About the Role.The State Management Senior Product Manager provides proficient personal Property & Casualty insurance guidance in the management of multiple insurance products and states in support of our sustainable growth objectives. The Senior Manager leads a team of analysts to execute complex and strategic projects, ensures timely implementation and communication of rate & project plans, participates in cross-functional task forces, and serves as a product subject matter expert within the organization.
What you'll do.- Leverage understanding of insurance business, product, local markets and regulatory environments to develop and lead comprehensive state strategies that influence decisions across the organization.
- Understand and communicate the link between PURE's vision, strategies, and department initiatives through the development of local market strategies to ensure progress towards company objectives.
- Demonstrates a thorough knowledge of company product features and benefits as well as industry product trends.
- Oversee the workflows and projects to achieve target growth and underwriting margin objectives with a focus on member experience.
- Create a roadmap for the implementation of new products, maintenance/enhancement of existing products, and oversight of the analytical monitoring and reporting of state performance.
- Advance the rate review process, including the proposal, filing, communication, implementation, and "Go-To-Market" strategy development of all pricing and product changes.
- Demonstrate knowledge of the regulatory environment and build strong relationships with regulators.
- Partner as a Product contact with internal areas, including underwriting, sales and marketing, claims, legal, finance, and executive leadership teams.
- Maintain current knowledge of competitor actions, industry developments and Member needs.
- Collaborate with other business units to drive innovation in products and achieve company priorities by providing strategic thought leadership
- Develop and manage the work of analysts that report directly to them (if applicable)
- Mentor and be a thought partner for other managers and analysts across our Product teams
- Act as a subject matter expert on committees/external panels/forums/rate hearings
What we're looking for.
- 8+ years of relevant work experience in P&C insurance product management with demonstrated increased responsibilities over time. High net-worth personal lines insurance experience preferred, but not required
- Bachelor's degree required, ideally in an analytical field of study such as Economics, Finance, Actuarial Science, Math, Statistics or Risk Management
- Deep knowledge of the P&C industry, competitors, insurance product pricing, financial drivers of profitability; comprehensive understanding of legislative and insurance regulations
- Python skills preferred
- Extensive understanding of the insurance rate and product review process, including the effects on other key stakeholders and the membership
- Superior critical and analytical thinking, quantitative and problem-solving skills with the ability to make data-based decisions.
- Demonstrated ability to analyze data, obtain useful insights, and develop recommendations
- Well-developed oral and written communication skills; comfortable speaking in front of large and small groups, including senior leadership, and ability to create and deliver appropriate communication to different audiences
- Ability to influence stakeholders, and demonstrated level of curiosity
- Experience leading teams and important initiatives
- Highest level of integrity and honesty
The base salary for this role can range from $120,000 to $135,000 based on a full-time work schedule. An individual's ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience
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