Insurance Product Manager
Cherry Hill Township, NJ, United States
Overview:
Are you a seasoned Insurance Product Manager ready to take on an exhilarating challenge? American Collectors Insurance is seeking a dynamic, innovative individual to spearhead our collector auto insurance program. In this role, you'll navigate a fast-paced, startup-like environment, where your expertise with the insurance product will be pivotal in driving success. Collaborate with cross-functional teams, drive strategic initiatives, and shape the future of our product offerings. If you're ready to unleash your strategic prowess and thrive in a culture of innovation, join us on this exhilarating journey!
Job Summary: The Insurance Product Manager role at American Collectors Insurance oversees the growth and profitability of the collector auto insurance program, collaborating with cross-functional teams to implement pricing and product changes at a state level. The ideal candidate is intellectually curious, able to translate analytical, regulatory and competitive information into a strategic plan, and can work with both technical and non-technical stakeholders to communicate and implement that plan.
Responsibilities:
Develop, recommend, communicate, and execute product strategies to improve profitability and market share our collector auto product.
Partner with pricing actuaries in the rate review process, and provide direction based on market intel, underwriting input, and product performance to influence pricing proposals.
Monitor the marketplace for emerging opportunities and identify competitor and industrial changes impacting the effectiveness of the current product offers and pricing position.
Work with data modelers and others to evaluate opportunities to create, evaluate, and refine predictive pricing models, and monitor to ensure models are favorably impacting business lines.
Monitor regulatory environment to ensure product compliance.
Deliver effective presentation of product plan changes and product performance.
Perform special projects and other duties as assigned.
Qualifications:
3+ years of experience as a personal auto product manager performing responsibilities outlined above.
Bachelor's degree in mathematics, finance, business or equivalent.
Critical thinker with strong problem solving and decision-making skills.
Proficient communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and influence stakeholders at all levels of the organization.
Proven history of taking initiative and driving projects to completion with minimal guidance.
Ability to function in a fast-paced environment and manage multiple projects simultaneously.
Organized, detail-oriented with strong project management skills.
Proficient in Microsoft Office products, especially Microsoft Excel.
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