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Insurance Product Manager - E&SDenver, Madison, or San Francisco

Insurance Product Manager - E&SDenver, Madison, or San Francisco

MGT InsuranceDenver, CO, US
30+ days ago
Job type
  • Full-time
Job description

Insurance Product Manager - E&S

MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for the brokers and small business owners. By combining the expertise of industry veterans with state-of-the-art technology, we are ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We seek visionary leaders who thrive in dynamic, entrepreneurial settings, and excel in autonomous roles.

Job Summary

The Insurance Product Manager - E&S role reports to the GM of Specialty, and will drive the development and implementation of innovative commercial P&C insurance products, ensuring they meet customer needs and align with regulatory requirements. This role requires strong analytical and strategic skills, and collaborate across a cross-functional team and bring new products to market while also enhancing existing offerings.

Key Responsibilities

Product Development and Innovation

  • Lead the execution of new insurance products from concept to launch, and manage existing products to ensure production and profitability targets are met.
  • Conduct market research and competitive analysis to identify opportunities for product differentiation and innovation.
  • Define and prioritize insurance product requirements, focusing on customer-centric solutions that align with MGT's strategic objectives.

Project Management

  • Manage the end-to-end product development lifecycle, ensuring milestones are met on time.
  • Coordinate with cross-functional teams, including underwriting, actuarial, legal, and IT, to ensure seamless product delivery.
  • Regulatory and Compliance Oversight

  • Ensure all products comply with relevant regulatory and legal requirements, working closely with the compliance team.
  • Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed.
  • Stakeholder Collaboration and Communication

  • Prepare and deliver presentations and reports to communicate product performance, updates, and initiatives.
  • Market Analysis and Customer Insights

  • Analyze customer feedback, competitive landscape, and market trends to improve existing products and identify new product opportunities.
  • Develop customer personas and use cases to ensure products meet the evolving needs of target segments.
  • Qualifications

  • Prior Experience : 5+ years of product development or related industry experience required. 3+ years in an analytical role within the P&C insurance industry is desirable. Experience with ISO forms, rules and rating is preferred. Experience with managing a P&L and loss performance of a product and / or book of business is preferred.
  • Education : Bachelor's degree in Business, Math, Economics, Risk Management, Finance, Insurance or related field required. Related industry coursework and certifications are a plus.
  • Necessary Knowledge and Abilities

  • Entrepreneurial mindset and ownership mentality
  • Exceptionally strong quantitative, analytical, and problem-solving skills with a propensity to take things apart and see how they work. Strong underwriting and risk management acumen.
  • Excellent verbal and written communication skills, along with interpersonal and influencing skills (at all levels internally, externally, and cross-functionally)
  • Self-directed and self-motivated with a demonstrated strength in planning, organizing and project management. Proficient with MS Office tools, including Excel, Word, PowerPoint and Access.
  • Familiarity with statistical report packages is a plus. Examples may include : Tableau, SAS VA, and Power BI.
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    Manager Insurance • Denver, CO, US

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