Product Manager, Professional Lines

Palomar

3h•$112,000 - $163,000•Remote

About The Position

The Product Manager is responsible for overseeing the bottom-line profit and loss primarily for the Professional liability lines in conjunction with other key stakeholders. The Product Manager develops action plans that support strategic direction for these products. You will actively participate in the analysis, development, maintenance, and implementation of products and programs, including pricing, procedures, research, and policy forms to support Product Management leadership with the continued development of profitable growth. You will work closely with key stakeholders to support growth and profitability through the entire product lifecycle.

Requirements

Bachelor’s Degree in Actuarial Science, Business Management, Economics, Finance, Mathematics, or another analytics related field
Minimum 5-7 years of relevant professional experience including previous working experience as a Product Manager or Jr/Asst Product Manager in Property and Casualty Insurance.
Experience working with Commercial professional liability products required.
Solid understanding of regulatory filings and actuarial pricing/ratemaking techniques
Strong understanding of insurance rates, rules and forms
Strong problem solving, communication, and analytical skills
Outstanding written/verbal communication, presentation.
Highly organized, detail oriented, self-motivated, and be a self-starter in a fast-paced environment with demanding internal and external deadlines
Excellent time management skills, with strong ability to juggle multiple priorities
Proven ability to deliver quality results in a rigorous and dynamic business environment.
Proficient in MS Excel.

Nice To Haves

Prior experience managing direct support staff preferred. Exhibits management and leadership skills.
Power BI experience preferred.
SQL or other programming experience with databases preferred.

Responsibilities

Analyze, evaluate, and develop recommendations and conclusions to influence profitability for multiple professional liability products in multiple states
Execute and help design monitoring plans for new products and changes to existing products
Ensure overall goals for production and underwriting profitability are met by analyzing key performance metrics such as premium growth, average rate levels, loss experience, and retention
Initiate product strategies based on analysis of data with input from internal stakeholders, i.e. Actuarial, Claims, Marketing, Underwriting, etc.
Understanding of the property and casualty insurance industry landscape, market trends, and customer and business need to synthesize insights into key product improvements and deliverables
Work closely with Business Analysts to ensure proper execution of business requirements for assigned product lines, including new product launches, rate changes, and product enhancements
Coach, develop, and mentor Product Analysts. May have direct people management responsibility.
Demonstrate accuracy, thoroughness, and attention to detail at all times; look for ways to improve and promote quality; apply feedback to improve performance; monitor own work to ensure quality.
Display original thinking and creativity while meeting challenges with resourcefulness; generate suggestions for improving work; utilize innovative approaches and ideas
Exhibit excellent communication skills and build strong relationships. Presents ideas and information in a manner that gets others' attention.
Pursue training and development opportunities; strive to continuously build knowledge and skills; share expertise with others.
Volunteer readily and undertake self-development activities; seek increased responsibilities and take ownership of tasks at hand; take independent actions and calculated risks; take advantage of opportunities but asks for and offers help when needed.