Senior Product Development Manager

Wcf Mutual Insurance Company - Sandy, UT

Full-time - Mid Level

Sandy, UT

Funds, Trusts, and Other Financial Vehicles

About the position

WCF Mutual Insurance Company is seeking a Senior Product Development Manager to join their product team. This role is crucial for establishing product line strategies, implementing product enhancements, and serving as a product line expert. The position offers a hybrid or remote work option and is based in Sandy, Utah, with opportunities in regional offices. The ideal candidate will have a strong background in insurance product management and a commitment to the company's values.

Responsibilities

• Establish product line strategy in collaboration with those responsible for complimentary lines of business.
• Direct implementation of product enhancements including rating algorithm, policy language, back-end system, and front-end system changes.
• Serve as a product line expert, maintain a thorough knowledge of product features and benefits, and provide product expertise to various internal and external audiences.
• Conduct research and analysis on legal issues, competitor products, market needs, and emerging issues to ensure competitiveness and legal compliance.
• Lead product analysts and managers aiming for high morale and technical competency.
• Manage rate, form, rule regulatory filings and maintain good working relationships with regulators.
• Communicate product changes to other departments and assist with product training.
• Design and maintain procedure and product documentation.
• Coordinate or provide guidance on the quality assurance and process improvement efforts.
• Prepare/present various reports/publication over product features and issues.
• Create and maintain strong, positive working relationships with other departments.

Requirements

• Bachelor's degree required; Master's degree and/or CPCU designation preferred.
• At least six years of insurance product management, product development, or underwriting experience.
• Deep understanding of commercial property and liability coverage forms, endorsements, manuals, and pricing structures.
• Ability to comprehend, draft, and communicate intent of contract language as well as interpret inter-relationships of coverages across contracts.
• Ability to comprehend, create and communicate intent of insurance rating algorithms and other pricing structures.
• Experience with rate, form, rule regulatory filings.
• Outstanding presentation, communication, and interpersonal skills.
• Three years or more of supervisory or people management experience preferred.
• Excellent analytical and problem-solving skills.
• Works well under deadlines in a changing environment with capability to perform multiple tasks effectively.

Nice-to-haves

• Master's degree
• CPCU designation
• Three years or more of supervisory or people management experience

Benefits

• Medical, Dental, and Vision insurance
• Company paid life insurance
• 401K with a generous 6% employer match
• Employee Assistance Program
• Time off to volunteer
• 4 weeks of vacation in the first year