Product Development Manager, Commercial Insurance

MGT InsuranceMadison, WI
$160,000 - $205,000

About The Position

The Product Development Manager, Commercial Insurance will play a key role in developing, enhancing, and managing MGT’s commercial P&C products. This role leads new product development, manages coverage and form updates, supports regulatory filings, and develops underwriting guidelines. You’ll work cross-functionally with underwriting, claims, actuarial, compliance, distribution, and engineering to bring products from concept to market and continuously improve performance. This is an opportunity for an experienced underwriting or product professional who combines strong technical expertise with business judgment and is comfortable operating as a senior individual contributor in a dynamic environment.

Requirements

  • ~8–12 years in underwriting, product development, or commercial P&C coverage
  • Experience developing products, forms, or pricing approaches
  • Familiarity with regulatory filings and compliance processes
  • Strong market analysis and competitive intelligence skills
  • Bachelor’s degree in Business, Risk Management, Finance, or related field
  • Strong commercial P&C underwriting and coverage knowledge
  • Analytical and problem-solving skills with attention to detail
  • Clear communication and ability to influence across teams
  • Highly organized with the ability to manage multiple priorities
  • Proficiency in MS Office; Tableau or Power BI experience

Nice To Haves

  • Experience influencing product strategy or portfolio performance is a plus
  • CPCU, ARM, AU, or similar designations are a plus
  • Tableau or Power BI experience is a plus

Responsibilities

  • Lead the design and launch of new commercial products, forms, and coverages
  • Manage the lifecycle of existing products to ensure competitiveness and profitability
  • Develop underwriting guidelines, eligibility criteria, and coverage specifications
  • Partner on product strategy, prioritization, and roadmap planning
  • Draft and maintain forms, endorsements, and coverage language
  • Support pricing and rating updates with actuarial
  • Contribute to state filings, including documentation and regulator responses
  • Drive product initiatives from concept through implementation and post-launch monitoring
  • Translate product requirements for system configuration
  • Partner with underwriting, claims, and distribution to align product design with business needs
  • Collaborate with compliance, legal, actuarial, and engineering to ensure accuracy and scalability
  • Ensure compliance with jurisdictional requirements
  • Monitor legislative and industry changes impacting products
  • Analyze performance, loss trends, and competitive positioning to drive improvements
  • Present insights, recommendations, and product updates to stakeholders
  • Develop product documentation, training materials, and internal communications
  • Serve as a subject matter expert on coverage intent and product design

Benefits

  • MGT offers a comprehensive benefits package, including health, dental, vision, and retirement plans.
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