Lead the Product Strategy, Residential Products (P&C Insurance)
The Product Manager is responsible for managing the profit and loss of their assigned line of business and supporting the AVP of Product in achieving strategic and financial goals. This role oversees and coordinates all aspects of the product, ensuring alignment with company goals, values, and strategies. The Product Manager serves as the day-to-day driver of product initiatives-defining, prioritizing, and executing enhancements across pricing, underwriting, and product development. Through cross-functional collaboration, they ensure initiatives are delivered on time, aligned with strategic intent, and grounded in operational and financial realities.
Roles & Responsibilities:- Manage the end-to-end delivery of products to agents, markets, and consumers, ensuring quality, compliance, and alignment with strategic goals.
- Translate line of business (LOB) strategies into actionable product requirements and enhancements.
- Plan and lead state-level product reviews, including determining and approving rate needs to maintain profitability.
- Serve as the primary contact and key communicator with Sales (including RVPs and Territory Sales Managers), Actuarial, Underwriting, Marketing, and other stakeholders to gain alignment on product decisions.
- Interpret and implement national product direction within assigned states or lines of business.
- Collaborate with Underwriting to define and maintain underwriting guidelines and risk appetite by state.
- Coordinate cross-functionally with Actuarial, IT, Compliance, and Operations to execute new product launches, filings, and ongoing updates.
- Maintain and prioritize the product backlog, manage feature timelines, and ensure delivery through partnership with Deployment and Configuration teams.
- Participate in business readiness planning and support go-to-market strategies for product rollouts.
- Ensure adherence to all regulatory and compliance standards, including documentation and audit preparedness.
- Conduct or support DOI complaints, Market Conduct research, premium waiver management, and state survey responses.
- Provide specific product and system knowledge throughout the quote, issuance, and endorsement process.
- Participate in market research and competitive analysis to inform innovation and continuous product improvement.
- Support development of internal and external product communications and training materials.
Required Technical Skills:- Strong analytical abilities including understanding of advanced mathematics and statistical concepts
- Strong command of Excel and MS Office Suite applications
- General understanding of Pricing Segmentation, State Regulations, Reinsurance, Policy Contract Language, Product Management and Underwriting
- Proven ability to lead, innovate and make decisions in order to foster and develop more advanced techniques as appropriate for the functional area.
Skills / Knowledge / Experience:PM: Experience in Property & Casualty Insurance Product Development/Management; preferably in personal lines with a specialization American Modern product suite. Demonstrated leadership ability. Lead projects, demonstrate successful P&L management.
Sr. PM: 4+ Years Experience in Property & Casualty Insurance Product Development/Management; preferably in personal lines with a specialization American Modern product suite. Demonstrated leadership ability. Lead projects, demonstrate successful P&L management. Excellent problem solving and decision making skills are required.
Education, Certifications & Designations: Required:
- Bachelor's degree Business, Finance, Math, Statistics or similar field
Preferred:
- MBA or similar advanced degree, CPCU and/or FCAS, AINS
We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:
- Two options for your health insurance plan (PPO or High Deductible)
- Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
- Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
- Prescription drug coverage (included in your health insurance plan)
- Short and Long Term Disability coverage
- Vision and dental insurance plans
In addition to the above insurance offerings, our employees also enjoy:
- A robust 401k plan with up to a 5% employer match
- A retirement savings plan that is 100% company funded
- Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
- Eligibility to receive a yearly bonus as a Munich Re employee
- A variety of health and wellness programs provided at no cost
- A hybrid environment that gives you a choice in where and how you get work done
- A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
- An on-site complimentary workout facility as well as walking trails on campus grounds
- On-site wellness center complete with nurse practitioner
- Financial assistance for adoptions and infertility treatment
- Paid time off for eligible family care needs
- Tuition assistance and educational achievement bonuses
- Free parking
- A corporate matching gifts program that further enhances your charitable donation
- Paid time off to volunteer in your community
