CL Product Management - Product Manager (Hybrid or Remote)

Hanover Insurance Group, Inc.•Itasca, IL

41d•Hybrid

About The Position

Our Commercial Lines Product Management team is seeking an innovative, collaborative, and proactive Specialty Product Manager to join a high-performing group of dedicated professionals. In this role, you'll have the opportunity to drive product strategy, influence market positioning, and deliver solutions that make a real impact for our customers and partners. If you thrive in a fast-paced environment, enjoy solving complex challenges, and want to be part of a team that values creativity and results, this is your chance to make your mark. At The Hanover, we believe that diverse perspectives drive innovation and success. That's why we're committed to creating an inclusive, equitable workplace where every professional can thrive. We know the modern world demands flexibility, and we're reimagining how work gets done. This role offers the freedom to choose what works best for you-whether that's a hybrid schedule or being fully remote. Ideally, you'll be located near one of our Hanover offices, with occasional travel to a local office as needed. If you're looking for a career that values your individuality, supports your growth, and gives you the flexibility to balance life and work, we'd love to have you on our team. We believe that diverse perspectives make us stronger, and we encourage all qualified candidates to apply. POSITION OVERVIEW: Our Commercial Lines Product Management Organization is seeking a Specialty Product Manager who provides leadership, support, guidance, and expertise to facilitate the development, maintenance, and implementation of product development in Commercial Lines. This Product Manager role will specialize in the Management Liability Executives lines, focusing on Financial Institutions (including Asset Managers, Investment Advisors, and Banks - Private and Public). The Product Manager supports the strategic operations as well as the overall profitability, growth, and retention of their assigned product line by delivering industry leading, market competitive product offerings. This role supports key strategic functions pertaining to the assigned line of business, including strategic product development and support, market research and analysis, and product maintenance, delivery, and compliance. The Product Manager will work collaboratively with others on matters related to product, underwriting and compliance, including but not limited to: Business Units, Claim, Legal, Corporate Underwriting, Actuarial, IT and Compliance.

Requirements

Bachelor's degree or equivalent experience
3-5 years of Specialty insurance experience with working knowledge and experience in product; or any combination of education and experience, which would provide an equivalent background.
Demonstrates thorough understanding of business insurance products, contracts, forms, coverage, and regulatory environment.
Advanced leadership skills, innovation skills, initiating skills, organization, and time management skills.
Excellent oral and technical writing communication skills as well as attention to detail.
Advanced ability to comprehend and communicate intent of product strategies, underwriting strategies, and inter-relationships with coverage.
Strong ability to influence strategic decisions that support corporate goals.
Superior interpersonal skills which align with Hanover's CARE values.

Responsibilities

Lead the development, design and maintenance of Executive Lines coverage forms and associated rules across an assigned line of business for both admitted and non-admitted use.
Monitor and analyze regulatory and judicial environment to remain compliant in writing states. Conduct and monitor market research and competitive analysis efforts for the assigned product and line of business.
Work collaboratively with Business Units and Corporate Underwriting to establish and support line strategies within Business Insurance.
Develop filing strategies and manage State Department of Insurance objections and inquiries, as necessary.

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