Job Description
About the Company
Our client is a well-established national insurance carrier known for its innovative products, financial stability, and customer-first approach. They are seeking a Director of Product Development to lead the design, enhancement, and execution of new and existing insurance products that drive growth and profitability across multiple lines of business.
Compensation:
- $150,000 - $170,000/year base salary plus annual performance bonus.
- Comprehensive health, dental, and vision coverage.
- 401(k) with company match and profit-sharing plan.
- Generous PTO and remote work flexibility.
Responsibilities:
- Lead the strategic development and management of insurance products across assigned lines of business.
- Conduct competitive and market analysis to identify opportunities for new products or enhancements.
- Partner with underwriting and actuarial teams on pricing strategies, profitability analysis, and risk assessment.
- Ensure product filings meet regulatory and compliance requirements in all jurisdictions.
- Oversee the product development roadmap and manage projects from concept to rollout.
- Monitor product performance, analyzing trends to optimize pricing, coverage, and profitability.
- Collaborate with marketing and distribution teams to support sales growth and product adoption.
- Manage and mentor a team of product analysts and managers to support development initiatives.
Requirements:
- Bachelor’s degree required; MBA or advanced degree preferred.
- 8+ years of experience in insurance product management or product development (P&C preferred).
- Strong understanding of product design, pricing, underwriting, and regulatory processes.
- Proven success developing and launching insurance products in a carrier environment.
- Exceptional communication, leadership, and project management skills.
- Demonstrated ability to work cross-functionally and drive strategic initiatives.
Disclaimer: Please note that this job description may not cover all duties, responsibilities, or aspects of the role, and it is subject to modification at the employer's discretion.
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