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Associate Product Manager

Employer
Canal Insurance Company
Location
Greenville, South Carolina (US)
Salary
Negotiable
Closing date
Aug 19, 2022

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Category
Product Manager
Job Type
Full Time
Career Level
Manager

Job Details

About Canal Insurance

Canal Insurance Company specializes in insurance for commercial trucking and specialty transportation operations. Canal was founded in 1939 and is located in Greenville, South Carolina. At Canal, we recognize that our success would not be possible without the hard work and dedication of our employees. We know that happiness and productivity go hand in hand, and to that end, we consciously cultivate a culture that enables us to recruit and retain the very best talent in the business.

A Culture With YOU in Mind

  • Located in beautiful downtown Greenville, SC
  • Career growth & advancement opportunities
  • Comprehensive benefits package
  • Employee referral program
  • Casual dress code
  • Innovation-focused & customer-centric
  • 80+ years of industry expertise
  • Committed to giving back to our community
  • Unquestioned integrity and commitment

Benefits at Canal

  • Basic & Voluntary Life Insurance Plans
  • Medical, Dental, & Vision
  • Short Term & Long Term Disability
  • 401(k) plan with company match up to 6%
  • Flexible Spending Accounts
  • Employee Assistance Programs
  • Generous PTO Plan

Associate Product Manager

The Associate Product Manager position is responsible for demonstrating product management skills for assigned business units, states and/or product lines. Be able to develop a clear vision of execution for profitability and growth, while providing analytical support and analysis for various departments in the company and to all levels of management.

Major Accountabilities:

  1. Lead product development, product maintenance, state rate revisions, and pricing support for all assigned commercial auto products.
  2. Collaborates across business lines and departments to identify and execute opportunities to advance product initiatives through competitor analysis, cost-benefit analysis, and state review processes.
  3. Develops and communicates actions plans around state rate review and deployment to achieve annual objections established by senior management and ensures alignment with long-term strategic plans
  4. Serve as a liaison involving our Policy system and other rating systems related functions, providing knowledge and feedback to best enable the platform(s) to meet company initiatives. 
  5. Research and propose to Underwriting Management a quarterly analysis of rating variables, factors and other underwriting considerations on a statewide level to maximize profitability and meet market needs.
  6. Lead the submission of rate and rule filings, including amending the rating manual, handling objections from the DOI and coordinating the implementation of the updated rates with the necessary departments.
  7. Monitor pertinent insurance publications and ISO filings to determine impact on business lines or product.
  8. Consistently seek to provide additional, pertinent points of analysis in addition to conceptualizing ways to streamline and improve upon existing business processes.
  9. Act as liaison with Finance, App Dev, BI, Program Management, Claims, Actuarial and other departments to validate data integrity through policy systems and other rating systems related functions, providing knowledges ad feedback to best enable the platform(s) to meet company initiatives.
  10. Perform other duties as assigned by Management. 

Qualifications:

Education/Training Requirements:  Bachelor’s Degree required with concentrations in Mathematics, Economics, Risk and Insurance, Business or related field of study preferred.

Experience/Specialized Skills:  Minimum of 4 years in Property Casualty insurance or related experience, Minimum of 2 years of leadership and management experience. Strong analytical skills to analyze and interpret quantitative and qualitative data to draw conclusions and make recommendations based on that data. Highly organized with the ability to express ideas effectively in individual and group situations.  Advanced computer skills strongly desired (word processing, spreadsheets, databases, etc.) required.

Special Considerations:

Physical Requirements: Constant use of vision, hearing, and communication (oral and written/in-person and via telephone).  Frequent concentration, standing, walking, handling, reaching, and grasping.  Heavy use of computer and office equipment.

 Travel/Hours of Service: Occasional travel may be required.  Periodic work outside of standard business hours or on weekends may be required.

Company

Canal Insurance has been dedicated to serving truckers from its early beginnings. In 1933, William R. Timmons established an insurance agency, which specialized in truck insurance. For nine years, the Wm R. Timmons Agency labored to place long haul business with responsible insurers. But mortality among the companies was alarming. In eight years, four major companies failed. During that time, Bill Timmons and T.J. Mims, who joined the agency in 1938 and would later become President of Canal, watched diligently for warning signs and moved their client's business before each collapse. When these Insurance company failures became more than an inconvenience to Timmons and Mims, a plan was conceived to acquire a company to underwrite the agency's growing book of truck business. Meanwhile, Canal Insurance was founded in 1939 in Columbia, South Carolina to insure automobiles financed by Canal's banking parent and in 1942, Timmons acquired the virtually inactive insurer, moved it to Greenville, South Carolina, and began to underwrite commercial trucking operations. Today, over seventy years later, we are still dedicated to commercial auto, which accounts for over 85% of Canal's written premiums. Originally licensed in one state with $17.5 thousand in surplus, Canal is now licensed in 46 states with over $400 million in policyholder surplus. Rated A- by A.M. Best, Canal Insurance Company continues to grow through the knowledge and commitment of our employees and the independent insurance agents who represent us.

Company info
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