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Product Development Manager

3 months ago

Madison, United States Homesite Full time

Senior manager role that leads a team (or teams) that develops and introduces new or enhanced products and services in existing markets to strategically manage the product development lifecycle. Delivers enhancements that improve product using contract language, underwriting rules/guidelines, system/platform, automation, and use of pricing/predictive analytics. Creates insights from intelligence about customer, market and competitors for problem solving and proactively monitoring trends in the market. Leads team that supports insurance product performance in market by leveraging analysis, insights across a variety of internal and external sources to conduct root cause analysis. Research new solutions that inform recommended actions to improve profitability, growth and customer experience in support of annual profit and growth plans.

Position Compensation Range:
$125,000.00 - $212,000.00

Pay Rate Type:
Salary
- Compensation may vary based on the job level and your geographic work location._

Primary Accountabilities
- Creates a collaborative, performance-driven work environment by facilitating and fostering trust, transparency, and inclusion. Works with team members to set clear goals, provide feedback, perform performance assessments, and support on-going development.
- Leads with influence and expertise. Actively contributes to division or department leadership team. Communicates and supports organization mission, vision, values, policies, and practices.
- Leads with a continuous improvement approach and recommends actions to improve premium volume growth and profitability.
- Leads implementation of product development or product management changes. Includes other corporate stakeholders for opportunity identification, enterprise service linkage, vendor management and research.
- Oversees product research and insights gathering and analysis including competitive intelligence, customer empathy, develop pricing models and analysis and innovation methodology.
- Manages the analysis of business results, external market dynamics and other data sources to assess trends and develop actionable insights and recommendations to address business issues.
- Responsible for communication and delivery of reporting and financial model results to business partners, supporting socialization and adoption of analysis results into business activities and decisions.

Specialized Knowledge & Skills Requirements
- Demonstrated experience providing customer-driven solutions, support or service.
- Demonstrated experience analyzing and interpreting facts and data, including financial information, in a way that can lead to actionable conclusions.
- Demonstrated experience communicating to a variety of audiences to review findings, arguments, options, risks, benefits, and other issues in a frame of reference that the audience can understand.
- Demonstrated experience in driving to results in one or more of the following areas: sales, product lines, claims, or other core business functions.
- Demonstrated experience managing and leading large complex projects or programs with a cross-divisional impact toward intended results.
- Demonstrated effective experience leading people or projects.
- Solid knowledge and understanding of root cause analysis and processes.
- Demonstrated experience developing insurance product strategies.
- Demonstrated leadership experience in product management and/or development with a focus on profit and loss.
- Solid knowledge and of market research and marketplace and regulatory trends.
- Solid knowledge and understanding of product design and product management.
- Solid knowledge of and experience with advanced financial and data analysis techniques.

Licenses
- Not applicable.

Travel Requirements
- Up to 25%.

Physical Requirements
- Work that primarily involves sitting/standing.

Working Conditions
- Not applicable.

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

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