Insurance Product Development Manager - Commercial Lines

About the position

The Product Development Manager position is responsible for managing the tasks and processes associated with the product development, filing submission/approval and implementation of new or revised products (rates/rules/forms) for use within the Programs Division. This role involves maintaining product and filings knowledge and ownership of assigned products/programs, assisting Underwriting and Program Development in the analysis, development and documentation of products, and coordinating product reviews with various stakeholders. The manager will also handle all coordination aspects of the state filings submission process and provide product support for market conduct inquiries.

Responsibilities

• Maintain product and filings knowledge and ownership of assigned products/programs.
• Assist Underwriting and Program Development in the analysis, development and documentation of products (rates/rules/forms).
• Coordinate product review with various stakeholders and drive to conclusion the Legal review and approval process for forms/endorsements.
• Assist in the development and implementation of product and filings strategy.
• Handle all coordination aspects of the state filings submission process serving as a liaison between AIG Programs staff and the AIG State Filings Department.
• Responsible for the accurate completion of all required filing related transmission documentation.
• Coordinate the response to State Insurance Department objections on state filings.
• Provide product support for market conduct inquiries.
• Coordinate state filing product approvals and notify relevant parties for implementation.
• Conduct research on competitor products and state filings.
• Analyze and compare product offerings and provide guidance on Program development and expansion opportunities.
• Maintain manuscript forms library and inventory/tracking sheet in shared environment.
• Participate in coordination meetings with other business units to ensure alignment.
• Develop and maintain SOPs to reflect various aspects of the product filing and implementation processes.

Requirements

• 7+ years of relevant experience in insurance industry.
• Experience in Commercial Lines property/casualty insurance products.
• Experience in ISO Commercial Lines products, package policy structure, admitted and non-admitted products, and Programs business.
• Bachelor’s degree and insurance designations (CPCU, AU, ARM, etc.) preferred.
• Proficiency in Microsoft Office applications – Word, Excel, PowerPoint, etc.
• Strong research skills, including use of AM Best State Filings, RateFilings.com, SERFF, etc.
• Effective oral and written communication skills.
• Excellent organizational and project management skills.

Benefits

• Base salary range for Jersey City, NJ: $99,000-$143,000.
• Base salary range for NYC: $105,000-$148,000.
• Eligible for a bonus in accordance with the terms of the applicable incentive plan.
• Comprehensive benefits package focused on health, wellbeing, financial security, and professional development.