Insurance Product Development Manager - Commercial Lines

AIG Insurance • Philadelphia, PA

1d • Onsite

About The Position

Join us as a Product Development Manager to make more of your specialist expertise and experience. Make your mark in AIG PROGRAMS. PRODUCT DEVELOPMENT MANAGER The Product Development Manager position is responsible for managing the tasks and processes associated with the product development, filing submission/approval and implementation of new or revised products (rates/rules/forms) for use within the Programs Division. How you will create an impact Maintain product and filings knowledge and ownership of assigned products/programs. Assist Underwriting and Program Development in the analysis, development and documentation of products (rates/rules/forms) with a focused responsibility for rate/rule page manuals development and complex forms drafting. Coordinate product review with various stakeholders (Program Managers, Product Line Officers, Actuarial, Claims, Compliance, Systems, Program Administrator, etc.) and drive to conclusion the Legal review and approval process for forms/endorsements. Assist in the development and implementation of product and filings strategy. Handle all coordination aspects of the state filings submission process serving as a liaison between AIG Programs staff and the AIG State Filings Department. Responsible for the accurate completion of all required filing related transmission documentation. Coordinate the response to State Insurance Department objections on state filings with input from Program Managers, Product Line Officers, Program Administrator, Actuarial and Legal. Direct AIG State Filings Department personnel on responding. Provide product support for market conduct inquiries. Coordinate state filing product approvals to include notification to Program Administrators, Underwriting and AIG Systems/Operations for implementation. Provide related system programming specifications to align with product/filing intent. Conduct research on competitor products and state filings and periodically monitor for market changes. Analyze and compare product offerings and provide related guidance on Program development and expansion opportunities. Provide support and corresponding organizational control to the manuscript endorsement request/development process. In addition to any product drafting/review efforts required, provide regulatory guidance on acceptability and maintain manuscript forms library and inventory/tracking sheet in shared environment. Participate in coordination meetings with other business units and support areas of AIG to ensure that the administration, state filing and system implementation activities of AIG Programs are in sync with the rest of the organization. Maintain a library of finalized product for reference. Develop and maintain SOPs to reflect various aspects of the product filing and implementation processes..

Requirements

• 7+ years of relevant experience in insurance industry.
• Experience in Commercial Lines property/casualty insurance products.
• Experience in ISO Commercial Lines products, package policy structure, admitted and non-admitted products, and Programs business.
• Bachelor’s degree and insurance designations (CPCU, AU, ARM, etc.) preferred, will consider applicable insurance experience in lieu of degree.
• Proficiency in Microsoft Office applications – Word, Excel, PowerPoint, etc.
• Strong research skills, including use of AM Best State Filings, RateFilings.com, SERFF, etc.
• Effective oral and written communication skills.
• Excellent organizational and project management skills.

Responsibilities

• Maintain product and filings knowledge and ownership of assigned products/programs.
• Assist Underwriting and Program Development in the analysis, development and documentation of products (rates/rules/forms) with a focused responsibility for rate/rule page manuals development and complex forms drafting.
• Coordinate product review with various stakeholders (Program Managers, Product Line Officers, Actuarial, Claims, Compliance, Systems, Program Administrator, etc.) and drive to conclusion the Legal review and approval process for forms/endorsements.
• Assist in the development and implementation of product and filings strategy.
• Handle all coordination aspects of the state filings submission process serving as a liaison between AIG Programs staff and the AIG State Filings Department.
• Responsible for the accurate completion of all required filing related transmission documentation.
• Coordinate the response to State Insurance Department objections on state filings with input from Program Managers, Product Line Officers, Program Administrator, Actuarial and Legal.
• Direct AIG State Filings Department personnel on responding.
• Provide product support for market conduct inquiries.
• Coordinate state filing product approvals to include notification to Program Administrators, Underwriting and AIG Systems/Operations for implementation.
• Provide related system programming specifications to align with product/filing intent.
• Conduct research on competitor products and state filings and periodically monitor for market changes.
• Analyze and compare product offerings and provide related guidance on Program development and expansion opportunities.
• Provide support and corresponding organizational control to the manuscript endorsement request/development process.
• In addition to any product drafting/review efforts required, provide regulatory guidance on acceptability and maintain manuscript forms library and inventory/tracking sheet in shared environment.
• Participate in coordination meetings with other business units and support areas of AIG to ensure that the administration, state filing and system implementation activities of AIG Programs are in sync with the rest of the organization.
• Maintain a library of finalized product for reference.
• Develop and maintain SOPs to reflect various aspects of the product filing and implementation processes.

Benefits

• At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees