Senior Commercial Lines Product Manager

Join to apply for the Senior Commercial Lines Product Manager role at Encova Insurance
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If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the job posting which will create your referral relationship for our Talent Acquisition Team.

Salary range: $97,153.00 - $ annually + bonus + benefits.

Pay type:

Salary.

We have a strong preference towards candidates who reside within a two to three hour driving range of our office in Columbus, Ohio, but we will consider well-qualified candidates who reside in any state where we can hire.

Unique residence requirements are listed in each job posting, please review closely for details. Encova is only able to employ associates who reside and work within specific U.S. states. Our current footprint includes:
Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

Manage assigned line of business and other products to optimize profitability and align with corporate strategy. Develop profitable growth strategies. Strategically plan/schedule new products, product revisions, and product rate reviews. Provide technical support and assistance regarding major projects and act as a mentor and develop expertise in others.

• With segment specialists/managers, develop and carry out strategic plans to grow assigned lines of business by working closely with commercial lines leadership, key stakeholders and cross‑functional teams.
• Perform thorough assessments of profitability, product profile, competitor information and growth to identify loss and profit drivers and market opportunities. Lead the development of solutions to address loss drivers (and optimize profit drivers) through collaborations, strategic and innovative thought, and data‑based decisions.
• Lead efforts in the creation of and effectively communicating market insights, product strategy, recommendations, policyholder notices and project updates, including developing comprehensive proposals and presentations for impacted areas of the company and senior leadership.
• Act as a subject‑matter expert on projects to ensure the intended direction and help with business requirements to support a successful deployment, including leading the creation and execution of user acceptance testing.
• Coordinate and execute new carrier/state launches, determining algorithms for new states and delivering requirements for system specifications.
• Ensure premium algorithms, rates, rules and class codes are compliant with state regulations and are loaded correctly into the appropriate systems.
• Monitor adoption of ISO manual revisions and advise the insurance department of the company’s adoption or deferral dates.
• Ensure that all filings are properly prepared, act as a consultant on filing issues, provide input and instruction when needed, and review all filings prior to submission.
• Collaborate with compliance specialists and other business partners to stay aware of state regulatory environments and any revisions published, including support of market conduct examinations and audits.
• Review and stay abreast of trade organization circulars and bulletins (ISO, NCCI, etc.) and make recommendations as to their effect on the company’s portfolio of products.
• Provide training for new and less‑experienced team members and relevant department training that supports organizational and department priorities. Act as a coach to other team members.
• Monitor metrics by project and by product to strengthen product management effectiveness across the portfolio.

• Lead ad‑hoc research committees and projects to conclusion, developing and presenting proposals to senior leadership.
• Lead/support activities of Annual Rate Review meetings.
• Oversee vendor research projects including vendor demonstrations and proposals for purchase.
• Lead…