Director, Product Management

AmTrust Financial Services, Inc.•,

3d•$114,700 - $170,000•Hybrid

About The Position

This position will lead the Pricing & Model Strategy team within Product Management focused on Businessowners Policy (BOP) and Commercial Package Policy (CPP). This team develops and executes on strategies to improve the effectiveness of AmTrust’s pricing sophistication on BOP and CPP through the use of advanced predictive models. This role will collaborate closely with Data Science and Actuarial teams and will analyze production and profit data, competitor behaviors, marketplace dynamics, pricing segmentation and UW analytics to identify opportunities to improve future models or make tactical adjustments to current models. Will partner with senior leaders to formulate and execute on product, pricing and underwriting strategies in collaboration with field sales, underwriting, IT, actuarial, and data science business partners. This position is hybrid out of any AmTrust office. 4 days in the office, 1 day work from home.

Requirements

Minimum of 5 years of experience in Personal Lines or Commercial Lines Product (Management or Development), Pricing, Data Science, or Actuarial in a comparable role is required.
Experience working with, and ideally evaluating, predictive models.
Bachelor’s degree preferably in a discipline requiring critical thinking and analytical skills
Analytical & problem-solving skills, including the ability to encourage new ways of looking at problems, processes, and solutions.
Working knowledge of Pricing and Actuarial techniques.
Comfort level with presentation and relationship management skills with an emphasis on customer focus, collaboration and partnering to obtain results
Able to effectively conduct competitor analysis & gain an in-depth understanding of market dynamics including competitor pricing strategies and rate level analysis as well as economic trends & emerging issues in the market.
Solution-oriented individual with ability to think strategically and implement change
Experience pursuing long-term goals while balancing the short-term needs of the organization.
Solid knowledge of Excel and PowerPoint. Moderate knowledge of SQL is required.

Nice To Haves

Masters degree or industry credentials are beneficial.

Responsibilities

Accountable for achieving / exceeding revenue and income targets for assigned lines of business or segments.
Performs ongoing product management and development including deep dive analyses to formulate data and market driven recommendations for improving the effectiveness of current and future pricing models, and other rate and product changes as applicable.
Key contributor to enhancements to existing products and development of new products, including but not limited to pricing strategies, segmentation enhancements, DOI filing implications, ISO adoptions, interactions with UW rules and internal execution.
May lead small team of analysts to evaluate and interpret models and business results, reacting quickly and effectively to growth and profit challenges and opportunities.
Drive a deep understanding of marketplace insights, competitive intelligence, and regulatory issues to inform solutions (product, rate/price, appetite).
Partners with Sales, Underwriting and Operations to meet stated product goals, including by training and advising on the use of advanced pricing models.
Influences, collaborates, and makes recommendations to product leaders and field partners on business strategies. Initiates and drives strategies based on analysis of data and market insights with input from business partners.
Trains, assimilates, and formally manages performance of team members, as applicable.
Presents findings of analysis and partners with leaders to provide strategic overviews to senior management on a routine basis.
Provides guidance to the development of workflow practices across Product Management that reduce redundancy and establish consistency.