Frankenmuth Insurance · 7 hours ago
Commercial Lines Product Manager
United States
Full-time
Remote
Mid, Senior Level
4+ years expFrankenmuth Insurance is seeking a Commercial Lines Product Manager responsible for coordinating the results of the line of business. The role involves driving product performance, managing a portfolio, ensuring compliance with regulations, and supporting product development and marketing efforts.
Auto InsuranceInsurance
No H1B
Responsibilities
Accountable for P&L results of the assigned LOB by:
Prepares analysis and business recommendations based on in-depth reviews of new and renewal production, loss performance, and rate trends and reports to key stakeholders on LOB and product performance
Measures performance of products compared to strategies, goals and metrics
Monitors price competitiveness in the market and works with Actuarial on pricing and predictive modeling adjustments
Collaborates with LOB underwriting representative on underwriting authority for the LOB
Collaborates with Regions, Underwriting, Claims, Actuarial, Legal, and Regulatory to maintain the highest standards of product line profitability, marketability and regulatory compliance
Develops key strategic approach to the LOB from an underwriting and product perspective, including:
Provides recommended direction to Senior Management to balance growth, risk, and profitability
Drives product positioning and development efforts including segment expansions, coverage enhancements, underwriting strategies
Identifies product growth opportunities and creates strong business cases for product and pricing changes, including:
Maintains communication with and solicits input from key stakeholders, including underwriting, marketing, agents and policyholders
Monitors and evaluates insurance industry product developments and trends
Develops business case to implement new initiatives
Provides consultative and/or technical support regarding significant product issues affecting the LOB
Leads product and segment development initiatives, including:
Works with key stakeholders to assess and prioritize product development projects
Develops project plans and business requirements
Leads product development and enhancement projects, including the development of coverage language
Utilizes current methodologies to develop, launch, and retire products, including agile, waterfall and the product lifecycle process
Assesses performance of product changes and new products against established goals and metrics
Monitors, analyzes and evaluates state regulatory and legislative changes that may impact product performance, including:
Ensures that product rates, rules, forms and underwriting, and business practices are in compliance with state laws
Coordinates rate, rule and form changes
Communicates with regulatory agency representatives
Leads corporate initiatives such as state expansions and others as needed
Provide input and recommendations regarding marketing and sales strategy, plans and materials
Performs other duties as assigned
Qualification
Required
Bachelor's degree (B.A.) from four-year college or university; or four to six years related experience and/or training; or equivalent combination of education and experience
Ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process
Preferred
Insurance certifications preferred
Advanced insurance industry knowledge preferred
Company
Frankenmuth Insurance
Frankenmuth Insurance offers customized coverage for business, home, auto and life insurance.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Dawn Jaffray
President & COO, CFO
Erik Steenken
Vice President, Head of Surety
Recent News
2025-10-31
Company data provided by crunchbase