Insurance Product Development Manager

1 week ago


Trenton, New Jersey, United States NJM Insurance Group Full time
Job Summary:

The Insurance Product Development Manager will be responsible for driving countrywide product growth and profitability for assigned lines of business. This role will involve proactively identifying, evaluating, and recommending new product opportunities, as well as leading the implementation of new products and enhancements to existing products.

Key Responsibilities:
  • Drive countrywide product growth and profitability for assigned lines of business
  • Proactively identify, evaluate, and recommend new product opportunities
  • Lead implementation of new products and enhancements to existing products
  • Develop short and long-term project roadmaps for each product
  • Stay current on industry developments and trends as well as the regulatory environments
  • Develop strong working relationships with Actuarial, Underwriting, Claims, Contact Center, BP&A (Finance), Marketing and Business Process (BPU)
  • Provide support for financial planning and forecasting

Requirements:
  • Minimum 4-year college degree or equivalent; Mathematics, Statistics, Actuarial, Data Analytics, Economics, Finance, or other quantitative business degree preferred
  • Minimum 5-year work experience in a role such as actuarial or insurance product analytics with increasing responsibilities
  • A minimum of 1 to 2 successful years within a Product Development role within the property and casualty insurance industry
  • Excellent communication, interpersonal, and organizational skills

What We Offer:
  • Estimated salary range: $116,000 to $146,000
  • Annual incentive opportunity
  • Generous benefits package, including Blue Cross health insurance, 401k with dollar for dollar match up to 8% with immediate vesting, tuition assistance program, dental and vision benefits, and more


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