Job Purpose: Responsible for the overall profitability and growth of non-standard private passenger automobile products; by adapting the standard product design to conform to state requirements and market conditions; defines eligibility and underwriting rules; participates in setting adequate rates, and establishes a retention strategy within this context.

Essential Job Results:

% of Time

Results Expected and Duties Performed

20

Drive the successful development of new products and the effective management and enhancement of existing products by making recommendations regarding product design, pricing, underwriting, agency management, distribution, claims, and other processes.

20

Lead a team to evaluate goals for production and underwriting profitability for potential new markets by analyzing premium rates, loss experience, and retention.

10

In conjunction with corporate and regional marketing departments, develop state profit and growth strategies and translate business ideas and market opportunities into new product ideas by researching and maintaining awareness of all major competitors current market positions (i.e. rates, service levels, financial positions and operating strategies), business directions, financial dynamics, and new technologies.

10

Ensure regulatory compliance by researching and maintaining awareness of existing state and federal statutes, as well as new legislation; includes state filings, licensing, consumer complaint resolution, assessments; market conduct examinations, audits, and DMV report.

10

Ensure accuracy and completeness of all state filings (including rates, forms, and underwriting guidelines) in order to obtain approval from the Department of Insurance by working with regional product managers and actuarial staff to respond to the Department of Insurance for filings and other interactions.

10

Identify key levers and priorities for large amounts of information by applying critical thinking skills to the analysis of internal and external data.

10

Communicate and coordinate key profit metrics by coordinating with the IT department to ensure proper implementation of rate revisions, new products, new product features, and other initiatives; develop working relationships with Accounting, Actuarial, Claims, Customer Service and IT.

10

Provide guidance to the regional product managers and actuarial analysts, helping to further their professional development by serving as a consultant (within the department and with other departments) on matters related to product management.

Qualifications:

Education: Bachelors degree, with preference given to Math, Statistics, Finance or a related field.

Experience: Experience Leading a team doing Product Analysis, Product Development and Marketing for Auto Insurance products required; at least 3-5 years of experience leading a product management team. Prior Actuary experience or actively taking exams is strongly preferred; strong analytical skills; ability to balance quantitative analysis with competitor behaviors with the marketplace; excellent analytical or quantitative aptitude; strong problem solving skills

Skills and Abilities: Excellent verbal and written communication skills; ability to gather, extract, monitor, format and understand information and express ideas effectively at all levels of the organization; strong analytical skills; excellent organizational skills; ability to balance quantitative analysis with competitor behaviors with the marketplace; excellent project management skills; excellent analytical or quantitative aptitude; strong problem solving skills; MS Office skills with proficiency in Excel, Access and Word, including pivot tables.