Bridge Specialty Group is seeking a
Vice President, Product Development to join our growing team.
The Head of Product Development is responsible for finding, developing, and launching new products, programs, and market opportunities across Bridge Specialty Group. This role also helps improve existing products and supports profitable growth. As a member of the Senior Leadership Team, this leader works with Practice Group leaders, carriers, underwriting teams, operations, technology, and business development teams to bring innovative and scalable solutions to market.
How You Will Contribute:- Lead Bridge Specialty Group's product development strategy.
- Identify opportunities for new products, programs, facilities, and specialty insurance solutions.
- Review market trends, retailer and client needs, carrier appetite, and competitor activity.
- Maintain a clear pipeline of product and program opportunities.
- Recommend where the organization should invest time and resources to support growth and profitability.
- Lead new products and programs from idea through launch.
- Work with underwriting, carriers, operations, technology, finance, legal, compliance, and business leaders throughout development.
- Prepare clear business cases and launch plans for new opportunities.
- Set practical steps for reviewing, approving, testing, and launching new products.
- Review results after launch and recommend improvements when needed.
- Build strong relationships with carriers, MGAs, reinsurers, and program partners.
- Identify new sources of capacity and additional market opportunities.
- Partner with carriers to develop solutions for retailers and clients.
- Lead negotiations and discussions related to new products and programs.
- Share market and carrier information with business leaders.
- Work with Finance and business leaders to set and track product performance measures.
- Review product growth, profitability, use, and market demand.
- Help producers, brokers, and retailers understand new products and capabilities.
- Promote successful products across Practice Groups, offices, and regions.
- Connect product development with digital and technology capabilities when appropriate.
- Prioritized list of product, program, and market opportunities.
- Clear product review, approval, launch, and performance processes.
- Product performance and financial reporting.
Skills & Experience to be Successful: - Strong knowledge of wholesale and specialty insurance, underwriting, brokerage, and distribution.
- Experience developing and managing insurance products or programs.
- Ability to identify opportunities and turn them into clear business plans.
- Strong business and financial judgment.
- Ability to lead and influence across a decentralized organization.
- Strong carrier, market, and business relationships.
- Clear communication, sound decision-making, project leadership, and follow-through.
- Bachelor's degree or an equivalent combination of education and relevant experience.
- Significant leadership experience in wholesale insurance, specialty insurance, underwriting, brokerage, product development, program management, or a related field.
- Demonstrated success developing, launching, managing, or expanding insurance products or programs.
- Experience building carrier, underwriting, capacity, and distribution partnerships.
- Experience leading complex projects across several teams or business areas.
- Ability to travel as needed to meet with offices, carriers, retailers, and industry partners.
Pay Range$175,000 - $250,000 Annual
The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
Teammate Benefits & Total Well-BeingWe go beyond standard benefits, focusing on the total well-being of our teammates, including:
- Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
- Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
- Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
- Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
