Product Manager 1

The Product Manager Iis responsible forthe growth and profitability for either the LOB or Region they are assigned with minimal oversight from the Leader of Product Management. They work closely with the regional team and internal business partners toidentifyand execute growth& profitabilityinitiatives. This position will work closely with the Senior Product Manager and/or leader of Product Management to develop and execute that strategy. They are seen asthe primarydecisionmakerand are considereda valuable memberof the organization.  

This is a 100%in-office position. Candidates must be able to work on-site at a designated company office during standard business hours.

Essential Responsibilities:

• Accountable for the growth and profitability for assigned LOB or Region, including YoY growth targets, achieving our rate plan, and proactivelyidentifyingand addressing key concerns. Provides monitoring and surveillance of key initiatives andto monitorsprogress and success. Elevates concerns and proposed solutions to Director/AVP of Product. 

• Works with leadership toidentifypotential vendors that could offer value-added services to the organization.  

• Responsible foridentifyingnew focus markets and works collaboratively to develop a comprehensive strategy to profitably grow our markets. This position will work closely with Underwriting and Marketing to better understand our client needs and is a valuable resource on market and product knowledge.

• Helps develop product management team by cultivating a culture where ideas are welcomed and shared. Actively engagesteamandassistsother product managers when needed.

• Reviews pricing, design features, and associated critical success factors such as distribution, marketing, underwriting and claims to make recommendations on all the above. Works collaboratively across divisions to incorporateexpertiseand knowledge into a holistic strategy for achieving company success.

Additional Responsibilities:

• Works closely with other areas and IT todetermineproject prioritization and implementation. 

• Provides guidance to all functionalareas asrelated to product design and management. Makes recommendations based on in-depthfunctionaland regional knowledge and opportunities forimprovement.

• Utilizesindustry reporting tools toprovidecompetitor insight, market share and performance within a region or line of business to senior leadership team.

• Works closely withBusinessIntelligence team, develops standardized monthly reports for specified region and/or line of business to measure andmonitorperformance of growth and profitability and product developmentinitiatives.

• Makes recommendations fordevelopmentof product enhancements based on competitor, field, and client feedback.

• Works with marketing toidentifyareas of focus and opportunity. Develops plan, inclusive of market research and analysis, toassistin prospecting initiatives, marketing campaigns, and branding. Supports marketing in the development of marketing collateral (both agent and client facing).

• Manages strategies related to multiple product profitability objectives. Work cross-functionally with Underwriting, Claims, and agencies toidentifyloss drivers and implement mitigation strategies. 

• Works collaboratively on coordination and implementation of new products and product changes. Spearheads productrelatedinternal and external training and education. 

• Guides the process implementing new tools and technology to enhance product performance with a focus on Innovation. Validates and confirms effective execution of pricing and product initiatives.  

• Leads and coordinates critical internal processes including Growth and Profitability calls and Operational Reviews. 

• Leads and coordinates the Product Development process. 

• Leads cross-functional strategy teams and works closely with the Regional Field Executives to execute that strategy.

• Solid understanding of all Property and Casualty lines of business offered. Specificexpertisebased on assigned LOB or Region.  

• Works closely with Project Management Organization to build project charters and develop execution plans for product enhancements and new product offerings. 

• Works with Regional Field Executives and Actuarial to develop annual growth plans byagent, MLGA, state, region, and line ofbusiness.

• Works closely with Project Management Organization, CTS Management, and Business Analysts to build annual line of business maintenance schedules for rate and regulatory changes. 

• Works closely with Project Management Organization and CTS Management toidentifyand implement technology enhancements within the annual businessplan.

• Develops annual business plan for assigned lines of business or Region including product development projects, Growth & Profitability actions, and regulatory changes.

Qualifications / Experience Required:

• Bachelor's degree. 

• Four to sixyearsindustry experience.

• Supervisory/management experiencenotapplicable. 

• One year ofpreviousProduct Management experience or minimum of four years underwriting, actuarial, or other industry experience.

• Basic understanding of Property and Casualty Insurance Products

• Understanding ofthe operational nature of product implementation and the product life cycle.

• Ability to work independently with excellentorganizationskills and initiative.

• Excellent analytical and critical thinking skills.

• Ability to travel on behalf of the company.

• Ability to negotiate effectively with agents,underwritingand actuarial.

• Ability to effectively manage high pressure situations.

• Strong negotiating skills.

Preferred Qualifications:

• Professional insurance designation preferred. 

The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location.

In addition to base salary, this position is eligible for an annual bonus based on company and individual performance as well as a generous benefits package.

Omaha, Richmond, Albany, and Chicago Pay Range: $75,000 - $115,000