Note: The job is a remote job and is open to candidates in USA. UFG Insurance is seeking an AVP of Product Management to lead their product management function. This role involves overseeing the development and lifecycle management of insurance products while collaborating with senior leadership to drive growth and deliver innovative solutions.
Responsibilities
- Lead the development and execution of product strategies that support business growth, profitability, and competitive positioning
- Oversee the product lifecycle, including ideation, design, regulatory filings, launch and ongoing management
- Conduct research on commercial products and markets to help make policy and practice decisions
- Collaborate cross-functionally with Underwriting, Finance, Legal, Compliance, IT, Field Enablement, Underwriting Support and other business areas to ensure product initiatives are aligned and effectively executed
- Create consistency by state/product to support speed to market
- Validate and confirm effective technology implementation of rate changes and other enhancements
- Determine project priorities and workflow standards for the product management teams
- Monitor and manage performance measures to ensure effectiveness and accuracy of the department's implementation and delivery of new products and product enhancements
- Function as an expert on internal and external factors that influence product line results
- Build and maintain strong relationships with internal and external stakeholders, including regulatory bodies
- Manage and development a team of product analysts and filing analysts, providing guidance, coaching and performance feedback
- Oversee the hiring, training and professional development of team members to ensure a high degree of competency, professionalism, and execution
- Ensure effective collaboration with business analysts – either as direct reports or as key partners in the building of requirements and UAT – to deliver high-quality product solutions
- Monitor team workloads and adjust assignments to meet deadlines and service standards
- Serve as a subject matter expert on product management processes, regulatory requirements, and market trends
- Act as a go to resource for product related issues and decisions
Skills
- Bachelor's degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or other related fields
- 8+ years of property and casualty underwriting, product management experience
- 4+ years of product management and management experience
- Demonstrated leadership skills with the ability to motivate, develop, and manage a high performing team
- Advanced knowledge of ISO and NCCI commercial insurance products, markets, and regulatory environment
- Excellent analytical skills with the ability to interpret data, identify trends, and make informed recommendations
- Strong communication skills, both written and verbal, with the ability to convey complex information clearly and concisely
- High emotional intelligence and the ability to lead by example
- Proven ability to collaborate effectively across functions and with external partners
- In-depth knowledge of analytical tools, expert level knowledge of core business functions, underwriting policies and best practices, performance measurement techniques, and systems required
- Strong problem-solving and decision-making skills
- Excellent project management skills necessary
- Proficiency in product management methodologies and process improvement
- MBA or similar post-graduate degree
- Insurance licenses or designations such as AU, CPCU and/or ARM
- Experience with commercial lines is strongly preferred
- Familiarity with related commercial insurance functions such as underwriting, premium audit, and marketing
Benefits
- Annual incentive compensation
- Medical, dental, vision & life insurance
- Accident, critical illness & short-term disability insurance
- Retirement plans with employer contributions
- Generous time-off program
- Programs designed to support the employee well-being and financial security
- Performance-based incentives
- Long-term incentive plans
- Participation in executive benefit programs
Company Overview
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