Product Manager, Commercial Lines
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, installation, and implementation of product development in our Excess & Surplus Casualty Lines.
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, 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 Unit leaders, Claims, Legal, Corporate Underwriting, Actuarial, IT and Compliance.
IN THIS ROLE, YOU WILL :
- Lead the development, design, and maintenance of Excess & Surplus Lines Casualty coverage forms and associated rules for non-admitted use.
- Monitor, analyze, and ensure adherence to non-admitted operating rules as regulated by state surplus lines offices. Monitor market research and analyze the competitive landscape as able.
Work collaboratively with Business Units and Corporate Underwriting to establish and support line strategies.
WHAT YOU NEED TO APPLY :
- Bachelor’s degree required.
- 3-5 years of Casualty insurance experience with working knowledge and experience in developing and maintaining non-admitted product forms and rules;
or any combination of education and experience, which would provide an equivalent background.
- Demonstrates thorough understanding of business insurance products, contracts, forms, and coverage.
- Demonstrates an understanding of the non-admitted industry segment as regulated by state surplus lines offices.
- Demonstrates 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 different coverage parts.
Strong ability to influence strategic decisions that support corporate goals.
Superior interpersonal skills which align with Hanover’s CARE values.
CAREER DEVELOPMENT :
It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled.
Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you at every level to grow and develop.
BENEFITS :
We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.
Benefits include :
- Medical, dental, vision, life, and disability insurance
- 401K with a company match
- Tuition reimbursement
- Company paid holidays
- Flexible work arrangements
- Cultural Awareness Day in support of IDE
- On-site medical / wellness center (Worcester only)