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Product Manager, Commercial Lines

4 months ago

Worcester, United States The Hanover Insurance Group Full time

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey.

Our Commercial Lines Product Management team is currently seeking a Product Manager. The work arrangement for this position can be on location or fully remote. This is a full time, exempt role.

POSITION OVERVIEW:

Our Commercial Lines Product Management Organization is seeking a Specialty Product Manager who provides leadership, support, guidance, and expertise to facilitate the development, installation, and implementation of product development in our Excess & Surplus Casualty Lines. The Product Manager supports the strategic operations as well as the overall profitability, growth, and retention of their assigned product line by delivering industry leading, market competitive product offerings.

This role supports key strategic functions pertaining to the assigned line of business, including strategic product development and support, market research and analysis, product maintenance, delivery, and compliance. The Product Manager will work collaboratively with others on matters related to product, underwriting and compliance, including but not limited to: Business Unit leaders, Claims, Legal, Corporate Underwriting, Actuarial, IT and Compliance.

IN THIS ROLE, YOU WILL:

  • Lead the development, design, and maintenance of Excess & Surplus Lines Casualty coverage forms and associated rules for non-admitted use.
  • Monitor, analyze, and ensure adherence to non-admitted operating rules as regulated by state surplus lines offices. Monitor market research and analyze the competitive landscape as able. Work collaboratively with Business Units and Corporate Underwriting to establish and support line strategies.

WHAT YOU NEED TO APPLY:
  • Bachelor's degree required.
  • 3-5 years of Casualty insurance experience with working knowledge and experience in developing and maintaining non-admitted product forms and rules; or any combination of education and experience, which would provide an equivalent background.
  • Demonstrates thorough understanding of business insurance products, contracts, forms, and coverage.
  • Demonstrates an understanding of the non-admitted industry segment as regulated by state surplus lines offices.
  • Demonstrates leadership skills, innovation skills, initiating skills, organization, and time management skills.
  • Excellent oral and technical writing communication skills, as well as attention to detail .
  • Advanced ability to comprehend and communicate intent of product strategies, underwriting strategies, and inter-relationships with different coverage parts. Strong ability to influence strategic decisions that support corporate goals.
  • Superior interpersonal skills which align with Hanover's CARE values .

CAREER DEVELOPMENT:

It's not just a job, it's a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you - at every level - to grow and develop.

BENEFITS:

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you'll enjoy what you do and have the support you need to succeed.

Benefits include:
  • Medical, dental, vision, life, and disability insurance
  • 401K with a company match
  • Tuition reimbursement
  • PTO
  • Company paid holidays
  • Flexible work arrangements
  • Cultural Awareness Day in support of IDE
  • On-site medical/wellness center (Worcester only)
  • Click here for the full list of Benefits
EEO statement:

The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law."

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.

Privacy Policy:

To view our privacy policy and online privacy statement, click here .

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here .


Other details
  • Job Family Underwriter
  • Job Function Product Management
  • Pay Type Salary