Encova Insurance · 3 months ago
Senior Commercial Lines Product Manager
USA (Limited States)
Full-time
Hybrid
Senior Level
$97K/yr - $155K/yr
7+ years expEncova Insurance is seeking a Senior Commercial Lines Product Manager to manage assigned lines of business and optimize profitability in alignment with corporate strategy. The role involves developing growth strategies, leading product revisions, and providing technical support while collaborating with cross-functional teams.
Commercial InsuranceHealth InsuranceInsurance
Responsibilities
With segment specialists/managers, 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 the development of solutions to address loss drivers (and optimize profit drivers) through collaborations, strategic and innovative thought, and data-based decisions
Lead efforts in the creation of and effectively communicating market insights, product strategy, recommendations, policyholder notices and project updates. This includes developing comprehensive, well-written proposals and presentations for impacted areas of the company as well as our senior leadership and communication of proposals and other relevant intranet resources
Act as a subject matter expert (SME) on projects to ensure the intended direction and help with business requirements to support a successful deployment. This may include leading the creation and execution of user acceptance testing
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. This includes any relevant updates to guidelines and communication to stakeholders
Monitor adoption of ISO manual revisions and advise insurance department of the company’s adoption date or deferral date
Ensure that all filings are properly prepared. Act as a consultant on filing issues, providing input and instruction when needed and reviewing all filings prior to submission
Collaborate with compliance specialist and other business partners to stay aware of state regulatory environments and any revisions published, including support of market conduct examinations and audits
Review and stay abreast of trade organization circulars and bulletins (ISO, NCCI, NCCI etc.) and make recommendations as to their effect on the company's portfolio of products
Provide training for new and less-experienced team members and relevant department training that supports organizational and department priorities. Act as a coach to other team members by providing support and guidance
Monitor metrics by project and by product to strengthen product management effectiveness across the portfolio
Lead ad-hoc research committees and projects to conclusion, developing and presenting proposal to senior leadership
Lead/support the activities of Annual Rate Review meetings
Oversee vendor research projects including the vendor demonstrations and proposals for purchase
Lead cross functional operation meetings as necessary
Represent Product Management in meetings and conferences as necessary
Perform other duties as assigned
Qualification
Required
Previous experience in reading and interpretation of insurance rating manuals, policy forms & endorsements, and various state and trade bulletins is required
Proven analytical skills; proficient with data management tools (i.e. Tableau), and knowledgeable in analyzing financial results, profitability, and forecasting
Proven superior interpersonal communication (oral and written) and leadership skills that support a collaborative, inclusive culture, including the ability to effectively communicate with executive leaders throughout the company
Experience with strategic thinking/planning for good forecasting skills, inductive and deductive reasoning skills
Must be decisive, ask the right questions at the right time and be able to empower project team members
Ability to delegate work to others and mentor others to develop their expertise
Ability to set realistic goals and to apply these skills in defining product roadmaps
Insurance product domain expertise spanning the customer discovery, planning, and product development process; deep understanding of customer-centric product practices; ability to mentor and develop expertise in others
Preferred
A Bachelor's degree from an accredited college or university is preferred. Commensurate experience may be considered
A minimum of seven years' experience with commercial lines product management and underwriting and/or claims experience preferred
Experience with state filing through S.E.R.F.F. is preferred
Chartered Property Casualty Underwriter (CPCU) or other professional insurance designations preferred
Benefits
Health, Dental & Vision Insurance
Company-provided life and income protection plans
Eligibility to participate in a company incentive bonus program
401(k) Retirement Plan - 100% company match up to 7% on annual salary
Paid Time Off, Paid Holidays, and Floating Holidays
Flexible Work Arrangements - Hybrid and remote depending on the role
Company
Encova Insurance
Encova Insurance offers insurance products including commercial, life and personal insurance.
1001-5000 employees
H1B Sponsorship
Encova Insurance has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (8)
2024 (7)
2023 (9)
2022 (6)
2021 (8)
2020 (11)
Funding
Current Stage
Late StageTotal Funding
unknown2023-05-22Acquired
Leadership Team
Grady Campbell
Executive Vice President, Senior Advisor to President & CEO
Thomas J. “TJ” Obrokta, Jr.
President and CEO
Recent News
2025-09-17
2025-09-12
Company data provided by crunchbase