What are the responsibilities and job description for the Product Line Leader - Large Commercial position at XL Group?
DescriptionProduct Line Leader – Large CommercialSan Francisco, CA | Los Angeles, CA | Scottsdale, AZ | USAA product manager is responsible for providing guidance to the business unit with direction from the Head of Product. They contribute to the design and development of new policies / procedures and ensures that the portfolio meets established underwriting best practices and quality objectives. A product manager drives and monitors underwriting policies, rules, guidelines, and peer review processes in conjunction with business unit to achieve underwriting quality, profitability, and regulatory compliance goals. Product Managers are responsible for coordinating with regulatory services on internal and external information requests. They collaborate with the Global Chief Underwriting Office on research and strategy relating to emerging risks and exposure aggregation. Tasks include but are not limited to creating, implementing, and monitoring underwriting best practices / quality audits; coordination with Business Unit on internal and external requests for information; and identify training needs for business unit(s) and developing plans to address. Partnering with legal and other key stakeholders in policy language drafting & review.DISCOVER your opportunity What will your essential responsibilities include?Holds a high level of delegated underwriting authority for individual risk decisions. In partnership with the Product Leader and Chief Underwriting Officer drives the strategy for referral triggers and ensure the right checks and balances are in place to enable profitable growth for the line of business. Given deep technical expertise in the space, may be consulted for account referrals on risks outside of the Americas regionDrives the overall product strategy for the Large Commercial UW unit in close partnership with the Large Commercial leadership team; ensures the competitiveness of our product and stays abreast of market trends and changes that may influence the evolution of our products; sets a regular cadence for regular and timely reviews and updates of our proprietary product setMaintains a deep understanding of the Excess Casualty market and consistently scans the market to ensure our product set retains an industry leading position and serves the evolving needs of our customer basePartners closely with counterparts across AXA XL to understand our full suite of products, appetite and opportunities to introduce cross-sell options as well as innovative, integrated products that better address our client’s unique exposuresProvides a great deal of product line depth and understanding to liases effectively with partners in other cross-functional units, including Risk Control, Claims, Legal, Regulatory & Compliance as well as Reinsurance Helps develop talent within the Product Line team as well as across the Underwriting unit through thoughtful mentoring and coaching interactionsDrives the priorities for the Product Line team and works closely with Large Commercial UW leadership to influence the broader strategy of the Large Commercial UW unitDrives the portfolio management of the Lead and Excess Casualty book of business, driving the audit process across the UW book, understanding loss considerations and helping the organization achieve financial and operational goals on an annual basisAs an industry thought leader for the Large Commercial, will represent AXA XL at key industry events and conferences alongside key broker partners, insureds, and potential prospectsYou will report to the Head of Product, Large Commercial.QualificationsSHARE your talentWe’re looking for someone who has these abilities and skills : BA / BS degree or equivalent; key insurance designations such as CPCU, RPLU, or ARM Deep experience working with Regulatory & Filing AgenciesExtensive knowledge and expertise of the technical aspects of Excess Casualty Underwriting with the ability to translate that experience into thorough Technical UW guidelines and training modulesDemonstrated leadership and mentoring skills with the ability to obtain cooperation and participation of individuals and groups.Ability to draft coverage form language and intimate knowledge of the product development cycleFIND your futureAXA 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.comInclusion & DiversityAXA 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 CharterLearn 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 155,500 - 233,000. 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. Wealsobelieve 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 aboutAXA XL’s benefits offerings, please visit US Benefits at a Glance 2025.Job Field : UnderwritingJob Type : StandardSchedule : Full-time
Salary : $155,500 - $233,000