Job description PURPOSE OF POSITION: Independently develops and manages insurance products or key analytical processes within a designated region with underwriting profitability and controlled premium growth being principal objectives. Responsibility may be for a large focus state or may span across several smaller focus states within a region. Responsibility could also include or focus exclusively on product development analyses or the management of one or more point-of-sale processes used to underwrite applicants. Identifies product issues and opportunities and performs or oversees the analytical work necessary to complete national, group, state or product level analyses. The Senior Product Manager also has management responsibility for a Product Team, one or more Product Managers or Product Analysts. _______________________________________________________________________________ SPECIFIC ACTIVITIES: * 1. May manage the activities of Product Managers, Senior Product Analysts and/or Product Analysts/Product Analyst Trainees. * 2. Designs insurance products to be marketed in his/her territory. * 3. Implements rate levels necessary to maintain consistent underwriting profit/growth. * 4. Designs company forms such as our policy, application, declarations page and related documents. * 5. Works with the Pricing Group to facilitate the completion of rate level indications. * 6. Works with the Pricing Group to complete off-balance analyses. * 7. Works with the Pricing Group to submit rate/form filings. * 8. Identifies product issues and opportunities and performs or oversees the analytical work necessary to complete national, group, state or product level analyses. May champion larger projects commissioned by the Product Standards Committee, an AVP, VP or the President. * 9. Maintains and updates forecasting and planning models for assigned products . * 10. Works with Business Development to develop marketing plans and sales strategies. * 11. Monitors incoming business and communicates results to management and functional groups. * 12. Manages the process of collecting competitor filings and developing competitive analyses. * 13. Communicates product level changes to functional groups. * 14. Provides training to functional groups regarding new programs or revisions to existing programs. * 15. Sponsors and participates in analyses based on changes in the industry or by competitors. * 16. Recommends changes to and participates in the development of the companyâ??s standard programs. * 17. Mentors Analysts and PMâ??s with a demonstrated expertise in one or more business software programs. * 18. Works with Infinity University and Senior Product Staff to develop/teach PM training classes. 19. Performs all other duties as assigned. * 20. Regular, predictable attendance required. _______________________________________________________________________________ SPECIALIZED KNOWLEDGE AND/OR SKILL REQUIREMENTS: Senior Product Manager : MBA or other Advanced degree preferred, 4-year college degree required with strong mathematics scores. Demonstrated understanding of the insurance pricing and product management process with track record of success and/or significant analytical contribution leading to improvement in processes of product standards. A minimum of six years analytical or insurance profit and loss experience is preferred. A minimum of two years as a successful Insurance Product Manager preferred. Advanced understanding of PC-based business software packages, including current spreadsheet, data base, and word processing software such as Access, Excel, Word, and other software that is deployed by the Company to support the product management functions. Must be a self motivated, goal oriented individual with excellent organizational skills. Must exhibit excellent analytical skills. Must exhibit excellent communication and listening skills. Ability to adapt to a fast-paced, ever-changing environment Senior Product Manager II: Qualifications of a Senior Product Manager I, plus the following: Minimum of two (2) years experience as a Senior Product Manager I with no less than a 3.00 average evaluation score for tenure in that role. Successful completion of requirements for a professional designation ACAS, FCAS, CPCU, or significant analytical or process automation contribution recognized by senior management as business changing. This contribution could also be demonstrated through the improvement of profit/loss and written premium growth versus plan or expectations over the course of a complete accident year period. Direct responsibility expands to include direct reports, multiple profit centers, the assignment of additional company-wide projects or vendor relationships.