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Philadelphia Insurance Companies · 2 weeks ago

Product Development Manager

Beachwood, OH

Full-time

Onsite

Senior Level, Lead/Staff

$109K/yr - $122K/yr

10+ years exp

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products. The Product Development Manager will coordinate and complete new and existing insurance product development projects while overseeing staff and collaborating with cross-functional teams to ensure competitive and compliant products.

Financial ServicesReal Estate

Growth Opportunities

Responsibilities

Works with functional leaders in Actuarial, IT, Stat, Underwriting and Claims throughout the product development cycle

Responsible for the end-to-end product development process including the execution and implementation of product enhancements and new products/programs

Prioritizes Product Development projects

Manages the product development staff by assigning projects and overseeing work efforts

Coordinates with other functional areas of the Compliance Department on regulatory matters that impact company independent forms and rules

Develops the talent and expertise of the product development specialists

Ensures products meet regulatory requirements and adhere to internal company standards

Qualification

Product Development experienceCommercial Underwriting ExperienceISO formsManagement ExperienceP&C insuranceMarket researchRegulatory complianceCross-functional collaboration

Required

Bachelor's degree or an equivalent of 10 years of Product Development experience in the P&C industry

Five years Commercial and Professional Underwriting Experience, or strong understanding of P&C insurance products, underwriting principles and market trends

Management Experience Required

Knowledge of ISO forms, rates and rules, including knowledge of bureau filings, adoption activities, and system development

Familiarity with and an ability to interpret rules and regulations outlined in compliance and commercial lines bulletins