IAT Insurance Group · 19 hours ago
Product Manager
Naperville, IL
Full-time
Hybrid
Senior Level, Lead/Staff
$73K/yr - $158K/yr
8+ years expIAT Insurance Group is seeking a Senior Product Manager to support their Management Liability portfolio. This role is responsible for ensuring product competitiveness and compliance by leading the development, enhancement, and maintenance of coverage forms and underwriting guidelines.
CommercialFinanceFinancial ServicesInsuranceInsurTech
No H1B
Responsibilities
Partner with business leaders to maintain and enhance the Management Liability product suite, including form and endorsement updates and new product development
Maintain and improve the Management Liability forms library, underwriting guidelines, and rating manuals
Collaborate with Legal to review form and endorsement revisions; communicate changes and rationale to business units
Maintain, refine, and support rate structures and pricing methodology
Analyze key drivers of product performance and work with business units to develop strategies aligned with profitability goals
Collaborate with Claims to understand emerging issues, trends, and loss drivers
Collaborate with Actuarial to assess base rate needs and lead decision-making related to rate management
Partner with Compliance to ensure all rates, rules, and forms are up to date and filed with the state insurance departments, where required
Partner with IT and Regulatory to effectively implement product changes
Work with IT to maintain a Rate/Quote/Issue system
Develop and deliver training to underwriters, underwriter trainees, and other, as needed
If applicable, evaluate Insurance Services Office, Inc. (“ISO”) changes, assess business impact, and communicate implications to relevant stakeholders
Collaborate with appropriate business leaders to develop strategy in response to ISO updates, state law changes and case law affecting coverage, rates or rules
Monitor industry dynamics and trends using resources such as A.M. Best and Conning
Perform other duties as assigned or needed
Qualification
Required
Bachelor's degree
At least eight years of management liability product management or similar experience or twelve years of overall management liability experience (claims handling, underwriting, product management and insurance forms drafting as an attorney)
Three to five years of Management Liability product development experience
Strong knowledge of insurance policy contract structures, coverage and exposure analysis, and regulatory considerations
Solid understanding of actuarial concepts and pricing methodologies
Strong analytical and form-drafting skills
Excellent written, verbal, and presentation communication skills
Demonstrated ability to collaborate across teams and influence without direct authority
Strong problem-solving, judgment, and recommendation skills
Understanding of management information systems and performance metrics
Effective project management skills
Must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes
Preferred
Management liability product experience and underwriting or claims experience
Experience developing and drafting business requirements
Professional designation such as CPCU, ARM, or AU
Benefits
26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
7% 401(k) Company Match and additional Profit Sharing
Hybrid work environment
Numerous training and development opportunities to assist you in furthering your career
Healthcare and Wellness Programs
Opportunity to earn performance-based bonuses
College Loan Assistance Support Plan
Educational Assistance Program
Mentorship Program
Dress for Your Day Policy
Company
IAT Insurance Group
IAT Insurance Group provides property-casualty insurance and surety carrier consulting services.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
A
Art Augusto
SVP, Chief Analytics Officer
G
Gary Leuck
Senior Vice President & Chief Underwriting Officer
Recent News
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