NYCM Insurance · 1 day ago
Product Supervisor (Commercial Insurance) (Hybrid)
Edmeston, New York, United States
Full-time
Hybrid
Mid, Senior Level
$84K/yr - $140K/yr
3+ years expNYCM Insurance is seeking a Product Supervisor to assist with oversight and management of the commercial product line. The role involves product development, pricing, and promotion, as well as engaging stakeholders to identify opportunities and manage product-related projects.
Financial ServicesReal Estate
Responsibilities
Serves as a liaison with the NYSDFS preparing product filings with support analyses for loss experience and expense data. Includes product filing exhibits and responses to requests from regulators for additional data
Analyze information using data manipulation, correlation, and statistical analysis
Perform field research, including customer, distribution, competitor, insurance department and market surveys
Identify opportunistic market segments and produce customized product strategies to promote growth via pricing and promotional positioning
Responsible for project requests submitted to Project Management including detailed requirements for systems implementation relative to the support of product launches and rate changes
Liaison and facilitator in coordinating activities and communications with divisional partners to execute on strategic initiatives related to profitability and growth
Prepare internal and external product performance presentations
Solicit and capture input from divisional partners concerning performance of product line and how best to optimize opportunities and most effectively execute the implementation
Supports the development of proposals for corporate-level strategic profit and growth plans and associated action plans
Identify and lead negotiations with vendor partners including implementation. Engage key divisional stakeholders throughout the process to ensure efficient workflows, data capture, transfer of information and premiums, etc. as necessary
Make effective decisions in LOB product development and oversight
Provide insight in the annual planning process, evaluating team priorities and capacity
Provide support and guidance to team members in terms of project workloads, issue resolution, best practices, individual growth and development and job performance
Mentor and lead by setting clear goals and expectations and providing regular feedback (positive and negative) to direct reports as appropriate
Responsible for evaluation of team members and providing input on hiring, firing and salary adjustment decisions
Motivate, empower, and encourage team members to challenge and better themselves
Provide appropriate, timely recognition to team members when milestone tasks are completed, or goals are met
Collaborate with supervisor and management team to foster inter-team cooperation, create a culture of trust and empowerment, and develop plans/activities to build/strengthen team unity
Attend annual seminars to keep abreast of marketplace trends and updates
Continuously focus on ways to improve leadership and supervisory skills
Focus on expanding knowledge of other business units within the organization and the interdependent role they play in developing our products
Explore innovative ways to enhance performance for the LOB
Qualification
Required
Bachelor's degree with an emphasis in Finance, Mathematics, Accounting, Economics, or Statistics
3+ years of Product Management, Underwriting, Marketing or Claims experience
2+ years of insurance analysis experience
A working knowledge of both pricing and underwriting practices with a deep expertise in at least one
Ability to effectively communicate with agents, regulators, agency groups, partner departments, and to senior leadership in the organization
Technical insurance pricing expertise, with the ability to make effective business decision incorporating multiple viewpoints
Good understanding of complex, data intensive and highly scalable decision support applications
Strong knowledge of business processes and analytical support systems
Strong computer skills including MS Office with demonstrated skills in Power Point and Excel including the ability to create, manipulate and formulate spreadsheets
Self-starter, ability to work well both individually and as part of a team
Strong written and verbal communication skills
Strong business acumen with proficiency in application development and data warehousing
Innovative thinker with creative problem-solving skills
Strong analytical skills with ability to draw insight from large amounts of data
Strong ability to establish and build effective relationships within and outside the organization
Effective leadership abilities
Very adaptable and excels in a stressful, high demand role where priorities can change frequently and must be managed simultaneously
Company
NYCM Insurance
NYCM Insurance is a property and casualty insurance carrier that has been providing coverage to residents and businesses in New York since 1899.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Cheryl Robinson
Chief Executive Officer
Company data provided by crunchbase