Commercial Insurance Risk And Pricing Manager

Summary

Join our team as a Commercial Insurance Risk & Pricing Manager to lead the optimization and management of our insurance products. You will be responsible for refining pricing, coverage, and underwriting guidelines for commercial insurance offerings. This role demands collaboration with various teams to drive product innovation and profitability. Key responsibilities include product development and strategy, pricing and profitability analysis, market research, cross-functional collaboration, regulatory compliance, and performance monitoring. The ideal candidate possesses a Bachelor's degree or equivalent experience, 3+ years of relevant insurance experience, strong analytical skills, and excellent communication abilities. We offer a competitive salary, performance-based bonuses, and comprehensive benefits.

Requirements

• Possess a Bachelor’s degree in Engineering, Sciences, Business, Finance, Insurance, Actuarial Science, or a related field
• Have 3+ years of insurance product management and/or analytics within the insurance industry (property & casualty or specialty insurance)
• Possess strong Excel skills
• Possess a strong understanding of underwriting, coverages, actuarial principles, and regulatory requirements
• Possess experience in data analysis, pricing strategies, and risk assessment
• Possess excellent communication and stakeholder management skills
• Possess the ability to think strategically while managing day-to-day operational details

Responsibilities

• Refine insurance products based on market research, customer insights, and competitive analysis
• Define product roadmaps and work with cross-functional teams to bring new products and coverage features to market
• Monitor industry trends and regulatory changes to ensure compliance and competitiveness
• Refine pricing models that balance risk and profitability
• Analyze claims data, model cat losses, and underwriting performance to refine pricing strategies, rating factors, and underwriting rules
• Maintain and update underwriting guidelines and practices
• Conduct research to identify customer needs, market trends, and competitive positioning
• Recommend product enhancements and new opportunities based on data-driven insights
• Work closely with sales to fully understand customer needs and ensure product has sufficient features and pricing to be competitive in the market
• Work closely with underwriting, sales, legal, marketing, and technology teams to ensure successful product launches
• Provide training and support to sales teams to effectively position and sell products
• Ensure all products comply with non-admitted insurance regulations and company policies
• Conduct independent research of state statutes where required
• Work with legal resources and carrier personnel to obtain necessary approvals for coverage and forms changes
• Track and monitor key performance metrics, including conversion rate, quote cycle time, claims experience, profitability, PML and aggregation
• Adjust product features and pricing as needed to optimize performance

Preferred Qualifications

• Possess Python or other programming language and SQL skills
• Possess Cat modeling experience
• Possess experience in commercial lines or specialty insurance

Benefits

• Competitive salary + performance-based bonus
• Health, dental, and vision insurance
• 401(k)
• Hybrid or remote work flexibility