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Senior Director II, Umbrella and Flood Products

Employer
Liberty Mutual Insurance
Location
Boston, Massachusetts
Salary
Not Specified
Closing date
Aug 26, 2019

View more

Category
Product Manager
Job Type
Not Specified
Career Level
Not Specified

Job Details

Advance your career at Liberty Mutual Insurance - A Fortune 100 Company!

As the Senior Director, Umbrella & Flood, you will be a key member of the US Personal Lines Specialty Product management team. In this role you will be responsible for establishing the strategic direction of your product lines across all distribution channels and brands. You will be accountable for developing and executing the multi-year business plans to achieve growth aspirations and maintain target profitability. You will have full P&L accountability and be the decision-maker for all pricing, underwriting, and coverage decisions. Leading a team of three, you will be responsible for monitoring, directing, and influencing all aspects of product performance across Marketing, Distribution, Underwriting, and Claims.

The umbrella line has more than $340 million in written premium with significant opportunity for profitable growth. You will shape the future of our liability offerings(s) and influence the purchase experience for the roughly 1 out of 7 auto customers that bundle an umbrella policy. The flood product represents significant opportunity as well, both as an agency partner for the federal program and within our own private offering that is currently in pilot status. You will set the strategic direction of our future offering.

Responsibilities:

  • Develop product strategy and action plan to achieve growth and profit objectives.
  • Collaborate with various functional departments to maximize the effectiveness of programs and drive cross-functional alignment and engagement in initiatives supporting product objectives.
  • Analyze complex reports and work with management team to implement appropriate changes in pricing position, underwriting standards, sales growth, and claims handling.
  • Determine and implement appropriate pricing and program structure to achieve product goals.
  • Design and execute product rate plan and state-level enhancements across jurisdictions.
  • Monitor the market place and identify competitor and industry changes impacting effectiveness or compliance of current and proposed programs.
  • Lead decisions regarding growth strategies through the integration of the marketing, sales, services, underwriting and pricing functions.
  • Build annual product plans and hold direct accountability for financial performance.

Qualifications:

  • Highly developed quantitative analysis, decision making, and project management skills
  • Demonstrated ability to solve complex business problems, consistent with a deep understanding of the strategic direction of the business
  • Strong leadership, written and oral communication, and teamwork skills required
  • An MBA, advanced degree, or equivalent professional experience in areas such as management consulting, strategy, project management, or corporate development.
  • 10+ years progressively responsible work experience required with previous experience in consulting, management, or consumer marketing in insurance or financial services preferred.

Liberty Mutual is an equal opportunity employer. We embrace an environment that is free from all discrimination in the workplace, in its business, or by its vendors. Liberty Mutual values diversity and the differences and similarities of our employees. We foster a diverse and inclusive work environment that leads to better ideas, stronger teams and more innovative products and services for our customers. Learn more

Benefits:

We value your hard work, integrity and commitment to positive change. In return for your service, its our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits

Overview:

At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.

Were dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.

Company

When people have a sense of security, they are free to relax, venture out, and live their lives. This is the feeling Liberty Mutual brings to the world every day. Founded in 1912, we are a global leader in property and casualty insurance, focused on protecting and preserving the lives and dreams of customers in more than 30 countries. With over 50,000 employees throughout the world, we offer you the chance to work for an evolving, growing company with a deep sense of humanity and a commitment to diversity and philanthropy. Join our team and go to work knowing that what you do matters. Because really it does.

 

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