Senior Insurance Product Manager – Commercial Liability Insurance

AF Group

This position is responsible for new market development, new product development and existing product enhancements from a Commercial General Liability technical underwriting perspective. This position serves as a commercial General Liability technical underwriting expert in a commercial multi-line environment and will be involved with supporting the goals and implementing best practices for all operating units and the Enterprise as a whole. This position exercises broad discretion and judgment and provides enterprise-wide operational consistency, integrity and oversight. This position performs work in support of multiple initiatives, lines of business relating to General Liability and/or products. This position manages highly complex business processes and/or improvement efforts across multiple departments. This position is an individual contributor role. RESPONSIBILITIES/TASKS: Leads the development of new products for the Liability line of business to enable the profitable growth of the line. Manage accumulation exposures across the US to ensure adequate spread of risk. Assists in aggressively identifying, solving and managing / re-directing problem markets. Analyzes current and potential book of business and provides appropriate recommendations for growth and/or improvement. Assists in the development, implementation, and monitoring of enterprise underwriting policies, procedures, workflows, and best practices. Identifies and establishes strategy for quality control to ensure consistency with best practices and workflows; performs Second Line of Defense Audits to ensure established Underwriting Guidelines, processes, and compliance needs are met. Collaborate with the Reinsurance team to provide guidance and insight to the book of business. Identify Emerging Issues relating to Liability and make recommendations to manage those risks for the enterprise. Participates in the identification, preparation and presentation of training and programs at an Operating Unit and Enterprise level. Serves as a technical subject matter expert and consultant in Corporate Underwriting, determining pricing, programs, and analyzing accounts above authority limits or referrals from elsewhere in corporate underwriting and from operation unit managers or underwriters Collaborates with enterprise operating units and Corporate Underwriting in furtherance of enterprise cost containment strategies as necessary. Identifies third party vendors/capabilities to deliver innovations within the Liability segment to enable effective Risk Selection and Pricing for New Business and Renewals by the Underwriting teams. Conducts underwriting due diligence on new Programs in the alternative market/specialty programs space, and other assignments, as needed. Performs special projects, as assigned. Provides evaluation and input regarding effectiveness of departmental programs and projects. Leads the research, analysis and implementation of new or existing product ideas, market development, and product enhancements, including creating supporting business cases, designing solutions, and implementing innovative products for Commercial Liability lines of insurance. Evaluates the cost benefit of market opportunities and product initiatives and recommends actions based on evaluation, including identifying product improvements for complex product and policy construction considerations. Develop new product ideas, review existing and drafts new coverage language, and executes to the Product Development Life Cycle. Responsible for creating best practices, underwriting guidance and training to engage enterprise. Maintains Expert knowledge including state regulations, compliance, coverages, operational processes, underwriting criteria and system application and tools. Research and approve complex updates and changes to ISO Recommend actions based on regulatory changes. In collaboration with Corporate Underwriting Line of Business owner,

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