VP Product Management

Coaction Specialty Insurance Group•Morristown, NJ

About The Position

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients. This role involves leading the State Filings and Product Governance teams, partnering with cross-functional stakeholders to oversee the formatting, rule implementation, filing, documentation, tracking, research, and record management of all forms. The position provides strategic guidance on processes related to the development, implementation, and maintenance of forms, ensuring the integrity and accuracy of all product logs, libraries, and documentation repositories. It also involves supervising and supporting research efforts to ensure internal form compliance with applicable regulatory requirements, directing and analyzing research related to competitor filings and market practices, and designing and implementing efficient workflows. The role serves as a key liaison across Compliance, Operations, Product Development, and Actuarial teams to facilitate the seamless implementation of processes on behalf of the Product Development function. Additionally, the VP Product Management partners with the Head of Product to develop and execute initiatives that effectively communicate regulatory changes to Underwriting and IT teams, and identifies, assesses, and addresses compliance issues related to state regulatory requirements and the organization’s implementation of forms and rules. Collaboration with Compliance is key to evaluate and manage the impact of regulatory bulletins and circulars on day-to-day operations. The role also supports State Filings in responding to regulatory objections, including conducting research on competitor filings and prior submissions, maintaining strong relationships with regulators, and developing solutions to address state feedback and concerns.

Requirements

Comprehensive knowledge of ISO and Commercial Lines Property & Casualty coverage
Professional Lines coverage, forms, rates, and rules
Expertise in state filings, including the rates, rules, forms, and answering objections
Experience in targeted competitor searches and analysis
Highly organized, analytical, and detail-oriented
Ability to manage multiple projects in a dynamic environment
Strong interpersonal skills with a collaborative and energetic style are essential
Proactive thinker and performer, with the ability to work independently
Desire to learn and gain exposure to new areas
Minimum 15 years of State Filings/Product Governance experience.
BA/BS required

Nice To Haves

Underwriting, Compliance or IT experience desirable
Management/Leadership experience

Responsibilities

Lead the State Filings and Product Governance teams.
Partner with cross-functional stakeholders to oversee the formatting, rule implementation, filing, documentation, tracking, research, and record management of all forms.
Provide strategic guidance on processes related to the development, implementation, and maintenance of forms.
Ensure the integrity and accuracy of all product logs, libraries, and documentation repositories.
Supervise and support research efforts to ensure internal form compliance with applicable regulatory requirements.
Direct and analyze research related to competitor filings and market practices.
Design and implement efficient workflows to ensure work is appropriately assigned and executed by the right resources.
Serve as a key liaison across Compliance, Operations, Product Development, and Actuarial teams to facilitate the seamless implementation of processes on behalf of the Product Development function.
Partner with the Head of Product to develop and execute initiatives that effectively communicate regulatory changes to Underwriting and IT teams.
Identify, assess, and address compliance issues related to state regulatory requirements and the organization’s implementation of forms and rules.
Collaborate with Compliance to evaluate and manage the impact of regulatory bulletins and circulars on day-to-day operations.
Support State Filings in responding to regulatory objections, including conducting research on competitor filings and prior submissions, maintaining strong relationships with regulators, and developing solutions to address state feedback and concerns.