Associate Product Manager, Commercial Lines

ICW Group

2d • $105,780 - $189,348 • Remote

About The Position

Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our journey as we strive to transform the insurance carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible. Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for ten consecutive years as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our internal and external communities better everyday! Learn more about why you want to be here! PURPOSE OF THE JOB The purpose of the Associate Product Manager position is to partner with key stakeholders to help establish the strategic direction of an insurance product line across all distribution channels and brands. The position is responsible for monitoring and influencing product performance to achieve Company revenue and performance targets.

Requirements

• Bachelor's degree from a college or university required with a major or emphasis in Business, Computer Science, Math, or related field.
• Minimum of 3 years of experience in insurance product management or related field required.
• Insurance industry knowledge or demonstrated work experience required.
• Highly developed quantitative analysis, decision making, and project management skills.
• Demonstrated ability to solve complex business problems, consistent with a deep understanding of the strategic direction of the business.
• Strong leadership, written and oral communication, and teamwork skills required.
• Strong organizational skills.
• Ability to hold effective meetings, including setting agendas and attendees, time management, and documentation of meeting outcomes.

Nice To Haves

• Exposure to industry recognized product management curriculum, or demonstrated experience preferred.
• Experience managing complex, large-scale, high risk product development projects preferred.
• Knowledge of actuarial practice area is a plus.
• Extensive knowledge of the insurance industry, commercial lines a plus.
• Chartered Property Casualty Underwriter (CPCU) preferred.
• Resourcefulness to research industry topics and develop proficient knowledge of internal systems and constraints to aid in managing individual state compliance.

Responsibilities

• Proactively assesses market risks and opportunities, evaluating multiple possible solutions, and leveraging data-based insights to influence the decisions of leadership.
• Owns inputs to bi-annual premium and exposure projections supporting financial budgeting and pro-forma processes and understands projection framework.
• Collaborates with other functional departments to coordinate timelines for delivery, maximize the effectiveness of programs, direct implementation of product strategies, and drive cross-functional alignment and engagement for initiatives supporting product objectives.
• Develops and maintains templates to perform competitive research and deliver competitive analyses.
• Performs data analyses concerning loss patterns, market forces, risk distributions, and agency management to evaluate the success of current strategies to either modify or create new strategies targeting production, product pricing, underwriting, contract changes, or agency changes.
• Assesses the impact of changes on the in-force book, new business production, and agency force.
• Drives initiatives for strategic product development.
• Applies business content knowledge in identifying priorities and executing strategic product initiatives to achieve business objectives.
• Partners with Actuarial team to determine and implement appropriate pricing and program structure to achieve product goals, and design and execute product rate plan and state level enhancements across jurisdictions ensuring all changes are communicated to field services, operations, underwriting, marketing, and system technology teams.
• Partners with Underwriting team to facilitate changes to processes or systems, or respond to questions, and ensuring communication to affected parties.
• Analyzes the performance of existing products and assists with the creation of business cases for the development of changes to existing products or development of new products.
• Organizes and structures product definitions to ensure efficiencies in downstream reporting processes.
• Assists with the implementation of underwriting guideline changes.
• Collaborates with strategic planning groups to incorporate enterprise class system solutions supporting the future product roadmap.
• Acts as subject matter expert in the maintenance of current products, filed product changes, and design and delivery of new products in development.
• Collaborates with Enterprise Marketing, Legal, Compliance, Underwriting, and Actuarial Departments to manage the implementation of all ratemaking bureau rules, forms and coverage changes, including coordination with the rate filing analyst.
• Keeps abreast of distribution channel needs through involvement in agency facing initiatives, and regular reporting on direct to market strategies available in the industry.
• Participates in validation and testing of features prior to end user acceptance.
• Develops knowledge of ratemaking bureau underwriting manuals and company exception rules and maintain knowledge of any changes.
• Documents and memorializes changes.
• Assists with researching issues or concerns around underwriting rules, including historical company filings in independent ratemaking bureaus to confirm adherence and direct changes.
• Maintains knowledge of rules, regulations, nuances in states of operation and engage with product line underwriting unit(s) to invoke needed changes or identify training in support of a self-sustaining culture.
• Collaborate with Underwriting and Legal to ensure insurance policy provisions comply with state law.
• Partners with Compliance Department to identify and close any gaps in rules, respond to changes in rules, and remediate across systems, processes, reporting.
• Participates in regulatory approval of filings, market conduct exams, and internal responses to any state filing objections to facilitate modifications.

Benefits

• Challenging work and the ability to make a difference
• You will have a voice and feel a sense of belonging
• We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
• Bonus potential for all positions
• Paid Time Off
• Paid holidays throughout the calendar year
• Want to continue learning? We’ll support you 100%

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level