Product Manager- Commercial Lines (remote opportunity)

Grange Insurance

Columbus Ohio

United States

Advertising / Marketing / Public Relations
(No Timezone Provided)

Job Details

Description

Summary: This position is responsible for strategically positioning Grange’s products and services for Property lines to meet customer and agent needs, build company revenues, and drive differentiation.

What You’ll Be Doing:

  • With full accountability for product profit and loss, develop and implement business plans to maximize Commercial Lines’ profit and growth across the Property, Crime, Inland Marine, and Equipment Breakdown lines of business.
  • Research, develop, and make recommendations to UW, Claims, and Sales regarding new/revised products and coverages.
  • Lead, motivate, and enable a team of professionals to accomplish business objectives. This includes indirect reports within Commercial Lines and any personnel in supporting departments (e.g., marketing, claims, information technology) who can impact/influence business results.
  • Establish and implement business strategy including: product development, pricing, and implementation processes; underwriting guidelines; portfolio mix planning and results; development of product contracts, forms and endorsements; expense control (including commissions) and fee generation.
  • Work closely with project managers and product analysts on such things as insurance department filings, project charters, project plans, rate reviews, bureau circulars, and more.
  • Lead the Commercial Lines compliance function for property product lines ensuring that products & rates follow all applicable statutes & regulations.
  • Conduct market analysis on new competitors and find new market opportunities
  • Provide product training to associates and present in key stakeholder meetings
  • Enhance the large property underwriting expertise of the underwriting department through proper application of the Lloyd’s excess scale, Probable Maximum Loss (PML) analysis, understanding fire divisions, sprinkler adequacy and combustibility/flammability across classes in conjunction with the variability created across construction types. Utilization of proper forms and endorsements to manage risk is key.
  • Oversee CAT strategy management and work closely with Enterprise Risk Management.
  • Leverage new technology tools like Betterview to enhance the property underwriting experience
  • Help lead the development of a new Monoline Inland Marine Unit.

    • What You’ll Bring To The Company:

    Bachelor’s degree preferred with advanced degree and/or professional designation (e.g. CPCU) strongly preferred. One or more years of product management profit and loss responsibility strongly desired with an emphasis on property lines of business or equivalent experience. Multiple years of commercial underwriting experience strongly desired including mid-market and large property experience. Must have superior problem solving and analytical skills with proven ability to make data-driven decisions. Must have ability to develop and lead a highly collaborative and team-oriented environment. Ability to develop and execute a business strategy/vision required. We are open to hybrid or fully remote candidates.

    About Us:

    Grange Insurance Company, with $3 billion in assets and more than $1.3 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. Life insurance offered by Grange Life Insurance and Kansas City Life Insurance. Grange Insurance Company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin.

    Who We Are:

    We are committed to an inclusive work environment where we welcome and value diversity and inclusion. We hire great talent from a wide variety of backgrounds, and our associates are our biggest strength. The diversity of our associates, their backgrounds, experiences, and individual differences are the foundation for our success. Our inclusive culture empowers all of us to “Be One Team”, “Deliver Excellence”, “Communicate Openly”, “Do the Right Thing”, and “Solve Creatively for Tomorrow”. We have active Associate Resource Groups and a Diversity and Inclusion Team, that focuses on professional development, networking, business value and community outreach; all which encourage and facilitate an environment that fosters learning, innovation, and growth. Together we use our individual experiences to learn from one another and grow as professionals and as humans. 

    We welcome the unique contributions that you bring from education, opinions, culture, beliefs, race, color, religion, age, sex, national origin, handicap, disability, sexual orientation, gender stereotyping, gender identity or expression, genetic information, ancestry, pregnancy, veteran status, and citizenship.

    Grange Enterprise is proud to be part of the CEO Action for Diversity and Inclusion™, a national initiative of more than 1400 CEOs working for the advancement of diversity and inclusion within the workplace.

