Products Manager

  • 38291
  • Non-Life - Underwriting
  • |
  • California, United States
  • |
  • Sep 30, 2020
Insurance
RESPONSIBILITIES
  • Manage the overall P & L of the specific product and geographic product business.
  • Determine the annual financial plan and budget for the assigned product portfolio.
  • Work with the actuarial pricing team to set analytic priorities in support of department and product goals.
  • Implement/execute business development, as appropriate.
  • Collaborates with leaders of relevant business units to support the development of product strategy, performance metrics, and operational plans.
  • Supports the current business transformation and provides guidance on product, pricing, quality, profitability, and portfolio management decisions.
  • Maintains an in-depth knowledge of market trends and the external environment.
  • Identifies market and product trends which are relevant to the Company.
  • Monitors operational profitability, including loss ratios, and service level agreements related to product development, internal efficiency, productivity, and compliance to Company and regulatory guidelines.
  • Provides input regarding action plans to address new regulations, regulatory changes, and areas of non-compliance.
  • Provides plan and strategy for the design and implementation of new products and product changes.
  • Provides development of internal and external implementation plans and communications for new products, product changes, and new policies and guidelines to raise awareness and commitment to execution.
  • Contributes to the development of go-to-market strategy and plans for new and revised products and new state introduction.
  • Continually follows through on decisions made and holds others accountable when this behaviour is not exhibited.
  • Contributes to an environment that encourages productivity, collaboration, teamwork and a high level of professionalism.
  • Promotes the Company's Code of Conduct and values, and models behaviours that align to these principles.
  • Contributes to the growth and profitability of the Company by working to improve growth, while meeting profitability and loss ratio targets.
  • Develops financial plans for Products and aligns those plans with corporate budgets.
  • Adheres to the Company's financial standards, policies and processes.
  • Continuously looks for ways to conduct Products operations in a cost effective manner that meets corporate and customers need.
  • Collaborates to ensure alignment of priorities, approaches and activities across the relevant product management business unit.
QUALIFICATIONS
  • Demonstrated loss ratio management experience with Homeowners Insurance in the Western United States.
  • Bachelor’s Degree in business, actuarial science, or another relevant discipline.
  • Graduate degree would be an asset.
  • 5+ years of experience in insurance pricing and/or product management.
  • Demonstrated experience in property casualty insurance pricing and management of regulatory relationships.
  • Experience in underwriting operations would be an asset.
  • Relevant industry-related certifications are considered a strong asset.
  • Strong management and leadership skills with the ability to build and maintain effective relationships with business partners and regulators.
  • Strong analytical thinking and planning skills.
  • Comfortable working in a fast-paced and dynamic environment.
  • Possesses personal characteristics of a strong leader - including personal resilience, adaptability, self-awareness, sales-orientation, and the charisma to develop and communicate a vision with passion.
  • Exceptional written and verbal communication and presentation skills.