Product Lead

Acuity Insurance; United States; Remote; USD 115,000 - 145,000; Full time

Job summary

Acuity Insurance is seeking a Product Lead to manage and develop its insurance products across various territories. The role demands a strategic mindset to align product offerings with market needs, fostering growth and profitability while navigating an evolving industry landscape. Responsibilities include developing strategic plans, monitoring performance, and collaborating with multiple departments to achieve business objectives. Candidates should have a solid background in property and casualty insurance, strong analytical skills, and excellent communication abilities.

Qualifications

• Minimum 5 years of experience in multi-line property and casualty insurance.
• Background in underwriting, claims, distribution, actuarial science, or product development.
• Proficiency in MS Office with demonstrated skills in Excel and PowerPoint.

Responsibilities

• Drive the vision, roadmap, and strategy of product opportunities.
• Monitor and evaluate product performance and industry trends.
• Collaborate with cross-functional teams to design and deliver products.

Skills

Technical aptitude

Interpersonal skills

Presentation skills

Data synthesis and visualization

Critical thinking

Problem solving

Communication

Education

Bachelor’s degree

Tools

MS Office

Excel

PowerPoint

Job description

Acuity is seeking a Product Lead to be accountable for the overall management, development, and objectives of Acuity’s insurance product or segment across operating territory. In this role, you will drive the vision, roadmap, and strategy of product opportunities, balancing growth and profitability, while maintaining a deep understanding of market dynamics, needs and opportunities, current and emerging trends, as well as traditional and disruptive factors affecting the industry.

ESSENTIAL FUNCTIONS:

• Cultivate a deep understanding of the assigned product(s) to achieve business objectives. Develop a strategic vision and tactical plan that will profitably expand growth potential within assigned product line(s) working closely with regional market directors and the business.

• Accountable for championing developed strategic plans through to execution in assigned product(s) and driving forward the overall product-specific market strategy vision for the organization. Gain alignment and support across the broad set of product stakeholders, establishing mutual acceptance of goals, objectives, and respective roadmaps.

• Monitor and evaluate product performance, industry trends, competitive position, competitor activity, and customer feedback consistent with Acuity’s approach for monitoring, managing, and directing market strategy frameworks.

• Identify opportunities for new product ideas or product enhancements to meet customer needs, improve financial performance, better align with competitive market expectations, and attain strategic objectives. Collaborate with cross-functional teams in the design, delivery, and positioning of new or enhanced products aligned with Acuity’s vision.

• Produce recommendations using interpretations of data and trends. Communicate results and recommendations with stakeholders and business leaders to assist and influence strategic direction that supports growth, diversification, and profitability.

• Develop and manage key business metrics that map outcomes to strategy objectives and performance. Effectively identify trends, patterns, and red flags, and communicate observations with appropriate leaders.

• Foster an environment of gathering and critiquing marketplace intelligence through detailed analysis of product, pricing, growth, and profitability at a state, line of business, industry, and customer segment level.

• Foster regular dialogue with underwriting, distribution, and actuarial to synthesize quantitative and qualitative feedback.

• Leverage a data driven approach to deliver internal and external insights that dynamically inform and direct corporate and marketplace strategy.

• Collaborate and drive alignment across the organization in the design, development, and delivery of specific product strategy plans by line of business, customer segment, product offering, or geography to sustain profitable growth potential, while remaining an independent and objective voice.

• Work closely with Customer and Communication area to execute strategy and effectively frame communication to internal and external audiences.

• Present regular comprehensive updates on product performance to key stakeholders.

• Proactively follow insurance industry trends to support Acuity’s dynamic and ongoing strategies.

• Actively pursue continued professional development, remaining current on industry and product line trends and developments, engaging in networking, and expanding leadership acumen.

• Some travel may be required, such as attending conferences, professional education sessions, or traveling with field personnel.

• Highly regular and predictable attendance.

• Performs other duties as assigned.

EDUCATION:

Bachelor’s degree or extensive applicable experience.

EXPERIENCE:

Minimum 5 years of experience in multi-line property and casualty insurance with a background in underwriting, claims, distribution, actuarial science, or product development. Proficiency in MS Office with demonstrated skills in Excel and PowerPoint. Demonstrated success in leading projects from inception to delivery is a plus.

OTHER QUALIFICATIONS:

• Strong technical and product specific aptitude. Demonstrates deep understanding of one or more of the following: coverage forms, rating, marketplace, and pricing.

• Excellent interpersonal skills with the ability to develop and sustain productive relationships with executive team members, internal product stakeholders, customers, external business partners, and resources from varied disciplines in support of profitable growth strategies.

• Strong presentation skills with expertise in bringing opposing views together to meet objectives.

• Displays solid capacity in data synthesis, analysis, and visualization. Effectively leverages these tools to design and present strategic insights and planning.

• Demonstrates strong capabilities in critical thinking, problem solving, and sound decisions. Solutions-oriented, with the ability to think strategically and foster change.

• Ability to translate key business and marketplace insights into actionable strategies.

• Excels in verbal and written communications collaborating across all organizational levels.

• Readily adapts to changing conditions, while remaining positive and productive.

• Effectively prioritizes, organizes, and accomplishes tasks in a self-directed environment.

*Acuity does not sponsor applicants for U.S. work authorization.*

This job is classified as exempt.

The salary range for this position is $115,000 - $145,000 annually. This salary range is an estimate and the actual salary will vary based on applicant’s education, experience, knowledge, skills, and abilities.

We are an Equal Employment Opportunity employer. Applicants and employees are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, national origin, age, genetic information, military or veteran status, sexual orientation, marital status or any other protected Federal, State/Province or Local states unrelated to the performance of the work involved.

If you have a disability and require reasonable accommodations to apply or during the interview process, please contact our Talent Acquisition team at [e-mail]. Acuity is dedicated to offering reasonable accommodations during our recruitment process for qualified individuals.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.