Encova Insurance is looking to optimize profitability and align with corporate strategy in their commercial lines product management
Requirements
- Experience with commercial lines product management and underwriting and/or claims experience
- Experience with state filing through S.E.R.F.F.
- Chartered Property Casualty Underwriter (CPCU) or other professional insurance designations
- Previous experience in reading and interpretation of insurance rating manuals, policy forms & endorsements, and various state and trade bulletins
- Proven analytical skills; proficient with data management tools (i.e. Tableau), and knowledgeable in analyzing financial results, profitability, and forecasting
- Experience with strategic thinking/planning for good forecasting skills, inductive and deductive reasoning skills
- Insurance product domain expertise spanning the customer discovery, planning, and product development process
Responsibilities
- Develop and carry out strategic plans to grow assigned lines of business (products) by working closely with commercial lines leadership, key stakeholders and cross-functional teams within the organization
- Perform thorough assessments of profitability, product profile, competitor information and growth to identify loss and profit drivers and market opportunities
- Lead efforts in the creation of and effectively communicating market insights, product strategy, recommendations, policyholder notices and project updates
- Act as a subject matter expert (SME) on projects to ensure the intended direction and help with business requirements to support a successful deployment
- Coordinate and execute new carrier/state launches, which may include determining algorithms for new states and delivering requirements for system specifications
- Ensure premium algorithms, rates, rules and class codes are compliant with state regulations and are loaded correctly into the appropriate systems
- Monitor adoption of ISO manual revisions and advise insurance department of the company’s adoption date or deferral date
Other
- A Bachelor’s degree from an accredited college or university is preferred
- A minimum of seven years’ experience with commercial lines product management and underwriting and/or claims experience preferred
- Must be able to work in a collaborative, inclusive culture, including the ability to effectively communicate with executive leaders throughout the company
- Ability to delegate work to others and mentor others to develop their expertise
- Must be decisive, ask the right questions at the right time and be able to empower project team members
