PRODUCT DEVELOPMENT MANAGER

$116,000 - $146,000/Yr

The People Placers - Trenton, NJ

posted about 2 months ago

Full-time - Mid Level
Trenton, NJ

About the position

In this newly created position, the Personal Lines Insurance Product Development Manager will be responsible for making product decisions and recommendations for the assigned Line of Business, overseeing product changes from ideation to implementation. This role is critical to the company's future and the Personal Lines sector, as the successful candidate will drive the business from a product development standpoint. You will be based in our Central New Jersey corporate office and will report directly to the Product Director. Regular collaboration with members of senior leadership and Personal Lines State Managers will be essential to ensure alignment and success in product initiatives. The role requires a proactive approach to identifying, evaluating, and recommending new product opportunities for the assigned lines of business. You will lead the implementation of new products and enhancements to existing products, developing both short and long-term project roadmaps for each product. Staying current on industry developments, trends, and regulatory environments will be crucial to inform product strategies. Additionally, you will develop strong working relationships with various departments, including Actuarial, Underwriting, Claims, Contact Center, BP&A (Finance), Marketing, and Business Process (BPU), to support financial planning and forecasting efforts.

Responsibilities

  • Drive countrywide product growth and profitability for assigned lines of business
  • Proactively identify, evaluate, and recommend new product opportunities for assigned lines of business
  • Lead implementation of new products and enhancements to existing products
  • Develop both short and long-term project roadmaps for each product
  • Stay current on industry developments and trends as well as the regulatory environments
  • Develop strong working relationships with Actuarial, Underwriting, Claims, Contact Center, BP&A (Finance), Marketing, and Business Process (BPU)
  • Provide support for financial planning and forecasting

Requirements

  • Minimum 4-year college degree or equivalent; Mathematics, Statistics, Actuarial, Data Analytics, Economics, Finance, or other quantitative business degree preferred
  • Minimum 5-year work experience in a role such as actuarial or insurance product analytics with increasing responsibilities
  • A minimum of 1 to 2 successful years within a Product Development role within the property and casualty insurance industry
  • Strong data analytics capabilities along with a natural problem-solving curiosity
  • Advanced Excel and database skills; competent in other MS Office software
  • Excellent and effective verbal and written communication and presentation skills
  • Committed to continuously learning, product development or management skills, etc.

Benefits

  • Blue Cross health insurance
  • 401k with a dollar-for-dollar match up to 8% with immediate vesting
  • Tuition assistance program
  • Dental and vision benefits
  • Generous PTO plan
  • Annual incentive opportunity
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