What are the responsibilities and job description for the Product Manager position at AXA?
Product Manager
Hartford, CT I Stamford, CT I Exton, PA I Philadelphia, PA I New York, NY I Chicago, IL I USA
As the world changes and markets become more competitive, our clients’ needs become more complex. More than ever, we are competing for time, for opportunities, for relevance. Differentiation at all levels, including how we think about and engage with our clients, is so important. Our ambition is to unlock a more sustainable and prosperous tomorrow by helping businesses navigate the world’s risks. In the Americas, we will live up to that ambition by delivering value far beyond the insurance policies we provide. We are confronting our clients’ risk management challenges by finding solutions that further their strategic goals and help them build more sustainable, thriving businesses.
As a newly established business division of AXA XL Americas, our Middle Market segment serves the needs of mid-sized clients in the Commercial Lines P&C market. Over the next few years, the unit is looking to start with the client and strategically expand its product suite to drive profitable growth in its target segments. The Product Manager is a newly created position, which will sit within the business, and work closely across Underwriting, Product Management, Legal and Regulatory Compliance amongst other groups to help deliver on that growth. This leader will play a key role as an integral member of a dynamic Product Development growth team by creating, advising on, and managing P&C coverage development for this rapidly evolving product suite.
DISCOVER your opportunity
What will your essential responsibilities include?
- Work in close collaboration with Product and Underwriting counterparts as well as broker partners to identify and develop products, key coverages, and endorsements that will differentiate our offering in the market within your assigned industry segments
- Drive policy wording strategy through understanding of the competitive marketplace, preferred risk characteristics, lessons from loss trends, and competitor offerings
- Write clear, concise, and legally binding policy language that accurately reflects the terms and conditions of insurance coverage
- Draft manuscript endorsements, as requested, that provide needed coverage changes while maintaining the integrity of the policy form
- Track manuscript endorsement use and partner with appropriate unit to complete individual risk filings, where necessary
- Create strategic recommendations in support of business unit goals, marketing plans, pricing, underwriting authority changes, and product enhancements
- Design and deliver guidance and training on policy wording issues
- Manage external vendors and resources on specific wordings and product development engagements
- Establish robust working relationships with cross-functional groups including Claims, Compliance, Legal and other functions to engage and collaborate on issues and emerging trends related to your aligned industry sectors
- Represent AXA XL as a subject matter expert and thought leader at industry conferences enabling the organization to see around corners and stay ahead of industry trends and emerging risks
- Bring an entrepreneurial mindset and willingness to lean into opportunities outside your specific areas of responsibility in support of our overall Middle Market build
You will report to the Head of Middle Market Data Analytics & Product.
SHARE your talent
We’re looking for someone who has these abilities and skills:
- Extensive commercial property & casualty insurance experience with background working closely with Underwriting, Product Management and business functions on the process of developing products, coverage forms and wordings
- J.D. from an accredited law school
- Experience working closely with Regulatory and Compliance functions within a P&C insurance carrier
- Experiencing influencing and directing work across outside units or external vendor partners
- Understanding of the need for accurate and timely management information; effectively manages up and escalates issues that may impact business strategies or operational goals
- Able to manage time, meet deadlines and adjust to competing priorities
- Ability to communicate effectively with others, both verbally and in writing
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ , ethnicity and origins, disability and inclusion with 20 Chapters around the globe
- Robust support for Flexible Working Arrangements
- Enhanced family friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience,” focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see Sustainability at AXA XL.
The U.S. pay range for this position is USD 133,000 -2 33,000. Actual pay will be determined based upon the individual’s skills, experience, and location. We strive for market alignment and internal equity with our colleagues’ pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit US Benefits at a Glance 2025.
