Physicians Mutual Insurance Company
A great team awaits your skills as a Product Manager. This game-changing career will give you the opportunity to manage all aspects of two of the Company’s fast-growing core product lines.How you will shine:Utilizes industry and market research to identify product and market opportunities. Determines go-to-market strategy for products managed.Directs and provides leadership on product design, determination of pricing assumptions, profit objectives, and rate setting approach.Understands, coordinates with, and supports marketing and implementation of insurance products consistent with product objectives.Reviews analysis of sales, expense, persistency, loss ratio experience, quantifies the impact of variances on profitability, directs renewal rate setting, and drives process changes to improve customer satisfaction or product line profitability. Product leader in corporate development and expansion initiatives.
ABOUT THE JOB
Requirements: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Business, or Economics. 8+ years progressive experience in insurance product management or actuarial-related job. 5 years as a supervisor or manager of direct reports. Strong communicator able to convey product strategies and financial concepts to a wide range of audiences. Creative problem-solver with the ability to think through complex challenges and arrive at winning solutions. Strong understanding of financial information and actuarial concepts.. Expertise in mathematical modeling, statistical analysis, etc. Preferred: FSA designation Medicare Supplement or other senior health insurance experience
RESPONSIBILITIES
- Utilizes industry and market research to identify product and market opportunities.
- Determines go-to-market strategy for products managed.
- Directs and provides leadership on product design, determination of pricing assumptions, profit objectives, and rate setting approach.
- Understands, coordinates with, and supports marketing and implementation of insurance products consistent with product objectives.
- Reviews analysis of sales, expense, persistency, loss ratio experience, quantifies the impact of variances on profitability, directs renewal rate setting, and drives process changes to improve customer satisfaction or product line profitability.
- Product leader in corporate development and expansion initiatives.
QUALIFICATIONS
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Business, or Economics.
- 8+ years progressive experience in insurance product management or actuarial-related job.
- 5 years as a supervisor or manager of direct reports.
- Strong communicator able to convey product strategies and financial concepts to a wide range of audiences.
- Creative problem-solver with the ability to think through complex challenges and arrive at winning solutions.
- Strong understanding of financial information and actuarial concepts.
- Expertise in mathematical modeling, statistical analysis, etc.
- FSA designation (preferred)
- Medicare Supplement or other senior health insurance experience (preferred)
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