Job Overview
The Product Development Manager is responsible for supporting the design, enhancement, and ongoing management of the company’s personal auto, homeowners, and umbrella products across the company’s operating footprint. This newly created position is accountable for evaluating product performance, analyzing market trends, and identifying opportunities to improve product competitiveness and profitability. The role is also responsible for conducting research, developing recommendations, and collaborating with actuarial, underwriting, claims, compliance, IT, and other business areas to implement product changes and strategic initiatives. In addition, the position ensures alignment with regulatory requirements and organizational objectives, contributing to product strategy and supporting the company’s growth and performance goals.
Essential Duties and Responsibilities: Essential functions of this job are listed below in order of priority. Reasonable accommodations may be made to enable individuals to perform the essential duties. Regular and predictable onsite attendance is an essential function of the job.
Lead the creation & recommendation of new & existing product enhancements for assigned lines of business. Develop short & long-term project roadmaps for each product assigned. Work with key stakeholders to ensure alignment of product goals & objectives. Present recommendation for approval to senior leadership, up to and potentially including the Executive Leadership Team.
Proactively identify, evaluate, and recommend new product opportunities for assigned lines of business. Conduct comprehensive competitor research and other market solutions. Apply the analytical rigor model to determine best solution to successfully solve consumer pain points.
Oversee the successful execution of assigned product enhancements. Work closely with the SOG and PMO teams ensuring a timely implementation. Collaborate and provide support & guidance across Personal Lines in communicating changes to policyholders and staff.
Required Qualifications: Knowledge, skills & abilities, experience, minimum & desired education, certification and/or license requirements.
- Minimum 4‑year college degree or equivalent
- Minimum 3–5 years of experience in insurance product development, product management, actuarial, or analytics, with increasing responsibilities
- Strong analytical abilities and natural curiosity for solving complex business challenges
- Advanced Excel and database skills; proficiency with MS Office suite
- Commitment to continuous learning, including product best practices and emerging technologies
- Excellent verbal, written, and presentation skills, with the ability to communicate effectively across all levels of the organization
Preferred Qualifications:
- College degree in Business, Data Analytics, Economics, Insurance, or related field
Pay: $200,000.00 - $225,000.00 per year
Benefits:
- 401(k) 8% Match
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Vision insurance
Education:
Experience:
- Personal Lines Insurance: 5 years (Preferred)
- Insurance Product Management : 3 years (Preferred)
- Market Trend Analysis : 5 years (Preferred)
- Insurance Carrier : 3 years (Preferred)
Work Location: In person
