Product Manager - Residential

Munich Re Careers•Batavia Township, OH

1d•Hybrid

About The Position

American Modern Insurance Group, Inc., a Munich Re company, is a specialty insurance leader providing products and services for residential property and the recreational market. We offer specialty product solutions that cover unique risks. We write admitted products in all 50 states and have a premium volume of $2.2 billion. Headquartered in Amelia, Ohio, we are part of Munich Re’s Global Specialty Insurance division. Our employees have opportunities to grow their careers in a flexible environment. The Product Manager is responsible for managing the profit and loss of their assigned line of business and supporting the AVP of Product in achieving strategic and financial goals. This role oversees and coordinates all aspects of the product, ensuring alignment with company goals, values, and strategies. The Product Manager serves as the day-to-day driver of product initiatives—defining, prioritizing, and executing enhancements across pricing, underwriting, and product development. Through cross-functional collaboration, they ensure initiatives are delivered on time, aligned with strategic intent, and grounded in operational and financial realities.

Requirements

Strong analytical abilities including understanding of advanced mathematics and statistical concepts
Strong command of Excel and MS Office Suite applications
General understanding of Pricing Segmentation, State Regulations, Reinsurance, Policy Contract Language, Product Management and Underwriting
Proven ability to lead, innovate and make decisions in order to foster and develop more advanced techniques as appropriate for the functional area.
Experience in Property & Casualty Insurance Product Development/Management; preferably in personal lines with a specialization American Modern product suite.
Demonstrated leadership ability.
Lead projects, demonstrate successful P&L management.
4+ Years Experience in Property & Casualty Insurance Product Development/Management; preferably in personal lines with a specialization American Modern product suite.
Excellent problem solving and decision making skills are required.

Nice To Haves

MBA or similar advanced degree
CPCU and/or FCAS
AINS

Responsibilities

Manage the end-to-end delivery of products to agents, markets, and consumers, ensuring quality, compliance, and alignment with strategic goals.
Translate line of business (LOB) strategies into actionable product requirements and enhancements.
Plan and lead state-level product reviews, including determining and approving rate needs to maintain profitability.
Serve as the primary contact and key communicator with Sales (including RVPs and Territory Sales Managers), Actuarial, Underwriting, Marketing, and other stakeholders to gain alignment on product decisions.
Interpret and implement national product direction within assigned states or lines of business.
Collaborate with Underwriting to define and maintain underwriting guidelines and risk appetite by state.
Coordinate cross-functionally with Actuarial, IT, Compliance, and Operations to execute new product launches, filings, and ongoing updates.
Maintain and prioritize the product backlog, manage feature timelines, and ensure delivery through partnership with Deployment and Configuration teams.
Participate in business readiness planning and support go-to-market strategies for product rollouts.
Ensure adherence to all regulatory and compliance standards, including documentation and audit preparedness.
Conduct or support DOI complaints, Market Conduct research, premium waiver management, and state survey responses.
Provide specific product and system knowledge throughout the quote, issuance, and endorsement process.
Participate in market research and competitive analysis to inform innovation and continuous product improvement.
Support development of internal and external product communications and training materials.

Benefits

Two options for your health insurance plan (PPO or High Deductible)
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
Prescription drug coverage (included in your health insurance plan)
Short and Long Term Disability coverage
Vision and dental insurance plans
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
A hybrid environment that gives you a choice in where and how you get work done
A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
An on-site complimentary workout facility as well as walking trails on campus grounds
On-site wellness center complete with nurse practitioner
Financial assistance for adoptions and infertility treatment
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
Free parking
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community