Note: The job is a remote job and is open to candidates in USA. reputed company is a leading provider in the insurance sector, and they are seeking a Commercial Product Manager for their Workers Compensation Product. The role involves managing product performance, conducting market analysis, and implementing strategies to improve profitability and customer experience.
Responsibilities
• Oversee development of specific strategies related to price, product and underwriting. Execute and deliver product initiatives that lead to profitability and growth
• Collaborate with subject matter experts and other company leaders to implement changes that enhance the customer experience
• Research the competition to develop opportunity and threat assessments
• Lead with a continuous improvement approach
• Develop and maintain strong technical expertise and knowledge within the product management team
• Oversee research and insights gathering and analysis including competitive intelligence, customer empathy, strong understanding of pricing models and analysis, and innovation methodology working closely with product development teams
• Ensure overall compliance and financial viability
• Identify and develop expansion strategy in partnership with appropriate distribution partners to increase exposure of product to appropriate new markets in partnership with product development team members
• Lead line analysis as needed as prioritized by line lead to inform line performance, strategy and line level initiatives
• Primary contact with Product Development within assigned LOB
• Develop Line Initiatives
• Own line product guides and UW guidelines
• Develop Line Communications as directed from Sr. Manager - Product
• Complete analysis for line business reviews
• Complete line P&G initiative analysis
• Primary contact with claims for Work Comp line of business
• Primary contact with UW support teams for Work Comp
Skills
• Insurance Product Management experience is required!
• Demonstrated experience providing customer-driven solutions, support, or service
• Demonstrated experience developing insurance product/line of business strategies
• Extensive knowledge of leveraging customer, market, and competitor intelligence
• Extensive knowledge and experience with lean innovation, agile or other development/innovation approaches
• Extensive knowledge of market research and marketplace and regulatory trends
• Extensive knowledge and understanding of product design, pricing and product management
• Solid knowledge and understanding of advanced financial and data analysis techniques
• Demonstrated experience leading projects in product development and product management
• Demonstrated experience with profit and loss accountability
• Previous workers compensation experience in the insurance industry is strongly desired
Benefits
• Relocation support is offered for eligible candidates.
• We provide benefits that support your physical, emotional, and financial wellbeing.
• You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health.
• We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees).
• In addition, our student loan repayment program and paid-family leave are available to support our employees and their families.
Company Overview
• For more than 90 years, reputed company has built its reputation on sound principles. It was founded in 2013, and is headquartered in Madison, Wisconsin, USA, with a workforce of 10001+ employees. Its website is http://amfamventures.com/.
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