What are the responsibilities and job description for the SVP, Product Management position at AmTrust Financial?
SVP, Product Management
Job Locations : US-CT-Southington
Increase your chances of an interview by reading the following overview of this role before making an application.
Requisition ID : 2024-17662
Category : Underwriting
Position Type : Regular Full-Time
Overview
AmTrust is seeking a dynamic and strategic SVP, Product Management to join our team. This role will be pivotal to shaping the future of our Commercial Lines, driving profitability, and ensuring sustainable growth. The successful candidate will lead a high-performing team and be a senior member of the Commercial Lines leadership team.
Responsibilities
Core Responsibilities :
- Strategic Partnership : Collaborate with the EVP of Commercial Lines to develop and implement a long-term strategic road map for Commercial Lines, translating strategy into action.
- Financial Performance : Achieve or surpass return on equity targets for Commercial Lines while achieving growth objectives.
- Product Development : Design, write, file, and maintain a diverse range of products including BOP, Package, Auto, Umbrella, Inland Marine, EPLI, Motor Carrier, and Nonprofit products.
- Performance Monitoring : Conduct post-monitoring of new business and renewal performance to optimize profit and growth, prevent adverse selection, maintain market stability, and bolster agent confidence in AmTrust.
- Stakeholder Engagement : Work closely with distribution and underwriting partners to ensure alignment on external messaging, appetite, and core KPIs. Introduce new KPIs that serve as effective leading indicators for desired outcomes.
- Automation Leadership : Drive automation initiatives to support zero-touch flow for a wide array of classes while maintaining portfolio profitability.
- Risk Management : Oversee catastrophe risk and accumulation profile across property and liability exposures, optimizing Average Annual Loss (AAL) and ensuring appropriate risk loading in catastrophe-prone areas.
- Competitor Analysis : Observe competitor trends to identify opportunities for product innovation and differentiation.
- Regulatory Compliance : Ensure all products and processes comply with relevant regulatory requirements and industry standards, and partner with Product Systems and Compliance to drive structural compliance and risk mitigation.
- Team Leadership : Lead and mentor a diverse team, fostering a culture of collaboration, innovation, and continuous improvement.
Organizational Structure : The role will oversee the following teams :
Qualifications
What We Offer
AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include : Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.
AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.
AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.
Connect With Us!
Not ready to apply? Connect with us for general consideration.
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