Commercial Lines Insurance Product Manager

The Commercial Lines Product Manager oversees the development and success of the Commercial Package and Umbrella products by defining, building and implementing vision and strategy, conducting market research, and collaborating with cross-functional teams. This role will report to the Vice President, Product Management. Essential functions of this job are listed below in order of priority. Support the organization in driving responsible and profitable growth across the Commercial Package and Umbrella lines of business. Execute the development and communication of the product vision, strategy, and roadmap. Work effectively with cross-functional teams including, Actuarial, Claims, Underwriting, Finance, Sales/Marketing, and Customer Service, to support state/product initiatives. Lead and develop a team of Actuarial and Business Insights Analysts. Assist in the annual planning process in collaboration with marketing, finance, and operations departments. Promote cross-functional collaboration and involve stakeholders in the decision-making process. Manage CAT exposures for assigned geographies within the company’s corporate CAT strategy. Prepare and present rate changes and/or product recommendations, and business updates to the Executive Leadership Team (ELT) as needed. Proactively identify and evaluate new products and service concepts in collaboration with internal departments. Participate as a member of the business unit's leadership team, supporting the initiatives. Required Qualifications: Bachelor's (Masters preferred) in Mathematics, Economics, Finance, Actuarial Science or related field of Study. CPCU designation preferred, Actuarial experience a plus. 15+ years in the Commercial Lines P&C insurance industry, including a minimum of 5 years of Commercial Package and Umbrella product management experience. Workers’ Compensation and/or Commercial Automobile product management experience is a plus. Proven ability to assess market expansion opportunities across multiple states. Expertise in gathering competitive intelligence, conducting analysis, and providing insights on risk management, rates, and product recommendations. Strong analytical skills, both qualitative and quantitative. Demonstrated ability to analyze growth and profitability opportunities. Experience in leading, motivating, coaching, and developing staff. Job Type: Full-time Pay: $185,000.00 - $215,000.00 per year Benefits: 401(k) 401(k) matching Dental insurance Disability insurance Health insurance Paid time off Parental leave Vision insurance Application Question(s): Can you commute daily to the Princeton/Trenton area? How many years of Actuarial Experience do you have? Experience: Workers' compensation: 5 years (Preferred) Product Managemnt : 5 years (Preferred) Commercial Lines Insurance: 5 years (Preferred) Work Location: In person