Responsibilities
- Collaborates with senior management to define and execute strategic plans for product development in the assigned line of business.
- Directs data research and statistical analyses to address complex business challenges.
- Manages the full product research lifecycle, including initiating studies, planning resources, conducting research, leading implementation, and monitoring performance for the assigned line.
- Prioritizes and governs the product development portfolio to concentrate on high-impact initiatives.
- Evaluates and approves research plans and results to ensure rigor, clear insights, and actionable outcomes.
- Oversees the identification and resolution of product issues and directs the implementation of solutions and enhancements.
- Directs and synthesizes analyses of competitor pricing, features, and service levels, translating findings into product and pricing strategies.
- Establishes and oversees product training strategies, ensuring effective delivery across the organization as needed.
- Leads and manages the Product Research and Development area for the assigned line of business.
- Develops team members by establishing training opportunities and overseeing talent development, performance management, compensation decisions, and staffing.
- Builds and advances R&D Managers and Analysts at various levels to ensure strong succession planning and capability growth.
- Leads the decision-making process for evaluating new ideas and pricing positions for the assigned line, ensuring alignment with financial and strategic goals.
- Aligns colleagues and other divisions to implement and operationalize changes in pricing, product models, and enhancements.
- Ensures full integration with Underwriting, Sales, Claims, and other divisions to drive process improvement and product performance.
Requirements
- Bachelor’s degree with an emphasis in an analytical field such as math, statistics, economics, finance, or quantitative research.
- 8+ years of experience in product development, or an equivalent combination of education and experience.
- Highly motivated with excellent critical thinking and problem-solving skills.
- Up-to-date knowledge of the insurance market and emerging trends.
- Advanced analytical and quantitative skills.
- Strong track record of creativity in pricing and product development.
- Ability to review highly complex issues with significant financial impact and develop strategic solutions.
- Initiative and self-starting capability.
- Excellent interpersonal skills and ability to build commitment to decisions.
- Excellent team building and staff development skills.
- Broad knowledge and experience with statistical and machine learning models.
Nice to Have
- Master’s degree.
- 15+ years of experience in the P&C insurance industry.
- 10+ years of experience in research, analytics, or planning.
- 10+ years of experience leading and managing a team.
- 5+ years of homeowners personal lines product experience.
Benefits
- Competitive compensation.
- Flexibility to work from anywhere in the United States for most positions.
- Paid time off including vacation, sick time, 9 paid company holidays, and volunteer hours.
- Incentive bonus programs including holiday, referral, and performance-based bonuses.
- Medical, dental, vision, life, and pet insurance.
- 401(k) retirement savings plan with company match.
- Engaging work environment.
- Promotional opportunities.
- Education assistance.
- Professional and personal development opportunities.
- Company recognition program.
- Health and wellbeing resources including free mental wellbeing therapy and coaching sessions, child and eldercare resources, and more.
Compensation
Competitive compensation
Work Arrangement
Flexibility to work from anywhere in the United States for most positions
