Product Development Manager

Accredited Insurance•New York, NY

1d•Hybrid

About The Position

The Product Development Manager leads the design, implementation, oversight, and organization of insurance products. The role ensures products are strategically positioned, developed with appropriate regulatory input, and aligned with underwriting objectives. It combines technical insurance expertise with regulatory awareness and requires collaboration across underwriting, actuarial, claims, compliance, operations, and technology teams. The position reports to the Chief Underwriting Officer and works closely with Compliance and Regulatory Affairs on product development, implementation, and regulatory filings. The manager leads the development, enhancement, and implementation of insurance products and program offerings across multiple commercial and personal lines, on both admitted and surplus lines bases. The role supports product filings and implementation, maintains the corporate forms library, oversees onboarding of new programs, and manages assigned products throughout their lifecycle. It also partners with internal stakeholders and external Program Administrators to address claims insights, regulatory developments, product performance, and market conditions. The position supports product modernization and operational improvements by identifying opportunities to use technology, automation, and process enhancements. It facilitates cross-functional communication to promote consistent understanding and application of product features, coverage intent, underwriting requirements, product standards, and market positioning. The position requires working a hybrid schedule in the New York office.

Requirements

Bachelor’s degree in business, risk/insurance, actuarial science, finance, or a related field, or equivalent experience.
At least 7 years of experience in commercial property and casualty product management, product development, or related insurance roles.
Experience in multi-line commercial and personal property and casualty insurance.
Strong knowledge of the insurance product lifecycle, ISO/AAIS forms and rules, and state filing processes.
Demonstrated ability to manage multiple projects, coordinate cross-functional teams, and deliver results in a fast-paced environment.
Excellent communication, organizational, and analytical skills.
Ability to work a hybrid schedule in the New York office.

Nice To Haves

Familiarity with actuarial modeling, rating plan design, and loss ratio analysis.
Professional designations such as CPCU, ARM, AU, or actuarial credentials.
Familiarity with product development considerations related to state regulatory filings and approval processes.
Background in compliance, regulatory advisory, or legal aspects of insurance.
Technical expertise with rating engines, policy administration systems, and regulatory tracking tools.

Responsibilities

Lead and collaborate with Underwriting, Actuarial, Compliance, and external Program Administrators to develop, enhance, and implement products and program offerings across commercial and personal lines on admitted and surplus lines bases.
Review and analyze ISO/AAIS circulars, bureau updates, and regulatory bulletins; evaluate business and operational impacts and coordinate required product, form, rule, rating, and system changes with Compliance and Regulatory Affairs.
Draft policy forms, endorsements, applications, underwriting guidelines, eligibility rules, rating methodologies, and product documentation for Compliance and Regulatory review and regulatory filings, as applicable.
Partner with Underwriting and Claims to identify and evaluate emerging claim trends, coverage issues, policy interpretation concerns, disputes, and operational challenges.
Translate claims experience and lessons learned into product improvements, including updates to forms, endorsements, definitions, exclusions, conditions, and other coverage language.
Coordinate with Claims, Underwriting, Legal, Compliance, and other stakeholders to ensure policy wording changes address identified issues and support regulatory compliance, underwriting intent, and product strategy.
Develop, assemble, and maintain admitted product materials for regulatory filings, including forms, endorsements, applications, rates, rules, manuals, state-specific variations, filing support documentation, and implementation requirements; coordinate with Compliance to facilitate filings and approvals.
Maintain governance of the corporate forms library, including version control, regulatory approval information, jurisdictional applicability, effective dates, approval workflows, documentation standards, and accessibility.
Oversee onboarding of new programs, ensuring forms and requirements are documented and implemented.
Manage the lifecycle of assigned products by evaluating performance, profitability, regulatory developments communicated by Compliance, and market conditions; recommend product enhancements and updates as appropriate.
Review communications from Compliance about state and federal regulatory developments, assess potential product impacts, and recommend or implement product-related changes.
Partner with the Compliance Filings Team on responses to regulatory questions, objections, and other inquiries related to pending product, rate, rule, and form filings, coordinating necessary revisions.
Coordinate and implement product modifications and process improvements identified with Compliance and Regulatory Affairs to address applicable legal and regulatory requirements.
Collaborate with Underwriting, Reinsurance, and other stakeholders to develop competitive and commercially viable products that meet regulatory requirements and align with underwriting appetite, reinsurance requirements, and business strategy.
Support product modernization and operational improvement initiatives by identifying and leveraging technology, automation, and process enhancements to improve product development, implementation, maintenance, and speed to market.
Facilitate cross-functional communication and knowledge-sharing to promote consistent understanding and application of product features, coverage intent, underwriting requirements, product standards, and market positioning.