Product Manager – Casualty, US Middle Market Workers’ Compensation

AXA•Boston, MA

10d•$107,600 - $209,100•Remote

About The Position

As part of AXA XL Americas, our Middle Market segment serves the needs of mid-sized clients in the Commercial Lines P&C market. The Product Manager Workers’ Compensation is a newly created position, which will sit within the business, and work closely across Underwriting, Product Management, Legal and Regulatory Compliance amongst other groups to help deliver on that growth. This leader will play a key role as an integral member of a dynamic Product Development growth team by creating, advising on, and managing P&C coverage development for this rapidly evolving product suite.

Requirements

Eight or more years of Commercial Property & Casualty insurance experience in the field of legal compliance, regulatory relations, product development, underwriting or underwriting support with a focus on the Casualty Lines of business and the Middle Market segment. Experience with a Workers’ Compensation Independent Bureau or NCCI will also be considered.
Familiarity with the deployment or management of Dividend Plans, Retrospective Rating, and/or Safety Groups
Understanding of how state jurisdiction impacts Workers’ Compensation regulatory structure.
Comprehension of Federal coverages and their impact on policy structure
Minimum education requires a College Degree with relevant experience.
Ability to communicate effectively with others, both verbally and in writing
Team player who takes initiative and is able to work independently
Robust analytical skills
Able to manage time, meet deadlines and adjust to competing priorities
Understanding of the need for accurate and timely management information; effectively manages up and escalates issues that may impact business strategies or operational goals

Nice To Haves

Experience with California and/or the WCIRB of California are a plus.

Responsibilities

Lead and own the product development and implementation of Workers’ Compensation related product solutions to establish AXA XL’s competitiveness and differentiated offerings in the Middle Market space; provide input into appetite and optimal portfolio
Manage multiple related projects in a coordinated manner to achieve strategic objectives and ensure alignment with unit strategy.
Ensure efficient and effective resource management, while balancing stakeholder engagement and risk management for US Middle Market initiatives.
Focus on delivering value and benefits from the program outcomes, while aiming to complete projects on time and within budget.
Provide thought leadership and expertise on policy construction, market standard offerings, and program structures with a primary focus on Workers’ Compensation
Provide subject matter expertise regarding product details such as rates, rules, forms, & compliance
Collaborate effectively with aligned Actuarial support and help drive key strategies around rate filings, pricing strategies, desired portfolio mix and line of business profit improvement strategies
Establish strong working relationships with cross-functional groups including Claims, Compliance, Regulatory, Legal and other functions to engage and collaborate on issues related to the Casualty Lines of business
Work on behalf of Middle Market team and underwriters as liaison on compliance topics, review all regulatory and compliance components of products the business intends to write, and advise on any business strategies that require input from regulatory or compliance
Drive underwriting strategy and risk selection through understanding of the competitive marketplace, preferred risk characteristics, lessons from loss trends, and competitor offerings
Represent AXA XL as a subject matter expert and thought leader at industry conferences enabling the organization to see around corners and stay ahead of industry trends and emerging risks