Associate Product Manager

Plymouth Rock Assurance Corporation; Woodbridge Township (NJ); On-site; USD 110,000 - 153,000; Full time

Benefits offered by this job

4 weeks accrued PTO + holidays

Health insurance from Day 1

401(k) employer contribution

Onsite gym and health center

Professional development support

Tuition reimbursement

Job summary

Plymouth Rock Assurance Corporation is seeking a Nonstandard Associate Product Manager to lead ideation and development of pricing, product and telematics initiatives for personal lines in the Direct division. You will analyze complex issues, recommend new rating plans, and drive profitable growth while improving competitive positioning across regions.

The role requires strong quantitative skills, project leadership, and collaboration with data science, marketing, underwriting, and IT teams.

Qualifications

• Master’s degree or higher preferred.
• 5+ years in product management, actuarial, or analytical role.
• 5+ years with relational database tools and concepts.
• 3+ years in a non-standard or broad market auto insurance environment.
• Ability to translate data into actionable business insights.
• Experience communicating with both technical and non-technical audiences.
• MS-SQL (or related software) experience.

Responsibilities

• Advance Nonstandard business across regions by pricing, product and telematics improvements.
• Support budgeted growth and profitability targets.
• Manage high-complexity projects using data systems and analytics.
• Interpret predictive modeling concepts for business use and liaison with Data Science.
• Collaborate with third-party vendors to hit company goals efficiently.
• Develop hypotheses and challenge current processes to improve outcomes.
• Coordinate with marketing, customer service, underwriting, finance, and IT.
• Identify regulatory threats and craft response plans.
• Mentor teammates and represent the product in cross-department meetings.
• Perform other duties as assigned.

Skills

Relational databases

MS-SQL

Education

Master’s degree or higher

Tools

SQL

Job description

The Nonstandard Associate Product Manager leads the ideation and development of products and features with goals of improving pricing, competitive position and ease of doing business for Plymouth Rock’s personal lines products sold in the assigned market(s) for the Direct division, with particular focus on Nonstandard business. This person is responsible for creating and developing favorable business outcomes through the analysis of complex issues, and for providing recommendations for the implementation of new rating plans, improvements in the telematics program, new underwriting rules, process improvements, and other initiatives to support profitable growth and improve competitive position of Nonstandard business.

RESPONSIBILITIES

• Responsible for the advancing the Nonstandard business sold in the Direct division across all regions, including identifying opportunity areas in our pricing, product offering and telematics program and developing product changes to enhance them.
• Support the business to achieve budgeted growth and profitability business results.
• Effectively manage projects of high complexity using available tools and data systems to identify, test and solve strategic business issues within the company data/reports, troubleshoot when there are inconsistencies and present findings to upper management.
• Understand predictive modeling and other quantitative concepts and serve as a liaison between the Data Science and State Management teams; being a resource in interpreting these concepts for business application.
• Collaborate with third party vendors to achieve company goals more effectively and cost efficiently.
• Seek out new ideas and approaches to business issues and develop hypotheses independently.
• Constructively challenge current processes and proposed solutions to obtain the best outcome.
• Interface with other departments to strategically address their needs as they relate to the product.
• Review documentation, interpret rules, and coordinate activities with marketing, customer service, underwriting, finance, and information technology.
• Understand the competitive, legislative, and regulatory environments in all regions to identify emerging threats to our objectives and recommend plans for responding.
• Serve as a mentor to other team members on aspects of project work, insurance and general business knowledge.
• Serve as a Product representative in meetings with other departments as needed.
• Perform other job-related duties as assigned.

QUALIFICATIONS

• Master’s degree or higher is preferred.
• 5 or more years in product management, actuarial, or other analytical role.
• 5 or more years of experience with relational database tools and concepts.
• A minimum of 3 years of experience in a non-standard or broad market auto insurance environment is required.
• Ability to utilize quantitative approaches to generate sound business analyses with detail orientation. Identify results out of the norm, draw conclusions and articulate findings.
• Confidence in taking ownership of challenging business issues, making decisions with limited or incomplete data and seeing issues through to resolution.
• Experience developing and implementing new, creative and effective solutions to highly complex business issues.
• Understanding of and experience within the insurance industry is required.
• Skilled in linking multiple data sources into a logical format for analysis.
• Experience managing relationships with upper management and with technical developers.
• Excellent project management and problem-solving skills.
• Ability to communicate effectively to both technical and non-technical audiences.
• MS-SQL (or related software) skill preferred.

SALARY RANGE

The pay range for this position is $110,000 to $152,500 annually. Actual compensation will vary based on multiple factors, including employee knowledge and experience, role scope, business needs, geographical location, and internal equity.

PERKS & BENEFITS

• 4 weeks accrued paid time off, 8 paid national holidays per year, and 2 floating holidays
• Low cost and excellent coverage health insurance options that start on Day 1 (medical, dental, vision)
• Annual 401(k) Employer Contribution
• Free onsite gym and health center at our Woodbridge Location
• Resources to promote Professional Development (LinkedIn Learning and licensure assistance)
• Robust health and wellness program and fitness reimbursements
• Various Paid Family leave options including Paid Parental Leave
• Tuition Reimbursement

ABOUT THE COMPANY

The Plymouth Rock Company and its affiliated group of companies write and manage over $2 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 1,900 people and is headquartered in Boston, Massachusetts.Plymouth Rock Assurance Corporation holds an A.M. Best rating of "A-/Excellent".

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Location(s)

581 Main Street, Woodbridge , New Jersey 07095 , United States

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