What are the responsibilities and job description for the Product Owner III, Underwriting Domain- Risk Assessment & Coverage position at Liberty Mutual Insurance?
Pay Philosophy
The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
Description
The Product Owner within Risk Assessment & Coverage is a crucial member of the Agile team who represents the voice of the customer and the organization. They collaborate closely with stakeholders to define and prioritize epics and features, ensuring alignment with customer needs and organizational goals. The Product Owner understands and clearly defines customer problems, prioritizes work, and communicates with stakeholders to ensure the team provides the highest value for the customer. They work with other teams, product owners, technologists, and architects to develop a deep understanding of the technologies and systems they support.
Our vision is to provide digital capabilities that build a consistent approach to risk selection through creativity and data-driven insights at both the individual and portfolio levels to win in the market through the cycle.
Qualifications
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
Description
The Product Owner within Risk Assessment & Coverage is a crucial member of the Agile team who represents the voice of the customer and the organization. They collaborate closely with stakeholders to define and prioritize epics and features, ensuring alignment with customer needs and organizational goals. The Product Owner understands and clearly defines customer problems, prioritizes work, and communicates with stakeholders to ensure the team provides the highest value for the customer. They work with other teams, product owners, technologists, and architects to develop a deep understanding of the technologies and systems they support.
- The ideal candidate has a background in commercial underwriting, exposure risk management, along with strong product owner experience***
- Contribute to the development of the portfolio vision.
- Collaboratively create a product vision and align strategic priorities with business and technology stakeholders.
- Communicate the product vision, strategy and roadmap to the team and other stakeholders.
- Own multiple digital products and articulate their value and outcomes in the form of OKRs.
- Work closely with the agile working group to clarify business needs and support alignment around product strategy.
- Own functionality, outcomes, prioritization, implementation, and communication for the digital product.
- Articulate and define work deliverables based on investment appetite.
- Drive consensus through collaboration and develop outcomes that allow team members to feel motivated and empowered.
- Oversight, prioritization and ability to break down work into achievable milestones for aligned initiatives across one to multiple agile teams.
- Develop and achieve product level key performance indicators (KPIs).
- Own and maintain the product backlog, ensuring clear, actionable features.
- Balance tactical and strategic decisions for the product, collaborating with other product owners and technical leaders.
- Lead sessions with users and customers to understand the product and identify opportunities.
- Partner with User Experience to deliver intuitive and cohesive products.
- Monitor and maintain product health, proactively identifying impacts on other products.
- Analyze and report on feasibility, cost, and other aspects of planned or potential changes to the product.
- Experience in the insurance industry and commercial underwriting.
- Deep understanding of Exposure Risk Management and practices
- Ability to explain complex ideas to different audiences and influence stakeholders.
- Strong leadership, decision-making and stakeholder management skills.
- Strong problem-solving skills and ability to drive progress.
- Innovative mindset to drive change in uncertain situations.
Our vision is to provide digital capabilities that build a consistent approach to risk selection through creativity and data-driven insights at both the individual and portfolio levels to win in the market through the cycle.
Qualifications
- Advanced knowledge of Agile development methodologies as typically acquired through a Bachelors? degree in relevant field (business, computer science, humanities etc
- 7 years in business, technology, or consulting with 5 to 7 years direct experience with agile teams
- Master's degree preferred
- High level of proven business expertise needed to set clear priorities for product and understand business value impacts
- Develops strong stakeholder relationships and influencing across multiple organizational boundaries
- Demonstrated experience leading varied audiences through the development of complex ideas, issues and designs
- Ability to lead varied audiences through census building
- Proven experience with Agile practices and expectations
- Comfortable with making decisions with some level of uncertainty
- Strong communication skills, both written and verbal
- Knowledge of insurance industry preferred
- Knowledge of relevant products and portfolio strongly preferred
- Strong experimental mindset to drive innovation amongst uncertainty and exploit market opportunities
As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
Fair Chance Notices
- California
- Los Angeles Incorporated
- Los Angeles Unincorporated
- Philadelphia
- San Francisco
Salary : $139,500 - $197,500
