What are the responsibilities and job description for the Product Managerwith Commercial / Personal Insurance position at Altezzasys?
Job Details
- Role / Skills - Product Manager
- Location San Diego
- Location Options Day one onsite.
Our requirement is for a strong Product Manager with Commercial / Personal Insurance expertise, who can help customer with multiple initiatives including advisory for the Product Transformation initiative.
Job Description:
- Manages the product backlog, contributes towards creating an effective vision and provide timely stakeholder feedback on development iterations.
- Provide input on decomposing complex problems into smaller manageable tasks by creating and prioritizing a backlog for the Product Team.
- Commercial Insurance Certified e.g. AINS or CPCU
- An insurance product manager is responsible for overseeing the entire lifecycle of an insurance product, from conception and development to launch and post-launch analysis, ensuring it aligns with customer needs, market trends, and regulatory requirements while driving profitability by strategically designing, managing, and optimizing insurance offerings across different channels.
- Market analysis and product strategy
- Conduct in-depth market research to identify potential customer needs, gaps in the market, and competitive landscape to develop a comprehensive product strategy.
- Product design and development
- Define product features, benefits, pricing structures, and coverage options, collaborating with cross-functional teams like actuarial, underwriting, and IT to translate product vision into reality.
- Customer insights and feedback:
- Analyze customer data, feedback, and claims patterns to identify areas for product improvement and ensure the product meets customer expectations.
- Regulatory compliance: Monitor and adhere to all relevant insurance regulations and industry standards throughout the product development and launch process.
- Product launch and go-to-market strategy: Develop a comprehensive launch plan, including marketing materials, sales training, and distribution channels to successfully introduce new products to the market.
- Performance monitoring and optimization: Track key performance indicators (KPIs) like sales volume, customer retention, and profitability to identify areas for product optimization and make data-driven adjustments.
- Stakeholder management: Collaborate effectively with various stakeholders including sales teams, marketing, actuarial, underwriting, and IT to ensure alignment and smooth product execution.
- Required skills for an insurance product manager: Strong analytical skills: Ability to interpret complex data, analyze market trends, and make informed decisions based on insights.
- Business acumen: Understanding of insurance principles, pricing mechanisms, and financial impact of product decisions.
- Customer focus: Deep understanding of customer needs and ability to translate them into product features.
- Product development expertise: Experience in designing, developing, and launching new insurance products.
- Cross-functional collaboration: Excellent communication and collaboration skills to work effectively with diverse teams across the organization.
- Regulatory knowledge: Awareness of relevant insurance regulations and compliance requirements.
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