PMA Companies

Reporting to the VP Product Management, the Product Manager is responsible for the stewardship of the commercial property, commercial inland marine and commercial crime lines of business.. Develop catastrophe management strategies and monitor aggregate exposures. Coordinate with Segment leadership and Finance to ensure that appropriate reinsurance protection is provided. Additional experience managing the inland marine and crime lines of business preferred. 5 years of experience underwriting property, inland marine and crime

product manager

Reporting to the VP Product Management, the Product Manager is responsible for the stewardship of the commercial property, commercial inland marine and commercial crime lines of business. Successful stewardship includes serving as the organization's foremost expert on all first-party matters, ensuring regulatory compliance and sharing responsibility for the profitability and growth of each line of business. Responsibilities also include providing technical support for other Old Republic entities writing first-party coverage.ResponsibilitiesLeadership:Direct and develop Product Specialists within Product Management and Development (PMD) Cultivate a positive and collaborative relationship with colleagues throughout the organization Assist the Insurance Segments with achieving profitability and growth objectivesLine Of Business ExpertiseEnsure that all coverage forms, rates, rules and rating plans are competitive, produce an underwriting profit and comply with regulatory requirements Respond to internal inquiries regarding first-party products, including coverage interpretation, policy construction, rating plans and technical guidelines Develop proprietary coverage forms, rates, rules and rating plans that offer the greatest return on investment Create and maintain technical reference materials Develop and implement a training curriculum in conjunction with the Corporate Training Specialist, Segments and other PMD staff Develop and implement quality assurance processes in conjunction with the Segments and other PMD staff Assist Corporate Marketing with the development of point-of-sale materials that illustrate the benefits of PMA first-party products Assist with responses to market conduct exams, filings, bureau criticisms, and data calls Assist with overseeing the accuracy of the policy administration systemPortfolio ManagementShare accountability for the profitability and growth of the first-party lines of business Monitor and analyze PMA and industry gross written premiums, profits and evolving loss exposures Assist in the exploration of market opportunities Assist the VP PMD, Segment leadership and regional leadership with the development, adjustment and implementation of strategies, underwriting and pricing guidelines, underwriting and pricing tools, underwriting authority letters, and portfolio composition to achieve Segment profitability and growth objectives Develop catastrophe management strategies and monitor aggregate exposures Coordinate with Segment leadership and Finance to ensure that appropriate reinsurance protection is providedDemonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.Requirements5 years of product management experience managing the property line of business Additional experience managing the inland marine and crime lines of business preferred 5 years of experience underwriting property, inland marine and crime Exceptional understanding of ISO policy forms and rating plans, and state regulatory requirements Experience developing coverage forms, rates and rules, and securing regulatory approval Experience with products designed for the middle market and group programs Experience developing technical reference materials Experience training underwriters Effective research and analytical skills, with the ability to translate findings into recommendations and decisions Strong desire to work collaboratively and foster a team-oriented environment Superb organizational skills with the ability to manage multiple priorities Ability to confidently interact with people at all levels of an organization, internally and externally Excellent written and verbal communication skills Ability to travel for business purposes Bachelor's degree Prior management experience preferred#J-18808-Ljbffr

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