Product Development Manager

Product Development Manager

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property / casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best. Philadelphia Insurance Companies is looking to add a Product Development Manager to join our Compliance team.

Summary The Product Development Manager will be responsible for the coordination and completion of new and existing insurance product development projects for Property, General Liability, Auto, Inland Marine, Crime, Farm, Businessowners and Professional Liability. This role involves overseeing staff, conducting market research, collaborating with cross-functional teams, and ensuring that products are competitive, compliant, and aligned with company goals. A typical day will include the following :

• Works with functional leaders in Actuarial, IT, Stat, Underwriting and Claims throughout the product development cycle.
• Responsible for the end-to-end product development process including the execution and implementation of product enhancements and new products / programs.
• Prioritizes Product Development projects.
• Manages the product development staff by assigning projects and overseeing work efforts.
• Coordinates with other functional areas of the Compliance Department on regulatory matters that impact company independent forms and rules.
• Develops the talent and expertise of the product development specialists.
• Ensures products meet regulatory requirements and adhere to internal company standards.

Qualifications Bachelor's degree or an equivalent of 10 years of Product Development experience in the P&C industry. Five years Commercial and Professional Underwriting Experience, or strong understanding of P&C insurance products, underwriting principles and market trends Management experience required. Knowledge of ISO forms, rates and rules, including knowledge of bureau filings, adoption activities, and system development. Familiarity with and an ability to interpret rules and regulations outlined in compliance and commercial lines bulletins.

National Range : $109,400.00 - $122,300.00 Ultimate salary offered will be based on factors such as applicant experience and geographic location.

EEO Statement : Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and / or any other status protected by law.

Benefits : We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.