Director, Product Management

Overview

This position is hybrid out of any AmTrust office. 3 days in office 2 days work from home.

This position will develop and execute on strategies to influence the profit and growth of the Small Commercial, Commercial Auto line of business. The role will focus on enabling and analyzing production and profit data, competitor behaviors, third party data, and UW analytics to monitor and understand core drivers of business. Will partner with senior leaders to formulate and execute on product, pricing and underwriting strategies in collaborations with field sales, underwriting, actuarial business partners.

Responsibilities

• Accountable for achieving / exceeding revenue and income targets for the Commercial Auto line of business.
• Performs ongoing product management and development including deep dive analyses to formulate data and market driven recommendations for product, rule, rate, or underwriting changes.
• Key contributor to enhancements of existing products and development of new products, including but not limited pricing strategies, segmentation enhancements, 3rrd party data implementations, DOI filing implications, ISO interactions, interactions with UW rules and internal execution.
• Responsible for product enhancement and future initiatives from ideation to implementation and ability to be a change liaison with IT and Compliance.
• Engage business partners to ensure alignment with enterprise strategies and consistency in strategy and execution.
• Provide expert level guidance and insight on product and underwriting strategies.
• Develop and implement monitoring standards to assess business results such as profitability analysis, mix management, rule analysis, initiative post-monitoring, claims trends, etc. to understand root cause and recommend corrective actions.
• Drive a deep understanding of marketplace insights, competitive intelligence, and regulatory issues to inform solutions (product, rate/price, appetite, terms and conditions).
• Influences, collaborates, and makes recommendations to product leaders and field partners on business strategies. Initiates and drives strategies based on analysis of data and market insights with input from business partners.
• Presents findings of analysis and partners with leaders to provide strategic overviews to senior management on a routine basis.
• Provides guidance to the development of workflow practices across Product Management that reduce redundancy and establish consistency.

Qualifications

Required:

• Strong working knowledge of the Property and Casualty Insurance industry, and the Commercial Auto line of business.
• Experience with ISO rating and form structure, highly preferred.
• Expert understanding of exposure management, pricing strategies, and interactions with UW rules.
• Minimum of 5 years of experience in Personal Lines or Commercial Lines Product (Management or Development), Pricing and/or Underwriting in a comparable role is required.
• Bachelor's degree preferably in a discipline requiring critical thinking and analytical skills.

• Masters degree preferred.
• Analytical & problem-solving skills, including the ability to encourage new ways of looking at problems, processes, and solutions.
• The candidate should be adept at multi-tasking and able to apply critical thinking to complex problems.

• Working knowledge of Pricing and Actuarial techniques.
• Comfort level with presentation and and relationship management skills with an emphasis on customer focus, collaboration and partnering to obtain results.
• Able to effectively conduct competitor analysis & gain an in depth understanding of market dynamics including competitor underwriting initiatives, rate level analysis, forms analysis as well as economic trends & emerging issues in the market.
• Solution-oriented individual with ability to think strategically and implement change.
• Experience pursuing long-term goals while balancing the short-term needs of the organization.
• Solid knowledge of Excel and Powerpoint.

#LI-MM1

#LI-HYBRID

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.