Insurance Product Line Manager

Munich Re; Ohio; Hybrid; USD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a Product Manager with a robust background in Property and Casualty insurance. This role involves overseeing the profit and loss of specialized insurance products, ensuring alignment with corporate strategies. The ideal candidate will have a strong analytical background, excellent communication skills, and experience in product management within the residential insurance market. Join a forward-thinking company that values diversity and offers a flexible hybrid work environment, along with comprehensive benefits and opportunities for professional growth.

Benefits

Health Insurance Options (PPO or High Deductible)

Vision and Dental Insurance

401k Plan with Employer Match

Paid Time Off (24 days per year)

Yearly Bonus Eligibility

On-site Wellness Center

Tuition Assistance

Complimentary Workout Facility

Corporate Matching Gifts Program

Paid Time Off for Volunteering

Qualifications

• 5+ years of experience in insurance product management, especially in residential P&C.
• Strong understanding of state regulations and underwriting guidelines.

Responsibilities

• Manage profit and loss for assigned product line, ensuring alignment with company goals.
• Coordinate product delivery and maintain profitability through rate approval.

Skills

Analytical Abilities

Excel

Statistical Concepts

Product Management

Understanding of Pricing Segmentation

Education

Bachelor’s Degree in Business, Finance, Math, or Statistics

MBA or similar advanced degree

CPCU and/or FCAS

Tools

MS Office Suite

Job description

Company
American Modern Insurance Group
Location
Amelia, United States

Title: Product Manager (InsuranceProduct Line Manager, Line of Business Manager, P&C Product Manager)

Location: current schedule is hybrid (40-50% in the Amelia, Ohio office)

*Please add a cover letter with details if you are not local and plan to relocate for the hybrid schedule

Exemptposition

Applicants requiring employer sponsorship of a visa will not be considered for this position.

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property – such as manufactured homes and specialty dwellings – and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can’t. We write admitted products in all 50 states and have a premium volume of $1.9 billion.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re’s Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.

We are seeking an experienced insurance professional with a strong background in Property and Casualty insurance, particularly in residential lines. If you have a passion for P&C insurance and a deep understanding of the residential market, we encourage you to apply.

Purpose:

The Product Manager manages and is responsible for the profit and loss of their assigned line of business. Oversee and coordinate all aspects of the product ensuring activities are properly aligned with company goals, values, and strategies. Manages results through appropriate rate levels, product design, development and implementation, rating segmentation, profile management and marketplace positioning.

• Provides timely, quality, compliant delivery of our products to agents, markets, and consumers.
• Plan state review schedule and determine and approve the state’s rate need in order to maintain profitability.
• Key communicator with Agents, Actuary, Marketing, Sales, Underwriting, and other interested parties for buy in on product reviews.
• Interpretation and implementation of countrywide product direction for a particular state within line of business.
• Primary contact for Sales RVP and Territory Sales Manager.
• Specific knowledge of our system during the quote, issuance, and endorsement process.
• Work with Underwriting to set the direction and tone of the Underwriting Guidelines for a particular state.
• Participate in go to market business readiness support.
• Answer line of business, conduct all DOI complaints, develop Market Conduct research and support, manage premium waivers, and facilitate state surveys.

Required Skills:

• Strong analytical abilities including understanding of advanced mathematics and statistical concepts
• Strong command of Excel and MS Office Suite applications
• General understanding of Pricing Segmentation, State Regulations, Reinsurance, Policy Contract Language, Product Management and Underwriting
• Proven ability to lead, innovate and make decisions in order to foster and develop more advanced techniques as appropriate for the functional area.
• Background in insurance product management, specifically in residential P&C insurance

Education, Certifications & Designations:

Required: Bachelor’s Degree Business, Finance, Math, Statistics or similar field

Preferred: MBA or similar advanced degree, CPCU and/or FCAS

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Prescription drug coverage (included in your health insurance plan)
• Vision and dental insurance plans
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• A variety of health and wellness programs provided at no cost
• A hybrid environment that gives you a choice in where and how you get work done
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• An on-site complimentary workout facility as well as walking trails on campus grounds
• On-site wellness center complete with nurse practitioner
• Financial assistance for adoptions and infertility treatment
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Free parking
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.