Product Development Manager

WCF Insurance • Sandy, UT

20d • Hybrid

About The Position

The Product Development department is looking for someone who can demonstrate the WCF values to join their team as a Product Development Manager. The product development team specifically works on commercial insurance lines such as property, liability, and umbrella. This is an exempt position that reports to the VP, Product Development. This position is open to internal candidates. The person in this position works out of the WCF's Sandy, Utah headquarters or one of the regional offices located in Roseville, CA; Boise, ID; or Denver, CO. Hybrid (office/home) option is available.

Requirements

• Bachelor's degree required; CPCU designation preferred.
• At least five years of Workers Compensation product management, product development, or underwriting experience.
• Deep understanding of commercial property and liability coverage forms, endorsements, manuals, and pricing structures.
• Ability to comprehend, draft, and communicate intent of contract language as well as interpret inter-relationships of coverages across contracts.
• Ability to comprehend, create and communicate intent of insurance rating algorithms and other pricing structures.
• Experience with rate, form, rule regulatory filings.
• Outstanding presentation, communication, and interpersonal skills
• Excellent analytical and problem-solving skills.
• Works well under deadlines in a changing environment with capability to perform multiple tasks effectively.
• An internal candidate should have six months in their current position, acceptable job performance, and must notify their current supervisor that they have applied for the position.

Nice To Haves

• CPCU designation preferred.
• Ability to hire at the Senior Product Development Manager Level depending on experience.

Responsibilities

• Establish product line strategy in collaboration with those responsible for complimentary lines of business.
• Implement of product enhancements including rating algorithm, policy language, back-end system, and front-end system changes.
• Serve as a product line expert, maintain a thorough knowledge of product features and benefits, and provide product expertise to various internal and external audiences.
• Conduct research and analysis on legal issues, competitor products, market needs, and emerging issues to ensure competitiveness and legal compliance.
• Lead product analysts aiming for high morale and technical competency.
• Manage rate, form, rule regulatory filings and maintain good working relationships with regulators.
• Communicate product changes to other departments and assist with product training.
• Design and maintain procedure and product documentation.
• Create and maintain strong, positive working relationships with other departments.

Benefits

• Medical, Dental, and Vision insurance, company paid life insurance, 401K with a generous 6% employer match and additional benefits such as an Employee Assistance Program (EAP) and time off to volunteer in the local community. All employees earn 4 weeks of vacation in their first year.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager