E&S Product Leader
US-NJ-Parsippany
careers
Req #: 5679
Type: Regular Full-Time
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Overview: Good things are happening at Berkshire Hathaway GUARD Insurance Companies. We provide Property & Casualty insurance products and services through a nationwide network of independent agents and brokers. Our companies are all rated A+ "Superior" by AM Best (the leading independent insurance rating organization) and ultimately owned by Warren Buffett's Berkshire Hathaway group - one of the financially strongest organizations in the world! Headquartered in Wilkes-Barre, PA, we employ over 1,000 individuals (and growing) and have offices across the country. Our vision is to be a leading small business insurance provider nationwide. Founded upon an exceptional culture and led by a collaborative and inclusive management team, our company's success is grounded in our core values: accountability, service, integrity, empowerment, and diversity. We are always in search of talented individuals to join our team and embark on an exciting career path! Benefits: We are an equal opportunity employer that strives to maintain a work environment that is welcoming and enriching for all. You'll be surprised by all we have to offer! * Competitive compensation * Healthcare benefits package that begins on first day of employment * 401K retirement plan with company match * Enjoy generous paid time off to support your work-life balance plus 9 paid holidays * Up to 6 weeks of parental and bonding leave * Hybrid work schedule (3 days in the office, 2 days from home) * Longevity awards (every 5 years of employment, receive a generous monetary award to be used toward a vacation) * Tuition reimbursement after 6 months of employment * Numerous opportunities for continued training and career advancement * And much more! Responsibilities: Are you a strategic thinker with deep expertise in E&S insurance? Ready to lead product innovation and drive portfolio performance in a high-impact role? We're looking for a collaborative, data-driven leader to join our Product Management team and shape the future of our E&S offerings. This role offers the chance to lead product development from concept to launch, influence underwriting strategy, and work cross-functionally across actuarial, distribution, legal, and IT. Key Responsibilities: * Leads the development of new insurance products, including underwriting guidelines, from concept to launch. * Manages existing and new products to ensure production and profitability targets are met. * Ownership of rate decision. * Drives collaboration with actuarial, distribution and production underwriting to create and enhance rating algorithms. * Functions as the ultimate referral underwriter by providing guidance and thought leadership to production underwriting at the single risk level and at the portfolio level. * Manages the end-to-end product development lifecycle, ensuring milestones are met on time. * Defines and prioritizes insurance product requirements, focusing on customer-centric solutions that align with a service forward USP (Unique Selling Position). * Coordinates cross functional teams, including underwriting, distribution, actuarial, legal and IT to ensure seamless product delivery. * Owns competitor intelligence strategy and conducts market intelligence. * Provides guidance and thought leadership to Product Managers or Product Specialists to drive portfolio management monitoring and KPI's. Regulatory Compliance and Oversight: * Ensure all products comply with regulatory and legal requirements, working closely with the regulatory team. * Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed. Stakeholder Collaboration and Communication: * Actively monitor product performance and enhance iteratively. * Communication of hypothesis and outcomes are driven by discussion, creation of content and presentation materials. * Analyze customer feedback, competitive landscape, and market trends to iteratively improve existing products and identify new product opportunities. * Collaborate with training and marketing to develop communication, training, and marketing materials in support of new or enhanced products and initiatives. * May require delivery of training materials or content. * Outline post implementation monitoring and measurement mechanisms for line of business specific strategies in support of outlined success criteria. * Collaborate with Data and Analytics unit to analyze and refine results. Qualifications: What We're Looking For: * Minimum of 10+ years of E&S Product experience; production underwriting experience preferred but not required. * Must exhibit expertise in industry trends, state regulations, and compliance processes. * Must promote and exemplify data driven decision-making. * Promotes and exemplifies a culture of collaboration, including stakeholders at various levels and in various departments. * Bachelor's degree preferred with concentration in Risk Management, Business, Economics, Finance, Math, Statistics or Actuarial Sciences Knowledge and Abilities Provide guidance through example. * There is expectation that in addition to ownership and guidance, work product will be delivered through this role for all owned aspects. * Excellent verbal and written communication skills, along with interpersonal and influencing skills Self-directed and self-motivated with demonstrated strength in planning, organizing and driving seamless product delivery. * Proficient with MS Office; Proficient with reporting tools like PowerBI. The successful candidate is expected to work in one of our offices 3 days per week and also be available for travel as required. Salary Range $200,000-$300,000.00 USD with performance based bonus potential The annual base salary range posted represents a broad range of salaries around the U.S. and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training and market conditions. The higher end of the applies to roles based in higher cost-of-living areas.
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