Associate Product Manager

  • 38017
  • Non-Life - Actuarial
  • |
  • Michigan, United States
  • |
  • Aug 19, 2020
Insurance
RESPONSIBILITIES
  • Provides support in the strategic positioning of the Company products and services in order to meet member needs, build company revenues, and meet corporate objectives within assigned region/s.
  • Coordinates the development, implementation, and administration of lower-level programs and policies for specific property/casualty insurance lines underwritten.
  • Assists management in reaching targeted goals for product premium volume growth and profit and loss results within the assigned region/state.
  • Perform analysis as requested by upper-level Project Managers and other Pricing Product and Development leadership.
  • Works with product managers and business line management to ensure alignment and the successful development of the entire product line for the Company.
  • Identifies, forecasts, integrates, and communicates market trends to develop pricing structures and rate revisions for assigned region/s.
  • Initiates projects and analyses as a result of market observations.
  • Monitors product revision schedules and deadlines. Provides recommendations to upper-level Product Managers and management regarding new/revised Property & Casualty products and programs.
  • Assists with filings for state insurance departments.
  • Develops and maintains required manuals and materials in support of pricing and policy revisions for the product management team.
  • Participates in the development of marketing and sales programs for personal lines products.
  • Analyzes information regarding competitors, product performance, and general insurance and market issues.
  • May act as a company representative in the interaction with independent insurance agents, vendors, insurers, trade associations, insurance bureaus, government agencies, etc.
  • Participates in the department process related to the selection, hiring, training, development, coaching, review, and counseling of assigned staff.
  • Research industry legislation and maintain up-to-date knowledge of current on new trends and developments that affect telematics products/programs.
  • Research other telematics provider solutions, OEM offerings and come up with an analysis on their capabilities.
QUALIFICATIONS
  • CPCU, IIA, LOMA, CAS or other insurance-related coursework.
  • Master’s degree in Marketing, Finance, Mathematics, Statistics, Actuarial Science, Business Administration or a related field OR a combination of college coursework and equivalent work experience.
  • - Product management in an Insurance, Financial Services or related business environment.
  • Writing and/or testing detailed requirements.
  • Working in a property/casualty business environment.
  • Preferred knowledge of R, Python, Ruby on Rails, Java applications.
  • Experience in at least three of the following:
  • Researching and developing new property/casualty insurance or telematics programs/products;
  • Developing property/casualty insurance or telematics programs, standards, and procedures;
  • Interacting with customers/agents or Sales to understand the need and ensure the product enhancements is aligned with their needs;
  • Marketing or sales of Property /Casualty insurance or telematics programs.
  • Working with technology teams and user experience teams in creating and delivering online/mobile capabilities;
  • Participating in product design or backlog analysis and decision making processes.
  • - Current property/casualty programs and products, underwriting rules and requirements, forms and processing procedures.
  • Regulations, policies, and procedures of various regulatory agencies.
  • Marketing and research concepts and techniques.
  • Demonstrated skills in/with: Organization and planning, Analyzing, problem-solving and decision making, and Development and coordination of projects.
  • Recommend new casualty products to meet market needs.
  • Represent the department or inter-departmental teams, outside organizations, and the public.
  • Communicate effectively with others in a work environment and with the public.
  • Manage and conduct an in-depth qualitative and quantitative analysis of the market and property/casualty.