Remote Product Line Manager, Personal Lines

Summary

Join Donegal Insurance Group as a Line of Business Product Manager for Personal Lines Insurance, shaping strategic direction, owning product P&L, and leading cross-functional teams. Ideal candidate will have nationwide scope, encompassing all countrywide changes and analyses for personal lines' insurance products.

Requirements

• Bachelor's degree in Business, Actuarial Science, Finance, or a related field; MBA or advanced degree preferred
• 10+ years of experience in product management, preferably in the insurance industry
• Proven track record of successfully developing and managing insurance products, with a focus on personal lines insurance
• Excellent analytical, strategic thinking, and problem-solving skills
• Demonstrated ability to present complex information to senior management in a clear and impactful way
• Knowledge of regulatory requirements and industry standards in insurance
• Exceptional execution and project management skills
• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities

Responsibilities

• Own the product P&L, including pricing strategy, revenue growth, and cost management
• Monitor the portfolio performance to identify and address any profit challenges
• Utilize product experience, industry knowledge and competitor assessments, assist in the development of business segment strategies, appetite expansion and product enhancements
• Define the product roadmap and prioritize initiatives based on market research, customer feedback, and business goals
• Work closely with the underwriting and actuarial teams to develop and implement effective rating and underwriting strategies
• Ensure a thorough understanding and ownership of insurance coverages, policy contracts, and claims processes
• Align pricing and underwriting actions with market conditions and business objectives
• Utilize data analytics to inform product strategy, pricing decisions, and performance evaluation
• Lead the implementation of all countrywide changes for personal lines insurance products
• Conduct comprehensive analyses of product performance, market trends, and competitive positioning on a nationwide scale
• Identify potential risks and hurdles in the market, such as regulatory changes, economic shifts, and technological disruptions
• Develop risk mitigation strategies and contingency plans to ensure business continuity
• Stay informed about changes in insurance regulations and ensure proactive compliance
• Champion the voice of the customer, ensuring products meet and exceed customer expectations
• Conduct market research, customer surveys, and focus groups to gather insights and validate product concepts
• Enhance customer experience through innovative product features, services, and digital solutions
• Partner with and guide as needed, Regional Product Managers and Underwriting Managers, fostering a collaborative and high-performance culture
• Drive cross-functional alignment and collaboration to achieve product objectives

Benefits

• Medical, Dental, and Vision Coverage : Available to you and your dependents. Coverage begins the first of the month after start date
• 401(k) with the first 3% matched at 100% : the next 6% is matched at 50%
• Paid Time Off : Paid vacation, sick days, paid holidays, & bereavement days
• Career Development : Including college partnership discounts and industry designation(s) reimbursements