AVP PRS Regional Product Manager - Military Veterans
at Combined Insurance
The AVP Regional Product Manager is accountable for managing region specific profitable growth strategies, coordinating rate review processes for specific jurisdictions, overseeing implementation of rate changes/pricing strategies to ensure deadlines are met, changes are accurate and appropriate regulatory approval is obtained, managing the inflow of bulletins and state regulatory changes taking appropriate action to ensure compliance, and managing binding suspensions in consultation with Line Leaders. This role will report to the VP Regional Product Leader.
Key Responsibilities
- Accountable for driving profitable growth of assigned region
- Work with field to develop strategies to increase submission flow, new business and drive profitable growth Develop, lead, and monitor various regional growth projects
- Assist in the development and implementation of underwriting guidelines for the region
- Work in a team environment with Sales, Underwriting, Risk Consulting, Operations, IT, Claims, General Counsel, Home Office Product Management and Actuarial to achieve business plans
- Work with field representatives and Line of Business leads to address outcomes of rate indications by developing pricing and/or underwriting actions that contribute to growth while maintaining profitability and target market focus
- Work with Regional Team to monitor/identify emerging trends/concerns regarding PML growth and take actions to control it
- Assure that pricing changes adhere to both rate adequacy requirements, as well as national rate plan designs which maximize alignment of rate to exposure and US rate plan consistency
- Evaluate market competitiveness. This includes: working with the Analytics team and field representatives to determine pricing competitiveness, having an understanding of market drivers for personal lines of business and evaluating competitive advantages/disadvantages of our products
- Provide marketplace-based insights and recommendations to improve rating accuracy, competitiveness, coverage needs, and client/agent experience
- Assist the audit team on specific underwriting reviews for assigned region Assist branches in yearly strategic planning for assigned region
- Assist Personal Lines Training and Education with instruction around underwriting and rating
Competencies
- Broad understanding of personal lines of business including rate indications, pricing, and coverage as well as an understanding of geographic and regulatory issues/concerns
- Familiarity with multivariate pricing segmentation and underwriting models
- Excellent negotiation, analytical and organizational skills with the ability to balance strategic and tactical work
- Data-driven decision maker; able to complete thorough research and investigation yet make decisions in a reasonable timeframe
- Strong written and verbal communication skills
- Ability to effectively work independently and with established teams Proficient with all Microsoft Office Products (Excel, PowerPoint, Word, etc.)
- Bachelor's degree within an analytic field with superior academic performance
- Minimum of 6 years of experience in the insurance industry, preferably in an analytical role Experience with High Valued Products desired
- Experience with broad range of geographic jurisdictions desired
Readington Township, NJ
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There are hundreds of insurance companies for you to consider when searching for an insurance career, so why should you choose Combined Insurance? A position with Combined Insurance is much more than just an insurance job - we believe it is the opportunity of a lifetime.
We're a leader in the supplemental insurance industry with a rich history, a solid financial base and a bright future ahead of us. We offer exciting insurance careers with unlimited potential for growth and a merit-based system of advancement.
Become an AgentAs we continue to grow, we are looking for successful people to become Combined Insurance sales agents. Talented people in our sales force help us maintain our position as an industry leader in supplemental insurance.
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Field Management and Support CareersOur field managers and support staff are a crucial part of the success of Combined Insurance. These key people help train and manage our agents to be the best they can be, focus on creating and maintaining relationships with businesses and their employees and assist our in-field staff with support from the home office.
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Corporate CareersOur growth also means we need quality people behind the scenes, in our corporate offices, to serve both our customers and our sales force. There is a variety of exciting insurance career opportunities in our corporate offices to explore.
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