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Palomar

Reimagining specialty property and casualty insurance with creative solutions that provide better protection.

Product Manager – Professional Lines

Product ManagerProduct ManagerFull TimeRemoteSeniorTeam 201-500Since 2014Company SiteLinkedIn

Location

United States

Posted

15 days ago

Salary

$112K - $163K / year

Seniority

Senior

Bachelor Degree5 yrs expEnglishSQL

Job Description

• Analyze, evaluate, and develop recommendations and conclusions to influence profitability for multiple professional liability products in multiple states • Execute and help design monitoring plans for new products and changes to existing products • Ensure overall goals for production and underwriting profitability are met by analyzing key performance metrics such as premium growth, average rate levels, loss experience, and retention • Initiate product strategies based on analysis of data with input from internal stakeholders, i.e. Actuarial, Claims, Marketing, Underwriting, etc. • Understanding of the property and casualty insurance industry landscape, market trends, and customer and business need to synthesize insights into key product improvements and deliverables • Work closely with Business Analysts to ensure proper execution of business requirements for assigned product lines, including new product launches, rate changes, and product enhancements • Coach, develop, and mentor Product Analysts. May have direct people management responsibility. • Demonstrate accuracy, thoroughness, and attention to detail at all times; look for ways to improve and promote quality; apply feedback to improve performance; monitor own work to ensure quality. • Display original thinking and creativity while meeting challenges with resourcefulness; generate suggestions for improving work; utilize innovative approaches and ideas • Exhibit excellent communication skills and build strong relationships. Presents ideas and information in a manner that gets others' attention. • Pursue training and development opportunities; strive to continuously build knowledge and skills; share expertise with others. • Volunteer readily and undertake self-development activities; seek increased responsibilities and take ownership of tasks at hand; take independent actions and calculated risks; take advantage of opportunities but asks for and offers help when needed.

Job Requirements

  • Bachelor’s Degree in Actuarial Science, Business Management, Economics, Finance, Mathematics, or another analytics related field
  • Minimum 5-7 years of relevant professional experience including previous working experience as a Product Manager or Jr/Asst Product Manager in Property and Casualty Insurance.
  • Experience working with Commercial professional liability products required.
  • Prior experience managing direct support staff preferred.
  • Exhibits management and leadership skills.
  • Solid understanding of regulatory filings and actuarial pricing/ratemaking techniques
  • Strong understanding of insurance rates, rules and forms
  • Strong problem solving, communication, and analytical skills
  • Outstanding written/verbal communication, presentation.
  • Highly organized, detail oriented, self-motivated, and be a self-starter in a fast-paced environment with demanding internal and external deadlines
  • Excellent time management skills, with strong ability to juggle multiple priorities
  • Proven ability to deliver quality results in a rigorous and dynamic business environment.
  • Proficient in MS Excel.
  • Power BI experience preferred.
  • SQL or other programming experience with databases preferred.

Benefits

  • Full Suite of Medical Benefits
  • Long Term Financial Incentives – STOCK!
  • 401k with 3.5% Automatic Fully Vested Employer Contributions
  • Competitive PTO + Holiday Program
  • Lifestyle Spending Allowance
  • Professional Development Assistance
  • Career Exploration Opportunities
  • Regular company-wide social events (even virtually!)

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