Product Manager – Commercial or Farm

Hastings Insurance Company•Hastings, MI

11h•Hybrid

About The Position

Hastings Insurance is seeking a Product Manager to join our Product Development team. This role will align to either our Commercial or Farm product team based on background and business needs and play a key part in shaping, managing, and improving these product offerings. You will analyze performance, develop pricing and product strategies, and guide initiatives from concept through implementation while ensuring alignment with regulatory requirements and market conditions.

Requirements

Bachelor’s Degree in Business, Mathematics, Statistics, Insurance, or related field or equivalent experience.
Minimum five years of Property and Casualty insurance experience.
Direct experience in Commercial lines, Farm lines, or both with strong preference for candidates with exposure to both areas.
Background in underwriting, product development, or marketing within P&C insurance.
Strong understanding of pricing, rating structures, and coverage forms.
Experience with product management concepts including rate development and product lifecycle management.
Strong analytical and statistical aptitude.
Clear and effective written and verbal communication skills.
Proficiency with Microsoft Office tools.
Strong organization, collaboration, and problem-solving skills.

Nice To Haves

CPCU or other insurance designations or actuarial coursework preferred.

Responsibilities

Develop strategies for assigned Commercial or Farm product lines across pricing, product design, and underwriting approach.
Identify opportunities to improve profitability and competitiveness through product enhancements and new offerings.
Design and manage product changes from concept through implementation and service delivery.
Analyze product performance using cost and benefit data and recommend actionable improvements.
Coordinate implementation of product revisions across underwriting, claims, IT, and other business areas.
Monitor industry trends and market conditions to identify new opportunities within Commercial or Farm segments.
Ensure timely regulatory compliance including form design and state filings.
Develop formal product proposals including rate indications, coverage comparisons, and rating variable analysis.
Partner with Actuarial to develop pricing strategies and evaluate business impacts.
Lead cross-functional collaboration to gain alignment and approval on product changes.
Oversee communication and training related to product updates for internal and external audiences.
Maintain underwriting guidelines, eligibility rules, and product documentation.
Work with Legal to ensure compliance with applicable laws and regulations.
Prepare and manage rate, rule, and form filings using SERFF.
Respond to regulatory inquiries and objections in partnership with Actuarial.
Define system requirements and oversee implementation of product changes within policy systems.
Validate accuracy of rates, algorithms, and system updates through testing and review.
Serve as a subject matter expert supporting underwriting, claims, and other departments.
Conduct periodic audits and maintain form indexes for assigned product lines.
Participate in cross-functional projects and continuous improvement efforts.