • Professional qualifications and insurance designations also an advantage.
  • 5+ years of product and underwriting experience in primary insurance in the Property & Casualty Insurance Industry.
  • Product and Underwriting experience in either Commercial Lines auto or Personal Lines auto is required. Experience in multiple lines of business is a plus.
  • Knowledge of the US insurance regulatory landscape.
  • Ability to think outside the box, assess risk and exposures, and be comfortable making underwriting decisions using non-traditional methods and tools.
  • Ability to independently manage interactions with claims, financial, actuarial, operations, legal disciplines, and external parties. Excellent negotiation and conflict resolution skills.
  • Superior interpersonal skills.
  • Effective time management skills.
  • Excellent analytical, communication, and strong command of Excel, MS Office Suite and computer systems.
  • A solution-based approach with the ability for complex problem solving
  • Knowledge of data gathering and manipulation techniques and tools such as Access, SQL.
  • Strong analytical abilities including mathematics and statistical concepts.
  • Willing to travel as needed.