    Qualifications

    Skills

    Behaviors

    :

    Motivations

    :

    Education

    Experience

    Licenses & Certifications

    Product Manager- Commercial Lines (remote opportunity)

    Grange Insurance

    Columbus Ohio

    United States

    Advertising / Marketing / Public Relations

    (No Timezone Provided)

    Job Details

    Description

    Summary: This position is responsible for strategically positioning Grange’s products and services for Property lines to meet customer and agent needs, build company revenues, and drive differentiation.

    What You’ll Be Doing:

  • With full accountability for product profit and loss, develop and implement business plans to maximize Commercial Lines’ profit and growth across the Property, Crime, Inland Marine, and Equipment Breakdown lines of business.
  • Research, develop, and make recommendations to UW, Claims, and Sales regarding new/revised products and coverages.
  • Lead, motivate, and enable a team of professionals to accomplish business objectives. This includes indirect reports within Commercial Lines and any personnel in supporting departments (e.g., marketing, claims, information technology) who can impact/influence business results.
  • Establish and implement business strategy including: product development, pricing, and implementation processes; underwriting guidelines; portfolio mix planning and results; development of product contracts, forms and endorsements; expense control (including commissions) and fee generation.
  • Work closely with project managers and product analysts on such things as insurance department filings, project charters, project plans, rate reviews, bureau circulars, and more.
  • Lead the Commercial Lines compliance function for property product lines ensuring that products & rates follow all applicable statutes & regulations.
  • Conduct market analysis on new competitors and find new market opportunities
  • Provide product training to associates and present in key stakeholder meetings
  • Enhance the large property underwriting expertise of the underwriting department through proper application of the Lloyd’s excess scale, Probable Maximum Loss (PML) analysis, understanding fire divisions, sprinkler adequacy and combustibility/flammability across classes in conjunction with the variability created across construction types. Utilization of proper forms and endorsements to manage risk is key.
  • Oversee CAT strategy management and work closely with Enterprise Risk Management.
  • Leverage new technology tools like Betterview to enhance the property underwriting experience
  • Help lead the development of a new Monoline Inland Marine Unit.

    • What You’ll Bring To The Company:

    Bachelor’s degree preferred with advanced degree and/or professional designation (e.g. CPCU) strongly preferred. One or more years of product management profit and loss responsibility strongly desired with an emphasis on property lines of business or equivalent experience. Multiple years of commercial underwriting experience strongly desired including mid-market and large property experience. Must have superior problem solving and analytical skills with proven ability to make data-driven decisions. Must have ability to develop and lead a highly collaborative and team-oriented environment. Ability to develop and execute a business strategy/vision required. We are open to hybrid or fully remote candidates.

    About Us:

    Grange Insurance Company, with $3 billion in assets and more than $1.3 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. Life insurance offered by Grange Life Insurance and Kansas City Life Insurance. Grange Insurance Company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin.

    Who We Are:

    We are committed to an inclusive work environment where we welcome and value diversity and inclusion. We hire great talent from a wide variety of backgrounds, and our associates are our biggest strength. The diversity of our associates, their backgrounds, experiences, and individual differences are the foundation for our success. Our inclusive culture empowers all of us to “Be One Team”, “Deliver Excellence”, “Communicate Openly”, “Do the Right Thing”, and “Solve Creatively for Tomorrow”. We have active Associate Resource Groups and a Diversity and Inclusion Team, that focuses on professional development, networking, business value and community outreach; all which encourage and facilitate an environment that fosters learning, innovation, and growth. Together we use our individual experiences to learn from one another and grow as professionals and as humans. 

    We welcome the unique contributions that you bring from education, opinions, culture, beliefs, race, color, religion, age, sex, national origin, handicap, disability, sexual orientation, gender stereotyping, gender identity or expression, genetic information, ancestry, pregnancy, veteran status, and citizenship.

    Grange Enterprise is proud to be part of the CEO Action for Diversity and Inclusion™, a national initiative of more than 1400 CEOs working for the advancement of diversity and inclusion within the workplace.

    Qualifications

    Skills

    Behaviors

    :

    Motivations

    :

    Education

    Experience

    Licenses & Certifications

    Apply