Manager, PL Product Development
About The Position
The Product Development Manager is responsible for supporting the design, enhancement, and ongoing management of NJM’s personal auto, homeowners, and umbrella products across the company’s operating footprint. This newly created position is accountable for evaluating product performance, analyzing market trends, and identifying opportunities to improve product competitiveness and profitability. The role is also responsible for conducting research, developing recommendations, and collaborating with actuarial, underwriting, claims, compliance, IT, and other business areas to implement product changes and strategic initiatives. In addition, the position ensures alignment with regulatory requirements and organizational objectives, contributing to product strategy and supporting NJM’s growth and performance goals.
Requirements
- Minimum 4‑year college degree or equivalent
- Minimum 3–5 years of experience in insurance product development, product management, actuarial, or analytics, with increasing responsibilities
- Strong analytical abilities and natural curiosity for solving complex business challenges
- Advanced Excel and database skills; proficiency with MS Office suite
- Commitment to continuous learning, including product best practices and emerging technologies
- Excellent verbal, written, and presentation skills, with the ability to communicate effectively across all levels of the organization
Nice To Haves
- College degree in Business, Data Analytics, Economics, Insurance, or related field
Responsibilities
- Lead the creation & recommendation of new & existing product enhancements for assigned lines of business.
- Develop short & long-term project roadmaps for each product assigned.
- Work with key stakeholders to ensure alignment of product goals & objectives.
- Present recommendation for approval to senior leadership, up to and potentially including the Executive Leadership Team.
- Proactively identify, evaluate, and recommend new product opportunities for assigned lines of business.
- Conduct comprehensive competitor research and other market solutions.
- Apply the analytical rigor model to determine best solution to successfully solve consumer pain points.
- Oversee the successful execution of assigned product enhancements.
- Work closely with the SOG and PMO teams ensuring a timely implementation.
- Collaborate and provide support & guidance across Personal Lines in communicating changes to policyholders and staff.
Benefits
- Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave.
- Employees may also be eligible for discretionary bonuses.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
501-1,000 employees
