Manager, Commercial Lines Product Management and Corporate Underwriting

Frankenmuth Insurance Company

About The Position

Under limited supervision and with significant independent judgment, the Manager oversees the staff and operations of Commercial Lines Product Management and Corporate Underwriting, collaborating with the Director to achieve business goals. The role directs product and underwriting functions, including profit and loss, and develops and executes strategies that support profitable growth, regulatory compliance, effective products, and operational consistency. The Manager also leads employees in a major organizational business unit, contributes to company planning and management activities, and may sponsor corporate projects. A minimum requirement is the ability to work legally in the United States; visa sponsorship or support is not available, including for a U.S. permanent residency process.

Requirements

Master’s degree or equivalent, or six to ten years of related experience and/or training, or an equivalent combination of education and experience.
Ability to work legally in the United States.
Visa sponsorship or support is not available for this position, including for any U.S. permanent residency process.

Nice To Haves

CPCU designation preferred.

Responsibilities

Provide oversight and direction, with the Director, for the Commercial Lines Product Management and Corporate Underwriting teams and manage product and underwriting functions, including profit and loss.
Collaborate with Profit Centers to develop line-of-business and segment strategies, goals, and metrics, and measure performance against corporate goals.
Set state strategies for line-of-business and industry growth with Profit Centers, using line-of-business, industry, and BRM reviews to optimize profit.
Establish underwriting authority and execute underwriting excellence to drive profitable growth.
Create a framework for underwriting performance objectives through quality reviews.
Develop underwriting and pricing guidelines, risk appetite, and eligibility criteria based on specialized expertise; arrange facultative reinsurance and motor carrier filings when needed.
Assess the market and competitive landscape and translate findings into sustainable product and service offerings that meet customer needs.
Ensure product and underwriting compliance with applicable regulations, facilitate rule, rate, and form changes, and communicate with regulatory agency representatives.
Monitor industry product development and trends; develop and present recommendations for product modifications or new products.
Analyze and report product performance to key stakeholders.
Coordinate with the actuarial function on product pricing, predictive analytics, and technical price.
Build IT business specifications for product, pricing, underwriting, and process changes that support profitability, growth, compliance, consistency, and efficiency.
Assist in developing marketing and training materials for new products and risk appetite, and develop and deliver job-skills training to address staff needs and skill gaps.
Collaborate on developing and communicating the unit’s vision and strategic and operational plans.
Organize and manage resources to achieve business results; train, coach, and lead staff.
Oversee and conduct performance management, including performance planning, appraisals, and subordinate development.
Recommend and implement employment actions, including hiring, termination, corrective action, promotions, demotions, and salary changes.
Represent Commercial Lines Product Management and Underwriting on the company management team and in planning and operational activities.
Provide input to functional strategic and operational plans, including product design and development and agency commission structures.
Participate in the Corporate Planning Team when requested, contributing to company strategic and operational plans.
Serve as a Business or Technical Sponsor on corporate projects when assigned.
Perform other duties as assigned.