What are the responsibilities and job description for the Insurance Product Manager - E&S position at MGT Insurance?
About MGT Insurance
MGT Insurance is a trailblazing technology company dedicated to improving the Commercial P&C industry. By combining the expertise of industry veterans with state-of-the-art technology, we deliver unparalleled service to our customers. We seek visionary leaders who thrive in dynamic, entrepreneurial settings and excel in autonomous roles.
Job Summary
The Insurance Product Manager - E&S role reports to the GM of Specialty, and will drive the development and implementation of innovative commercial P&C insurance products, ensuring they meet customer needs and align with regulatory requirements. This role requires strong analytical and strategic skills, and collaborate across a cross-functional team and bring new products to market while also enhancing existing offerings.
Key Responsibilities
- Product Development and Innovation
- Lead the execution of new insurance products from concept to launch, and manage existing products to ensure production and profitability targets are met.
- Conduct market research and competitive analysis to identify opportunities for product differentiation and innovation.
- Define and prioritize insurance product requirements, focusing on customer-centric solutions that align with MGT's strategic objectives.
- Project Management
- Manage the end-to-end product development lifecycle, ensuring milestones are met on time.
- Coordinate with cross-functional teams, including underwriting, actuarial, legal, and IT, to ensure seamless product delivery.
- Regulatory and Compliance Oversight
- Ensure all products comply with relevant regulatory and legal requirements, working closely with the compliance team.
- Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed.
- Stakeholder Collaboration and Communication
- Prepare and deliver presentations and reports to communicate product performance, updates, and initiatives.
- Market Analysis and Customer Insights
- Analyze customer feedback, competitive landscape, and market trends to improve existing products and identify new product opportunities.
- Develop customer personas and use cases to ensure products meet the evolving needs of target segments.
Qualifications
Necessary Knowledge and Abilities :
Strong Underwriting and Risk Management acumen.
Proficient with MS Office tools, including Excel, Word, PowerPoint and Access.
