AD Product Development

The Hartford • Hartford, CT

11d • $107,600 - $161,400 • Hybrid

About The Position

Reporting to the E&S Director of Liability Product Development, the E&S Liability Product Specialist will assist with the management of the Liability Line of Business (LOB) product suite (General Liability and Excess Liability) for our E&S Binding unit. This critical business role supports the overall growth and profitability of the Liability LOBs via product development, forms maintenance, underwriting guidelines, and product pricing.

Requirements

• Minimum: 4-year degree and 4 plus years of Commercial Lines experience.
• Self-driven, team-oriented, competitive individual
• Demonstrated, regular usage of Co-Pilot with a “continuous improvement” growth mindset to advance AI effectiveness in role.
• Advanced usage of Microsoft Office products, including Excel, PowerPoint; SharePoint experience a plus.
• Strong verbal and written communication skills across internal and external stakeholders, customers, and partners.
• Demonstrated critical thinking on complex business problems
• Strong organizational and time management skills
• Ability to balance strategic thinking with tactical execution
• Cross-functional team experience with ability to form strong partnerships, influence, and effectively collaborate & manage shared services in the support of the E&S Liability LOBs.
• Proven ability to design and implement solutions to complex problems using both subjective input and data & analytics.

Nice To Haves

• Previous underwriting team management experience is a plus
• Insurance designations
• Underwriting experience
• 2 plus years of prior, relevant work experience including E&S or Small Business with liability product, pricing, and/or coverage.

Responsibilities

• Support of Liability product suite offering (General Liability & Excess Liability), which includes terms & conditions; underwriting guidelines; form development & maintenance; pricing & rate management; analysis of market & competitive intel.
• Support of Liability product suite growth, which includes sales & marketing; appetite expansion; mix management; exploring market opportunities; and analysis of new business flow metrics.
• Support of Liability product suite profit, which includes analysis of claim frequency, severity & large losses; jurisdictional litigiousness; rate indications; class and territory profitability.
• Participation in Liability line OCUO meetings to ensure that enterprise-wide liability product requirements are being met (i.e. standardized form usage across entire organization).
• Develop deep understanding of common industries underwritten in the E&S Binding space, including Contractors, Habitational, and Real Estate (Lessors Risk Only) and drive meaningful product changes within these industries that are aligned with goals and objectives.
• Continued development of risk exposure and control analysis skills.
• Management of existing Programs, including identification and build-out of new program offerings.
• Strong collaboration, partnership and communication with core E&S Binding team functions (Sales & Underwriting, Product Management, Property Product Development, Digital Marketing) to ensure coordinated and effective product changes that maximize growth and profitability of Liability lines.
• Relationship management / engagement, coordination, and cross-functional collaboration with all E&S partner shared service organizations to understand actions that will influence outcomes including IT, Quality, Actuarial, Claims, Legal & Compliance, Marketing and Service Operations (Audit and Underwriter Assistants).
• Leveraging partner liability product organizations (Small Business Product, Global Specialty, M&LB) for understanding best practices and identifying product offering differences.
• Support new product implementation, including design, build, governance and monitoring with accountability for defining requirements for IT.
• Submitting, managing, coordinating, and communicating full list of product enhancement and defect requests.
• Performance reporting analysis, as needed.
• Support competitive intelligence collection and dissemination to determine how our product compares to peers in the market (including recognizing market cycle shifts) and propose changes accordingly.

Benefits

• The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level