Munich Re Specialty - North America · 10 hours ago
Product Owner
Princeton, NJ
Full-time
Hybrid
Mid, Senior Level
$145K/yr - $231K/yr
4+ years expMunich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. The Product Owner will facilitate the design, delivery, and enablement of business capabilities within the Duck Creek Policy Administration System, ensuring a consistent design and capabilities framework while collaborating with various stakeholders.
Insurance
Responsibilities
Own the product vision, roadmap, and backlog in partnership with assigned line of business, Product Ownership team on MRSNA Insurance Offerings
Translate product roadmap features into well-defined product requirements including features, user stories, and acceptance test criteria
Business capability owner, enabler and functional expert for the product and processes surrounding the product
Define the design guard rails around the product and its capabilities
Deeply entrenched in the development stages of a product including planning, development, test and deployment
Ensure a consistent methodology in design and implementation of a capability though product evaluation and inspection. (i.e. rating design)
Anticipate business needs and routinely guide business and operational teams on designs to ensure insurance products and process can be efficiently implemented
Collaborate with actuarial teams, underwriters, underwriting assistants and actuarial teams to understand underwriting needs and translate them into functional tool requirements
Partner with cross functional teams including stakeholders, analytics and IT to determine best solution for capability enablement
Demonstrate product builds to the business stakeholders and seek regular feedback
Keep up to speed on the current industry and product trends to influence capability enhancements
Qualification
Required
Bachelor's Degree required
4+ years of experience in product management and/or development or relevant experience
4+ experience enabling capabilities for the business with a guide toward anticipating needs with solutions, speed to market and ease of implementation
Proven experience influencing leaders and lead decision making at all levels including Executive Leadership across various businesses and geographies
Strong understanding of insurance pricing methodologies, risk modeling, and actuarial tools
Excellent collaboration skills to navigate through priorities of business and get those developed within teams
Collaborate and drive a product team made up of developers, business analysts, quality assurance resources and scrum masters on a daily basis
Experience launching, building and enhancing products to drive operational efficiency and business value
Established background in launching software or services in partnership with engineering teams and high degree of proficiency in prototyping, iterative development, understanding of Agile principles
Excellent communication skills with the ability to engage, influence, and inspire partners and stakeholders to drive collaboration and alignment
High degree of organization, individual initiative, personal accountability and comfort in working in a high paced delivery focused environment
Proactive, self-starter with excellent project management skills and ability to manage multiple tasks effectively
Balance of technical knowledge and business acumen
Preferred
Familiarity with policy administration systems, Duck Creek a plus
Experience in lean process improvement initiatives is a plus
Benefits
Health insurance coverage
An employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)
Two options for your health insurance plan (PPO or High Deductible)
Prescription drug coverage (included in your health insurance plan)
Vision and dental insurance plans
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary
Short and Long Term Disability coverage
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community
Company
Munich Re Specialty - North America
Munich Re Specialty combines premier specialty expertise, capabilities, and products to offer partners and customers simplified access to a wide range of specialty insurance solutions and services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Kerner
Chief Executive Officer
Sabrina Hart
President and CEO
Company data provided by crunchbase